Macerich, Sears, Dyax, UTI Worldwide and Ford are big market movers
Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:
The Macerich Co. (MAC), down $5.60 to $78.73
Simon Property Group called off its hostile $16.8 billion takeover bid for the mall operator after it was unanimously rejected.
Petroleo Brasileiro SA (PBR), up 34 cents to $6.35
The Brazilian oil company signed a financing deal worth $3.5 billion from China Development Bank as part of a cooperation accord.
Ford Motor Co. (F), down 23 cents to $15.91
The auto company reported a drop in sales in March as the industry faced bad weather and one less weekend than the prior year.
Altisource Residential Corp. (RESI), up $1.15 to $22.01
The rental-property manager signed an asset management agreement with Altisource Asset Management and named a new president.
Sears Holdings Corp. (SHLD), down 5 cents to $41.33
The retailer entered deal with shopping mall owner General Growth Properties to help extract more value from real estate holdings.
Dyax Corp. (DYAX), up $9.00 to $25.75
The biotechnology company's potential inflammatory condition treatment met key goals in a study and will get a faster FDA review.
UTI Worldwide Inc. (UTIW), down $2.32 to $9.98
The supply-chain services company reported a wider fourth-quarter loss on costs and lower revenue and cut its guidance.
EveryWare Global Inc. (EVRY), down 98 cents to 22 cents
The marketer of food preparation products expects to file for Chapter 11 bankruptcy protection as part of a debt restructuring plan.