Costco and MasterCard are big market movers
NEW YORK Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:
MasterCard Inc., up $26.96 at $790.57
The card company announced a 10-for-1 stock split, raised its quarterly dividend and launched a $3.5 billion buyback program.
Scripps Networks Interactive Inc., up $5.75 at $81
The operator of pay-TV networks including Food Network is the subject of buyout chatter involving Discovery Communications.
Laboratory Corp. of America Holdings, down $10.90 at $88.25
The medical lab operator issued soft profit guidance for next year citing uncertainty related to the health care overhaul.
Joy Global Inc., down $3.09 at $53.15
Profit tumbled 87 percent in the fourth quarter as the miner was buffeted by falling bookings and original equipment orders.
Costco Wholesale Corp., down $1.47 at $118.57
Profit rose 2 percent, but the bulk retailer fell short of Wall Street expectations even with a healthy jump in membership.
Avanir Pharmaceuticals Inc., down $1.28 at $3.01
The drug developer said that its pain treatment for multiple sclerosis fared no better than a fake drug in a clinical study.
BlackBerry Ltd., unchanged at $5.97
Citigroup issued a "Sell" rating on the smartphone maker, saying that management is not serious about selling it off in parts.
Urban Outfitters Inc. (URBN)
The teen retailer said a key sales metric has risen in the "mid-single digit percentage" range for the quarter that began on Nov. 1.