IBM and eBay are big market movers

UnitedHealth, Peabody, SanDisk, IBM and eBay are big market movers

Associated Press

NEW YORK (AP) -- Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

IBM Corp., down $11.90 to $174.83

The technology services company was more than $1 billion short of Wall Street revenue expectations, but stuck to profit forecasts.

Peabody Energy Corp., up 69 cents to $18.58

Despite a quarterly loss and poor revenue, investors were happy about belt tightening by the coal miner.

Verizon Communications Inc., up $1.65 to $48.90

The largest U.S. cellphone carrier added 1.1 million wireless devices to its network during the latest quarter and its profits soared.

UnitedHealth Group Inc., down $3.82 to $71.37

The largest U.S. health insurer rattled investors by narrowing its 2013 earnings forecast.

Nasdaq

EBay Inc., down $2.14 to $51.38

The online auctioneer said the growth rate of U.S. e-commerce slowed and quarterly revenue disappointed investors.

SanDisk Corp., up $5.56 to $68.50

The chipmaker's quarterly earnings more than tripled as the growing popularity of smartphones and tablets ramped up demand.

Select Comfort Corp. down $5.21 to $18.99

The mattress retailer posted a 23 percent drop in profit and slashed its full-year outlook, citing the uncertain economy.

Amarin Corp. PLC, down $3.16 to $2.01

A panel of federal advisers dealt a major blow to the drugmaker's plans to expand the use of its prescription fish-oil drug.

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