NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:
IBM Corp., down $6.18 to $182.25
Light fourth-quarter revenue revealed the thin margins the tech company is working with as it shifts from hardware to software and services.
Coach Inc., down $3.17 to $49.38
Rivals including Michael Kors and Vera Bradley are cutting into the luxury-goods merchant’s market share.
Brinker International Inc., up $3.03 to $49.72
The parent company of Chili’s and Maggiano’s restaurants reported a 7 per cent jump in quarterly profit as menu prices rose.
Norfolk Southern Corp., up $4.23 to $92.94
The railroad’s fourth-quarter profit jumped 24 per cent as deliveries of other goods more than offset continued weak coal demand.
FirstEnergy Corp., down $1.02 to $31.13
With energy prices and sales falling, the utility cut its dividend for the first time its 17-year history.
AMAG Pharmaceuticals Inc., down 99 cents to $20.87
Federal regulators reject the specialty drugmaker’s appeal for the expanded use of its anemia treatment, Feraheme.
Nuance Communications Inc., up $1.16 to $16.05
The voice technology company boosted its quarterly forecast after struggling for the past year with internal and external factors.
Keryx Biopharmaceuticals Inc., down 78 cents to $14.60
The biopharmaceutical company opened a $90 million underwritten public offering of common shares.