Morgan Stanley, IBM, Intel, Electronic Arts among big market movers Wednesday

Morgan Stanley, IBM, Intel are active movers

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

NYSE:

Morgan Stanley, down 58 cents to $27.80

The investment bank said it has no knowledge of a reported federal investigation into whether it misled investors over its role in mortgage derivative deals.

Fluor Corp., up $2.92 to $53.39

The construction company said it could receive more than $8.8 billion in contracts in the second quarter, which would be a quarterly record.

NASDAQ:

AEterna Zentaris Inc., up 26 cents, to $2.09

The U.S. Food and Drug Administration cleared the Canadian drug developer to conduct mid-stage tests on its potential bladder cancer treatment.

Intel Corp., up 81 cents to $23.09

Rising demand for the company’s computer chips should boost revenue and net income over the next few years, said CEO Paul Otellini.

IBM Corp., up $5.79 to $132.68

The company said it expects to earn at least $20 per share in 2015 as the recession wanes and companies spend more on technology.

Achillion Pharmaceuticals Inc., up 34 cents to $2.70

The biotechnology company said early-stage trial data showed its hepatitis C drug proved effective at both lower and once-daily doses.

Electronic Arts Inc., down $1.09 to $17.71

The video game maker forecast a bigger quarterly loss and lower revenue than analysts had expected.

SunPower Corp., down $1.11 to $14.18

The solar-panel maker posted a smaller-than-expected profit as it booked acquisition-related costs and poor weather and delayed projects hurt sales.