TripAdvisor and Devon Energy jump; Walmart and Disney slide
Stocks that moved substantially or traded heavily on Wednesday:
Walmart Stores Inc., down $2.68 to $83.06
The retailer agreed to buy a 77 percent stake in India's Flipkart in a $16 billion deal.
Liberty Media Global PLC, down 81 cents to $30.34
The telecom company agreed to sell its operations in several European countries to Vodafone for about $22 billion.
Monster Beverage Corp., down $3.97 to $49.11
The energy drink maker reported weak sales and said its profit margins decreased.
TripAdvisor Inc., up $8.84 to $47.62
The online travel booking company raised its annual forecast after a strong first quarter.
Walt Disney Co., down $1.82 to $99.97
The entertainment company had a better-than-expected quarter, but its ESPN network continued to struggle.
Papa John's International Inc., down $2.18 to $56.55
The pizza chain's first-quarter results fell short of analysts' estimates.
Devon Energy Corp., up $1.20 to $40.22
Energy companies rallied as the price of oil rebounded from Tuesday's losses.
D.R. Horton Inc., down $1.29 to $43.63
Homebuilders traded lower as interest rates increased and the Mortgage Bankers Association said mortgage applications fell.