NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:
Wal-Mart Stores Inc., down 94 cents at $51.68.
A Jefferies analyst downgraded the discounting giant saying the company’s shoppers are cutting spending as gas and food prices rise.
MetroPCS Communications Inc., down $5.92 at $10.26
The low-cost wireless service provider reported 5.5 percent profit growth in the second quarter but it still missed expectations.
Coach Inc., down $4.26 at $61.03
The luxury handbag maker said its fourth-quarter net income rose 4 percent, but investors were expecting better results.
FMC Corp., down $5.80 at $82.55
The chemical company posted a third-quarter outlook that was below what Wall Street analysts were expecting.
Chesapeake Energy Corp., down 20 cents at $34.15
The oil and gas company said an oil and natural gas field in Ohio could be worth up to $20 billion for shareholders. But shares ticked lower as broader markets tumbled.
Winn-Dixie Stores Inc., down 91 cents at $8.05
The grocery chain said that it expected fourth-quarter earnings to be lower than they were last year.
Steve Madden Ltd., down $2.22 at $37.23
The New York-based shoe designer said its second-quarter profit and revenue rose, but its gross profit margin fell.
Ariad Pharmaceuticals Inc., down $1.22 at $10.86
The biopharmaceutical company said it lost money in the second quarter compared to a year ago, when it sold rights to a drug.