Markets had a small down day today but were well off their lows by the close. The Dow 30 closed down 26 (-0.15%), the S&P 500 lost 3 (-0.18%), and the Nasdaq 100 was red for the third day in a row, losing 10 (-0.21%).

Perrigo (PRGO  ) was all over the news today as the company named president John Hendrickson as CEO, succeeding former chief executive Joseph Papa. According to media headlines, Perrigo's board waived the non-compete clause in Papa's contract and elected to not contest his move to Valeant Pharmaceuticals (VRX). This response caused an 18.10% decline in shares of PRGO today.

Xerox (XRX  ) suffered a 13.34% decline today as the copier and printer giant reported a first quarter drop in profits and revenue. Xerox's profit tumbled 84% amid increasing restructuring costs.

Tribune Publishing (TPUB  ) soared 52.93% today as Gannett Co. (GCI  ) has proposed to buy Tribune Publishing in a deal valued at $815 million. Gannett will pay $12.25 a share for Tribune, which is 63% above Friday's closing price when the deal was announced. This news puts TPUB at fresh 2016 highs.'

For soccer fans, Manchester United (MANU  ) popped 3.49% today as Billionaire investor Ron Baron called Manchester United one of his favorite picks of the year in the weekend edition of Barron's. Baron said the company is undervalued compared to the Los Angeles Dodgers and New York Yankees.

Amazon (AMZN  ) recovered from morning losses, gaining 0.92% on the day as a new report by Cowen Research shows that Amazon is taking market share from Wal-Mart's and Target's grocery businesses. The online retail giant posted 18% year-over-year growth while sales from Wal-Mart and Target declined. Earnings for AMZN come out on Thursday.