IE 11 is not supported. For an optimal experience visit our site on another browser.

UPS, Apple, Sprint Nextel are market movers

Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:
/ Source: The Associated Press

Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

United Parcel Service Inc., up $2.70 at $81.11

The delivery company said it will buy Netherlands-based TNT Express NV, an express mail delivery company, for $6.77 billion.

AboveNet Inc., up $9.49 at $83.74

Privately-held telecommunications company Zayo Group said that it will acquire the fiber-optic networks operator for $2.2 billion.

Citigroup Inc., up 48 cents at $37.17

The bank said it sold its 2.71 percent stake in Shanghai Pudong Development Bank for an after-tax gain of about $349 million.

LDK Solar Co. Inc., down 27 cents at $4.63

The Chinese solar panel maker cut the top end of its previous fourth-quarter sales forecast citing lower-than-expected shipments.

Sprint Nextel Corp., down 13 cents at $2.76

A Bernstein analyst downgraded the cellphone company noting that credit-default swaps imply a substantial risk of bankruptcy.

Nasdaq

Apple Inc., up $15.53 at $601.10

The iPad maker said that it will begin paying a quarterly dividend of $2.65 per share and will buy back $10 billion of its shares.

Dreamworks Animation SKG Inc., up 53 cents at $18.83

A Piper Jaffray analyst upgraded the movie studio's shares saying that concerns about increased production costs may be overdone.

Adams Golf Inc., up 89 cents at $10.75

German sports apparel maker Adidas said that it reached a deal to buy the Texas-based Gulf club maker for about $70 million.