Dean Foods, WellPoint, Comcast are market movers
NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:
Dean Foods Co. (DF), down $1.69 at $16.70
The milk producer issued an outlook for 2013 that fell short of Wall Street analysts' expectations.
Cliffs Natural Resources Inc. (CLF), down $7.32 at $29.29
The miner posted a $1.6 billion second-quarter loss, is slashing its dividend by 76 percent and said it will sell stock to pay down debt.
Lorillard Inc. (LO), up $1.96 at $41.68
The tobacco company sold more cigarettes at higher prices, its fourth quarter results beat Wall Street's estimate and its raised its dividend.
J.C. Penney Co. (JCP), up 34 cents at $19.61
The department store chain is increasing its credit facility as it seeks more flexibility to pay for a multi-year overhaul.
WellPoint Inc. (WLP), down $3.01 at $63
The health insurer picked Joseph Swedish to be its next CEO. He has two decades of hospital experience but has never led a public company.
Dr Pepper Snapple Group Inc. (DPS) , down $2.63 at $42.69
The soft drink company's volumes are growing in Latin America, but its 2013 profit forecast fell short of Wall Street predictions.
Comcast Corp. (CMCSA), up $1.16 at $40.13
Analysts say the cable company got a great deal on its $16.7 billion purchase of the remaining stake of NBCUniversal from GE.
Groupon Inc. (GRPN), up 29 cents at $5.58
The online daily deals company gets an upgrade from a Sterne Agee analyst confident in company's changing business model.