American Express, Adobe, General Mills, Warner Music Group are among big market movers

American Express, Adobe, General Mills big movers

NEW YORK — The following stocks were among those that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE:

American Express Co., up $1.19 at $35.84

Analysts concluded that industry data shows the company is positioned to best recover from recent high defaults and delinquencies.

Warner Music Group Corp., up 33 cents at $4.87

An analyst upgraded the recording company and applauded its decision to tap capital markets for permanent financing.

Bank of New York Mellon Corp., up $1.89 at $30.72

The bank reached an agreement with Russia over a $22.5 billion lawsuit stemming from a 1990s money laundering scheme by an executive.

General Mills Inc., down 7 cents at $60.23

An analyst downgraded the food maker, saying it may see moderating top-line growth and fail to significantly beat its peers.

Anadarko Petroleum Corp., up $5.68 at $64.85

Anadarko, one of the largest independent exploration and production companies, said it made a deepwater discovery offshore Sierra Leone.

Coventry Health Care Inc., down $1.08 at $21.99

An analyst downgraded the health insurer, saying its shares are expensive and the company faces risk from rising medical costs.

NASDAQ:

Adobe Systems Inc., down $2.27 at $33.35

The company’s purchase of Omniture Inc. should expand its customer base, but immediate gains will likely be minimal, analysts said.

Agco Corp., down $3.11 at $29.45

The agricultural equipment company slashed its fiscal year profit and sales guidance, citing weak sales and profits overseas.