Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

Walgreen Co., down $9.91 to $59.21

The drugstore operator cut its outlook after announcing it will no longer pursue a reorganization move that would have trimmed taxes.

Time Warner Inc., down $10.95 to $74.24

Rupert Murdoch's 21st Century Fox abandoned its attempt to take over the rival media company following a rejected offer.

Sprint Corp., down $1.38 to $5.90

The cellphone carrier reportedly ended its pursuit of a deal with T-Mobile US and is replacing its longtime CEO, Dan Hesse.

WPX Energy Inc., up $2.21 to $22.98

The gas and oil company reported a 57 percent jump in domestic oil production and stronger-than-expected natural gas production.

Nasdaq

Rocket Fuel Inc., down $7.70 to $17.05

The advertising technology company lowered its full-year revenue guidance, citing a slowdown in advertiser commitments.

Cognizant Technology Solutions Corp., down $6.31 to $43.67

The information technology company cut its annual revenue guidance, citing a weaker business market and longer sales cycles.

Activision Blizzard Inc., up 59 cents to $22.95

The video game maker reported a drop in quarterly profit that still beat expectations while also slightly raising its outlook.

Cerner Corp., up $1.57 to $55.91

The health information technology company will buy a unit from Siemens AG and partner with it to develop medical technology.