Shawshank, VA 5/29/12 (StreetBeat) -- Here are some of Tuesday’s biggest gaining and declining stocks:
D.J. LeCroy (Nasdaq: LCRY +55.58%) shares jumped 56%. The firm said on Tuesday that it had agreed to be bought by Teledyne Technologies Inc. for $291 million.
Interline Brands (NYSE: IBI +39.80%) shares rose 42%. The firm said Tuesday that it is being bought by an investor group that includes Goldman Sachs Group Inc. for about $1.1 billion.
Shares of Peabody Energy Corp. (NYSE: BTU +4.81%) added 6.8% on Tuesday. Analysts at Goldman Sachs upgraded the shares to buy, saying the coal producer’s future in China, plus current valuations, make the shares attractive.
Vertex Pharmaceuticals Inc. (Nasdaq: VRTX -16.15%) shares fell 19% on Tuesday. Earlier, the biotech firm said that it had revised study results for a recent clinical trial. The company said the trial showed 19% of patients experienced a 10 percentage point improvement or more, well below the 30% it had first seen.
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