NEW YORK, N.Y. – 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.