This is an archived article that was published on sltrib.com in 2016, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.
New York • Stocks that moved substantially or traded heavily on Wednesday:
• Adobe Systems Inc., down $5.71 to $94.01
The software maker announced a larger-than-expected quarterly profit, but Wall Street was less excited about its projections for the current quarter.
• FedEx Corp., down $7.44 to $156.51
The package delivery company's profit and sales were better than expected.
• HP Inc., down 72 cents to $12.61
The computer and printer maker announced some changes in its marketing strategy that one analyst called a "radical shift."
• KB Home, up 32 cents to $14.86
The homebuilder's profit surpassed estimates and sales were far stronger than expected.
• SolarCity Corp., up 69 cents to $21.88
Electric car maker Tesla offered to buy the solar panel maker for about $2.8 billion.
• Bristol-Myers Squibb Co., up $1.06 to $72.31
Drug companies rose after Medicare spending did not reach a threshold that could have led to spending cuts.
• Murphy Oil Corp., down 28 cents to $31.57
Energy companies fell with the price of oil after U.S. stockpiles shrank by a smaller amount than analysts had expected.
• Winnebago Industries Inc., up $1.34 to $22.95
Winnebago reported strong results as more people bought RVs and trailers it delivered on a big backlog of orders.