ACE, Dycom, Chemours, Kraft and Melco are big market movers
Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
ACE Ltd., up 81 cents to $102.49
The insurance company is buying The Chubb Corp. in a $28.3 billion cash-and-stock deal to boost its international presence.
Dycom Industries Inc., up $4.63 to $63.48
The contracting services company raised its fourth-quarter profit guidance and announced a plan to buy back $40 million in stock.
Chemours Co., up 51 cents to $16.51
The global chemical company completed its spinoff from DuPont and launched as an independent, publicly traded company.
Montpelier Re Holdings Ltd., up $1.74 to $41.24
The insurance and reinsurance company said its shareholders voted in favor of the proposed merger with insurer Endurance.
Xerox Corp., up 4 cents to $10.68
The document management technology company completed the sale of its information technology outsourcing business to Atos.
Nasdaq
Kraft Foods Group Inc., up $3.16 to $88.30
The food and beverage company said that its shareholders approved the sale to H.J. Heinz and the deal will close Thursday.
Melco Crown Entertainment Ltd., up 82 cents to $20.45
The operator of casinos and resorts in Asia got a boost following the release of gaming revenue figures from Macau.
Synergy Pharmaceuticals Inc., up 80 cents to $9.10
The drug developer appointed pharmaceutical industry veterans Timothy Callahan and Richard Daly to its board of directors.