Aetna, Coty, Oshkosh, Avalanche Biotechnologies and Perrigo are big market movers



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NEW YORK — Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

Aetna Inc., up $3.96 to $124.97

UnitedHealth Group Inc. approached the rival health insurer about a possible takeover offer, according to the Wall Street Journal.

Coty Inc., up $5.03 to $31.08

The cosmetics and fragrance company has won an auction to buy several Procter & Gamble businesses, according to media reports.

Oshkosh Corp., down $3.59 to $46.71

The specialty truck and vehicle maker cut its full-year profit forecast, citing bad weather and delayed product launches.

Perrigo Co., up $7.95 to $191.25

Abbott Laboratories will vote its stake in Mylan N.V. in favor of that company's buyout of the rival pharmaceutical company.

Nasdaq

Avalanche Biotechnologies Inc., down $21.83 to $17.05

Wall Street was disappointed with the biotechnology company's clinical trial results for its experimental treatment for "wet" age-related macular degeneration.

Aerie Pharmaceuticals Inc., up $6.64 to $19.91

The FDA gave the pharmaceutical company clearance to amend the key goal of a late-stage study on its eye-disease treatment.

Xoma Corp., down 2 cents to $3.66

The drug developer's potential treatment for a congenital hypoglycemia disorder received a special designation from the FDA.

Himax Technologies Inc., up 48 cents to $8.60

The semiconductor company said a key product won an award from the Photonics Industry Technology Development Association.

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