Apple, Mattel, Bank of America are big movers

Apple, Mattel, Bank of America, Abiomed are big market movers on Wednesday

Associated Press

NEW YORK (AP) -- Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

Bank of America Corp., down 58 cents at $11.70

The nation's second biggest bank reported higher net income for the first quarter, but the results missed analysts' expectations.

Badger Meter Inc., down $7.52 at $44.80

The maker of products used by utilities said first-quarter profit was less than half of what it was a year ago.

Textron Inc., down $3.94 at $25.41

The aircraft maker said first-quarter net income barely rose, and it expects its business jet deliveries to fall this year.

Magnum Hunter Resources Corp., down 49 cents at $2.83

In a government filing, the oil and gas producer said it dismissed its accounting firm PricewaterhouseCoopers.

Nasdaq

Apple Inc., down $23.44 at $402.80

Shares of the iPhone and iPad maker fell to a one-year low after a supplier hinted at a slowdown in smartphone and tablet production.

Mattel Inc., up 80 cents at $43.78

Thanks to higher sales of Monster High and American Girl products, the toy maker's first-quarter net income more than quadrupled.

Abiomed Inc., up $1.41 at $17.74

The heart device maker forecast that revenue in its fiscal fourth quarter rose 17 percent because more hospitals bought its devices.

Cirrus Logic Inc., down $3.36 at $18.05

The chipmaker, which makes chips used in audio and energy products, forecast lower-than-expected fiscal fourth-quarter revenue.

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