NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:
J.C. Penney Co. Inc., down $1.78 to $10.12
The stock hit 12-year lows with fears growing over whether the troubled retailer will have enough cash to make it to the holiday season.
Hovnanian Enterprises Inc., up 7 cents to $5.27
Americans ramped up purchases of new homes in August, an indication higher mortgage rates are not slowing a recovery for builders.
Noble Corp., up 67 cents to $38.60
The drilling contractor will spin off older oil-drilling rigs into a separate company to drive higher valuation for its assets.
Carnival Corp., down $1.84 to $32.70
Wall Street weighed in on rough waters for the cruise operator, with Morgan Stanley downgrading and J.P. Morgan lowering its target.
Mako Surgical Corp., up $13.29 to $29.46
Stryker will spend $1.41 billion to acquire fellow medical equipment maker Mako Surgical and all of its robotic technology.
Facebook, up $1.01 to $49.46
Canaccord Genuity jumps on board, initiating the social networking giant with a "Buy" rating, saying advertisers are on the way.
Clovis Oncology Inc., down $8.53 to $64.99
The biopharmaceutical company slumps after reports that its effort to sell itself is not garnering much interest from buyers.
Ascena Retail Group Inc., up $2.74 to $20.06
The owner of the dressbarn and Catherines retail chains posted very strong profit numbers from its latest quarter.