BJ’s Wholesale, Salesforce.com, Itau Unibanco among big market movers Wednesday

BJ’s Wholesale, Salesforce.com among big movers

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

NYSE:

Salesforce.com Inc., down $2.56 at $81.60

Microsoft Corp. filed a lawsuit against the San Francisco-based company alleging patent infringement.

Under Armour Inc., down 82 cents at $31.39

An analyst downgraded the athletic clothing and footwear company on the disappointing response to its new running and training shoes.

BJ’s Wholesale Club Inc., up $1.51 at $38.95

Improved sales of food, clothing and gasoline helped send first-quarter net income up 7 percent, above Wall Street expectations.

Chico’s FAS, Inc., down $2.18 at $11.98

First-quarter net income more than doubled on strong sales at its White House/Black Market and Chico’s/Soma Intimates brands.

Pactiv Corp., up $1.89 at $29.79

Reports surfaced that several companies want to buy the maker of Hefty trash bags, including investment firm Apollo Global Management.

Prudential Financial Inc., down $1.29 at $58.44

An analyst downgraded the insurance and investment company’s stock due to what he considers an unsustainable run-up in price.

NASDAQ:

Itau Unibanco Holding SA, down $1.06 at $18.19

The Brazilian financial services company said Bank of America Corp. is selling up to 188 million shares of the preferred stock.

Culp Inc., up 68 cents at $13.87

The company raised its outlook on improved shopper demand for bedding products and expectations that the trend will continue.