Supervalu, Merck, Marriott are market movers

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

NYSE

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.

Nasdaq

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.