American Airlines, ABM rise; Royal Bank of Scotland slips
Stocks that moved substantially or traded heavily Wednesday:
American Airlines Group Inc., up $2.19 to $53.80
The airline raised its second-quarter forecasts after a solid report for the month of June.
ABM Industries Inc., up $1.19 to 41.88
The cleaning and maintenance services company said it will buy facilities services company GCA from Thomas Lee Partners and Goldman Sachs.
Royal Bank of Scotland Group PLC, down 10 cents to $6.58
The bank agreed to pay $5.5 billion to settle an investigation into its sale of mortgage-backed securities before the financial crisis.
NRG Energy Inc., up $4.79 to $21.09
The electric utility said it plans to sell $4 billion in assets and cut costs.
Crown Castle International Corp., up $1.76 to $100.05
Real estate investment trusts, like the wireless infrastructure company, benefited from rising bond prices.
PayPal Holdings Inc., up $1.79 to $56.55.
Technology companies led the market higher.
Murphy Oil Corp., up 14 cents to $24.72
Energy companies climbed Wednesday with the price of oil.
MSC Industrial Direct Co., down $12.26 to $74.78
The distributor of industrial tools and supplies said its third-quarter profit margins were weaker than expected.