On Holding, Beazer Homes rise; ProFrac, AEP fall
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday:
U.S. Xpress Enterprises Inc., up $4.48 to $5.98.
The trucking company agreed to be acquired by Knight-Swift Transportation for $6.15 a share in cash.
First Republic Bank, up $3.59 to $15.77.
The struggling regional bank led a rally in the sector on hopes for more backstop measures.
ProFrac Holding Corp., down $2.74 to $11.93.
The hydraulic fracturing equipment maker reported earnings and revenue that fell short of Wall Street’s estimates.
On Holding AG, up $5.69 to $27.26.
The Swiss athletic gear company posted huge sales growth in the fourth quarter and full year.
Canadian Solar Inc., up $5.39 to $41.25.
The maker of solar energy equipment posted results above what investors expected.
KKR & Co., up $2.43 to $51.03.
The investment firm is selling its 50% stake in X-ELIO, a renewable developer, to Brookfield Renewable, its partner in the venture.
American Electric Power Co. Inc., down $2.86 to $88.90.
Utilities and other high-dividend stocks were out of favor as bond yields rose.
Beazer Homes USA Inc., up 53 cents to $14.68.
Homebuilders were broadly higher after sales of previously occupied U.S. homes surged in February.
