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Company News for May 12, 2017

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•    Shares of Straight Path Communications Inc declined 20.4% after the company agreed to sell itself to Verizon Communications Inc. (VZ - Free Report)

•    Whole Foods Market, Inc.’s shares advanced 2.2% after the company reported second-quarter 2017 revenues of $3,737 million, beating the Zacks Consensus Estimate of $3,725 million

•    Shares of Valeant Pharmaceuticals International, Inc. advanced 8.8% following news of positive developments in a patent litigation case over the company’s biggest drug, Xifaxan

•    Symantec Corporation’s (SYMC - Free Report) shares fell 5.1% after the company reported fourth-quarter 2017 revenues of $1.115 billion, missing the Zacks Consensus Estimate of $1.165 billion

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