AP News

CVS and Level 3 are big market movers


NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

CVS Caremark Corp., down 67 cents to $65.44

The drugstore will remove all tobacco products from its shelves by October, which will cost about $2 billion in annual revenue.

3D Systems Corp., down $11.66 to $64.10

Stung by falling demand, the 3D printer company slashed its expectations for the fourth quarter.

Ralph Lauren Corp., down $5.47 to $148.71

The fashion designer's stock tumbled despite the company posting strong quarterly profits and announcing a $500 million stock buyback.

Level 3 Communications Inc., up $3.14 to $34.55

The Internet and telecommunications company returned to a profit in its fourth quarter and it issued upbeat guidance for 2014.

Nasdaq

The Hain Celestial Group Inc., down $5.55 to $85.44

The organic and natural-products company posted weak revenue for its fiscal second quarter and analysts pointed to problems in the U.K.

Buffalo Wild Wings Inc., down $13.63 to $127.12

Light revenue numbers overshadowed stronger-than-expected profits at the restaurant chain.

Google Inc., up $5.04 to $1,143.20

The search engine made some concessions in a fight with European regulators, giving more visibility to three rival companies.

Myriad Genetics Inc., up $4.11 to $31.29

The molecular diagnostic company acquired Crescendo Bioscience for $270 million and posted a 44 percent rise in quarterly profit.


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