NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:
JPMorgan Chase & Co., down 93 cents at 35.92
The bank said that its fourth-quarter income dropped 23 percent as its investment banking income fell, missing analyst estimates.
Patriot Coal Corp., down $1.15 at $7.87
The coal company said that weak demand for metallurgical coal, used in making steel, is forcing it to cut back on production.
Novartis AG, down 93 cents at $55.80
The drugmaker said it will cut 1,960 jobs in the U.S. this year in anticipation of lower sales for two of its hypertension drugs.
JDA Software Group Inc., down $4.38 at $28.42
The supply-chain management software maker gave a fourth-quarter revenue outlook that was below what Wall Street was expecting.
Shutterfly Inc., down $1.36 at $22.70
The online photo service company, based in Redwood City, Calif., said its Chief Financial Officer Mark Rubash is leaving next month.
Diamond Foods Inc., down $3.40 at $29.73
The Wall Street Journal reported that a federal inquiry is looking into the snack maker’s financial practices for criminal fraud.
Metabolix Inc., down $3.45 at $2.54
A Jefferies analyst downgraded the bioscience company’s stock to “Hold” from “Buy” and cut the stock’s price target to $4 from $9.
Synutra International Inc., up 13 cents at $4.37
The Chinese infant formula maker said that government tests proved that a child’s recent death wasn’t linked to its products.