NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Wednesday:
Demandware Inc., up $26.82 to $74.81
Salesforce.com agreed to buy the online retail services company for $75 per share, or $2.85 billion.
Michael Kors Holdings Ltd., up $2.83 to $45.55
The retailer said strong online sales and new store locations helped give a big boost to its fiscal fourth-quarter revenue.
Under Armour Inc., down $1.48 to $36.25
The athletic apparel maker cut its sales projections, saying the liquidation of retailer Sports Authority will hurt its revenue.
General Motors Co., down $1.06 to $30.22
Monthly reports suggest U.S. auto sales may have peaked, and GM said its sales dropped 18 per cent.
Devon Energy Corp., up 6 cents to $36.15
Oil prices and shares of energy companies fell after some discouraging manufacturing reports from China.
Cracker Barrel Old Country Store Inc., up $12.74 to $164.22
The restaurant chain reported strong quarterly results and raised its annual forecasts.
Zoe’s Kitchen Inc., up 12 cents to $37.04
The Mediterranean food chain increased its estimate for annual revenue following solid first-quarter results.
Nike Inc., down 29 cents to $54.93
Analysts downgraded the athletic apparel company, saying its sales may slow down.