J.C. Penney, AOL, Wendy's are big movers

J.C. Penney, AOL, Wendy's, WebMD 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

J.C. Penney Co., up $1.21 at $17.61

A Maxim Group LLC analyst said that the struggling retailer's return to discounting should drive traffic back into stores.

AOL Inc., down $3.68 at $37.74

The Internet company's first-quarter net income jumped 23 percent, but adjusted earnings fell short of Wall Street predictions.

Live Nation Entertainment Inc., up 68 cents at $13.91

The concert promoter posted a slightly narrower first-quarter loss as revenue grew 6 percent and corporate expenses fell.

Nasdaq

Whole Foods Market Inc., up $9.39 at $102.19

The natural foods store chain's fiscal second-quarter net income rose 20 percent and it boosted its full-year profit forecast.

SkyWest Inc., down 88 cents at $14.37

The regional flight operator posted a 13 percent drop in first-quarter revenue, blaming canceled flights because of bad weather.

The Wendy's Co., down 34 cents at $5.78

The fast-food chain's first-quarter net income fell 83 percent from a year-ago period that included a big gain on the sale of an investment.

WebMD Health Corp., up $2.43 at $27.94

The health information company said CEO Cavan Redmond is leaving the company after less than a year on the job.

Cognizant Technology Solutions Corp., up $3.27 at $68.15

The provider of information technology, consulting and outsourcing services, said its first-quarter net income rose 17 percent.

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