NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:
Citigroup Inc., down $3.33 at $28.49
The banking giant was one of the financial sector’s biggest decliners as investors worried about the health of financial institutions.
Bank of New York Mellon Corp., down $1.65 at $19.46
The trust bank will cut 1,500 jobs, 3 percent of its work force, because expenses have been growing faster than revenue.
Stifel Financial Corp., down $2.72 at $25.88
The SEC accused the company’s brokerage, Stifel Nicolaus, of civil fraud for risky deals sold to five Wisconsin school districts.
Capital One Financial Corp., up 28 cents at $41.05
The financial services company is expanding its credit card business by buying the U.S. credit card arm of Britain’s HSBC.
Walt Disney Co., down $3.16 at $31.54
Concern about the company’s fourth-quarter ESPN revenue and weakness at its movie studio weighed on shares.
Polo Ralph Lauren Corp., up $5.43 at $125.28
The clothing company raised its revenue forecast for the year. Quarterly profit shot up, despite higher costs, as retail sales grew.
Cree Inc., up $4.59 at $34.08
Canaccord Genuity upgraded the lighting maker after its quarterly profit declined, but topped Wall Street expectations.
Motricity Inc., down $2.69 at $1.86
Shares of the mobile phone Internet services company lost more than half their value after the company posted a weak outlook.