Concho Resources, Cms Energy Climb While Conagra Stumbles

NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday: Concho Resources Inc., up $6.09 to $137.78 Energy sector stocks climbed with the price of oil amid signs of supply pressure. Conagra Brands Inc., down $2.78 to $35.45 The company agreed to buy Pinnacle Foods, which is behind the Hungry-Man brand, for about $10.9 billion to create a frozen-food giant. CMS Energy Corp., up 61 cents to $47.12 Utility stocks rose as their dividends grew more appealing to income investors due to a drop in Treasury yields. Aquinox Pharmaceuticals Inc., down $12.97 to $2.34 The company said that a clinical trial for its treatment of interstitial cystitis and bladder pain syndrome failed to meet its primary endpoint. Sonic Corp., down $1.61 to $34.02 The drive-in restaurant chain reported better-than-expected profit but nevertheless gave up some of its sharp gains from earlier in the year. World Wrestling Entertainment Inc., up $4.23 to $70.85 The company announced five-year distribution agreements with USA Network and Fox Sports for its Raw and SmackDown programs. Cara Therapeutics Inc., up $1.62 to $18.06 The biotechnology company reported encouraging pain-relief data from its trial in patients undergoing abdominal surgeries. Nvidia Corp., down $6.27 to $235.72 The stock dropped along with the technology sector as an early-morning rise turned into an afternoon swoon. Read more on NewsOK.com

 

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