Walgreen, Time Warner, Sprint, Rocket Fuel, and Activision are big market movers

EnergyAssociated Press

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


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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.


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.