Benzinga's Volume Movers
NGL Energy Partners LP (NYSE: NGL) surged 30.63 percent to $14.03. The volume of NGL Energy Partners shares traded was 1671 percent higher than normal. NGL Energy Partners reported a $200 million private placement of 10.75 percent Class A Convertible Preferred Units and announced a temporary reduction in quarterly distribution. The company also updated its FY16 outlook.
Concordia Healthcare Corp (NASDAQ: CXRX) shares climbed 4.68 percent to $31.93. The volume of Concordia Healthcare shares traded was 1267 percent higher than normal. Blackstone Group LP (NYSE: BX) is considering a bid for Concordia Healthcare, according to sources as reported by Bloomberg on Thursday. Concordia Healthcare confirmed after Thursday's market close that it has formed a special committee of independent members of its board of directors to consider strategic alternatives that are potentially available.
Norfolk Southern Corp. (NYSE: NSC) shares moved up 8.50 percent to $89.65. The volume of Norfolk Southern traded was 322 percent higher than normal. Norfolk Southern reported upbeat Q1 earnings.
Skechers USA Inc (NYSE: SKX) shares rose 5.32 percent to $32.46. The volume of Skechers USA shares traded was 306 percent higher than normal. Skechers reported better-than-expected Q1 results.
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