NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq stock market:
The Dow Chemical Co., up $6.07 to $56.97
The chemicals company and rival DuPont are considering a potential merger deal, according to The Wall Street Journal.
Kinder Morgan Inc., up $1.09 to $16.81
The pipeline operator cut its quarterly dividend by 75 per cent, saying it would help fund expansion and maintain its credit rating.
Freeport-McMoRan Inc., up 25 cents to $6.99
The copper and gold producer will suspend its dividend and make more spending cuts due to the weak market for commodities.
SunEdison Inc., up 51 cents to $3.96
The solar energy company cut the cash portion of its offer for Vivint Solar Inc. but boosted the deal’s stock component.
J.C. Penney Co., down 25 cents to $7.47
The U.S. government is suing the department store operator over claims of false advertising on textile fiber products.
Lululemon Athletica Inc., down $6.84 to $45.32
The yoga-wear retailer reported worse-than-expected third-quarter profit and revenue and lowered its full-year forecast.
Costco Wholesale Corp., down $9.15 to $159.72
The warehouse club reported a drop in fiscal first-quarter profit, with earnings and revenue falling short of expectations.
SunPower Corp., down $2.06 to $23.04
The solar power systems company hopes to raise $350 million through a private offering of convertible debentures.