Supervalu, Merck, Marriott are market moversThe Associated Press
NEW YORK -- Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:
Supervalu Inc., down $2.60 at $2.69
The grocery store chain posted dismal first-quarter results and said that it is considering options, including selling itself.
Marriott International Inc., down $2.45 at $35.58
The hotel operator said growth is slowing in the Middle East and Asia. It also said demand for higher-end hotels is slowing.
Progressive Corp., down $1.02 at $19.53
Due to investment losses, the insurer said that its second-quarter profit fell 52 percent. That's more than Wall Street expected.
Merck & Co. Inc., up $1.70 at $42.91
The drugmaker said that a late-stage clinical trial showed clear evidence that its osteoporosis drug odanacatib was working.
J.C. Penney Co. Inc., down 26 cents at $20.04
Standard & Poor's ratings agency cut the department store chain's rating further into junk status citing its weak performance.
Cal Dive International Inc., down 97 cents at $1.87
The offshore drilling services company posted a second-quarter earnings outlook that was below Wall Street predictions.
Infosys Ltd., down $4.87 at $38.75
The Indian technology company announced lower-than-expected fiscal first-quarter profit and cut its full-year profit prediction.
Affymax Inc., up $2.29 at $14.24
The drugmaker said it will supply its anemia drug to Fresenius Medical Care, one of the nation's largest dialysis center operators.