Monday, July 30, 2012

July 30, 2012, 4:15 p.m. EDT

Monday’s biggest gaining and declining stocks

Shaw Group, Salix, Progenics are in focus

Portfolio Relevance
By MarketWatch
CHICAGO (MarketWatch) — Shares of the following companies made notable moves in the U.S. stock market Monday:


MWI Veterinary Supply Inc. MWIV +5.08%  rallied 5% after the company reported increases in second-quarter profit and revenue.

U.S. bank files suit on Libor scandal

A New York lender alleges in a lawsuit that it was cheated out of interest income because rates on loans tied to Libor were "artificially" depressed.
Shaw Group Inc. SHAW +55.45%  shares rallied 55%. The engineering and construction company said Monday it will be acquired by CB&I CBI -14.15%  in a cash and stock deal valued at about $3 billion. Read more on Shaw.


Acura Pharmaceuticals Inc. ACUR -36.36% shares sank 36% to $2. The firm said late Friday that Pfizer Inc. PFE -0.48%  has terminated the license to three development-stage products using Acura’s technology.
Diebold Inc. DBD -9.11%  shares dropped 9% after the firm’s results came in below analyst estimates. The company also lowered its full-year profit target. Read more on Diebold.
Software designer Citrix Systems CTXS -5.86%   shares fell 6% in trading, among several tech stocks to see declines on Monday.
Salix Pharmaceuticals Ltd. SLXP -13.05%  shares fell 13% and Progenics Pharmaceuticals Inc. PGNX -50.09%  dropped 50% to $5.39. The companies said late Friday they received a U.S. Food and Drug Administration request for more clinical data on a proposed treatment for adult patients who become constipated from taking opioids for pain from disorders other than cancer. 

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