NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:
Ford Motor Co., down $1.05 to $15.65
After a banner year with pretax profit of about $8.5 billion, the carmaker forecast 2014 earnings of $7 billion to $8 billion.
Lennar Corp., up $2.23 to $37.43
Higher prices and strong sales sent the homebuilder’s quarterly profit rocketing 32 per cent, and its full-year revenue up 44 per cent.
Jabil Circuit Inc., down $4.05 to $15.67
The electronics company reported a slim quarterly profit and issued a cautious outlook.
Valassis Communications Inc., up $6.30 to $34.60
The company responsible for many of the inserts put into the morning paper is being acquired for about $1.31 billion.
Ariad Pharmaceuticals Inc., up 82 cents to $4.98
European regulators will review the drug maker’s cancer treatment in December, according to a meeting agenda posted online.
Zagg Inc., up 17 cents to $4.07
The mobile phone accessory maker was picked by Samsung to design products, which is likely to expand its global footprint.
Isle of Capri Casinos Inc., up 33 cents to $8.13
The casino operator announced a definitive agreement with Scott County Casino to sell its Rhythm City Casino in Davenport, Iowa.
Tower Group International Ltd., down $1.19 to $2.74
The insurer is cutting 10 per cent of its workforce and may need to add between $75 million and $105 million to its reserves.