Wal-Mart and Discovery Communications tumble, IBM rises

NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq stock market:


Wal-Mart Stores Inc., down $1.99 to $64.12

The retailer cut its 2016 revenue estimate after reporting disappointing fourth-quarter sales. The company has been struggling as competition mounts.

IBM Corp., up $6.35 to $132.45

IBM agreed to buy Truven Health Analytics for $2.6 billion, expanding the health care capabilities of its Watson cognitive computing system.

Ingram Micro Inc., up $6.69 to $36.34

The logistics company agreed to be bought by Chinese shipping company Tianjin Tianhai for about $6 billion, or $38.90 per share.

La-Z-Boy Inc., up $3.75 to $24.60

The furniture company reported stronger-than-expected results.

Perrigo Co., down $14.77 to $130.40

Adjusted earnings and revenue at the maker of drugs, vitamins and infant formula fell short of estimates.


Discovery Communications Inc., down $1.09 to $25.62

The operator of TV channels including TLC and Animal Planet reported disappointing results.

Nvidia Corp., up $2.38 to $30.04

The maker of graphics chips and processors for phones and tablets reported a stronger quarter than analysts expected.

Jack in the Box Inc., down $12.43 to $64.48

The fast food chain offered weak quarterly results and guidance, saying McDonald’s all-day breakfast and value deals from rivals are hurting sales.