FedEx, Nokia, Fannie Mae, Sunoco, Somanetics among big market movers Wednesday

more images

more images

FedEx, Nokia, Fannie Mae among big movers

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

NYSE:

Nokia Corp., down $1.05 at $8.77

Tough competition in the smart phone market led the handset maker to cut its outlook for the current quarter.

BP PLC, up 45 cents at $31.85

President Barack Obama met with company executives to press the oil giant to pay into a claims fund for oil spill victims.

FedEx Corp., down $4.94 at $78.07

Despite strong fourth quarter results, the shipping company offered a conservative outlook for its next fiscal year.

Sunoco Inc., up $2.03 at $34.27

The petroleum refiner plans to spin off its metallurgical coke manufacturing operations, part of a plan to boost the value of its shares.

Fannie Mae, down 36 cents at 56 cents

The government-sponsored mortgage finance company and its sibling, Freddie Mac, will delist shares from the New York Stock Exchange.

Clarcor Inc., up $1.56 at $38.01

The maker of filters and packaging reported strong growth in second-quarter net income and raised its 2010 profit forecast.

NASDAQ:

Somanetics Corp., up $5.91 at $24.81

Covidien PLC, which makes drugs and medical devices, will buy the diagnostic equipment maker for about $300 million.

Curis Inc., down $1.57 at $1.69

The drug developer said a potential colon cancer treatment, its key drug candidate, failed to meet its goal in a clinical study.