Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:
Sealy Corporation, down 10 cents at $2.68
The mattress maker posted a loss in its first quarter as the company invested heavily in new products and marketing.
Valeant Pharmaceuticals International, up $5.69 at $50.08
The Canadian drug company made a bid to acquire biopharmaceutical company Cephalon Inc. for $5.7 billion in cash.
Oxford Industries Inc., up $8.42 at $33.43
The company, which oversees brands such as Tommy Bahama and its own Oxford Apparel, said it anticipates stronger sales for the year.
BlackRock Inc., up $12.34 at $198.84
Standard & Poor's said that the asset manager will replace Genzyme Corp. in the S&P 500 index after the close of trading on Friday.
PPG Industries Inc., up $5.34 at $95.93
The Industrial chemical offered an income forecast that was well above Wall Street expectations.
Lennar Corp., down 80 cents at $18.27
Shares of the homebuilder tumbled for the second day in a row after the company reported disappointing new home orders.
Staples Inc., up 18 cents at $19.75
Caris & Co. initiated coverage on the office products retailer saying it could double earnings as customers start to spend more.
Peet's Coffee & Tea Inc., down 23 cents at $47.81
Janney Capital Markets raised its ratings on the specialty roaster saying that the company is a good takeover target.