General Motors, Sony, Walt Disney, Gilead Sciences and Staples 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:

NYSE

General Motors Co., up $1.85 to $35.83

The automaker reported better-than-expected fourth-quarter profit despite the high cost of recalled vehicles and claims.

The Walt Disney Co., up $7.18 to $101.28

The entertainment company reported better-than-expected fourth-quarter profit on a mix of revenue from films, parks and products.

Sony Corp., up $2.55 to $25.94

The entertainment and electronics company trimmed its forecast of losses and sees no significant harm from recent cyberattacks.

AbbVie Inc., down $4.74 to $56.91

The drug developer's arthritis treatment Humira could face competition from a biosimilar version being made by Amgen Inc.

Nasdaq

Gilead Sciences Inc., down $8.75 to $98.43

The biotechnology company reported better-than-expected profit but will offer discounts on its revenue-driving hepatitis C drugs.

Staples Inc., down $2.28 to $16.73

The office supplies company said it plans to buy rival Office Depot Inc. for $6.3 billion in a cash-and-stock deal.

Myriad Genetics Inc., down $3.50 to $34.62

The diagnostics company cut its fiscal year forecast because of reimbursement delays and said CEO Peter Meldrum is retiring.

Cognizant Technology Solutions Corp., up $2.78 to $57.88

The information technology and consulting company reported better-than-expected fourth-quarter profit and revenue.