Stocks that moved heavily or traded substantially on Wednesday: IBM, Express rise; Netflix, Baker Hughes fall
NEW YORK —
Stocks that moved heavily or traded substantially on Wednesday:
Netflix Inc., down $12.11 at $326.
The streaming video company gave investors a weak forecast for subscriber growth.
IBM (IBM), up $4.72 at $143.89.
The technology and consulting company’s fourth-quarter profit and revenue beat Wall Street forecasts.
Eaton Corp., up $2.64 at $97.16.
The power management company is selling its hydraulics business to Danfoss A/S for $3.3 billion in cash.
Intel Corp., up $2.18 at $62.73.
The chipmaker said Andy Bryant stepped down as chairman and will be succeeded by Omar Ishrak.
Capital One Financial Corp., up $4.57 at $106.76.
The credit card issuer and bank reported surprisingly good fourth-quarter earnings.
Express Inc., up 86 cents at $5.01.
The retailer announced plans to cut costs and close 100 stores over the next two years.
Navient Corp., up $1.32 at $15.18.
The student loan company’s fourth-quarter profit and revenue beat Wall Street forecasts.
Baker Hughes Co., down 5 cents at $22.68.
The oilfield services company reported disappointing fourth-quarter earnings as lower demand hurt the industry.