Target soars while Qualcomm plunges

NEW YORK — Stocks that moved substantially or traded heavily on Wednesday:Target Corp., up $5.60 to $77.56The retailer reported a surge in online sales that helped push profit and revenue beyond Wall Street forecasts.Lowe’s Cos., down $13.16 to $97.94The home improvement retailer cut its profit outlook for the year after reporting weak first quarter financial results.Nordstrom Inc., down $3.50 to $34.35The upscale department store’s first quarter profit fell far short of Wall Street forecasts and it slashed its outlook for the year.Urban Outfitters Inc., down $2.66 to $24.34The clothing retailer warned that its Nuuly clothing rental service will crimp earnings for the next several quarters.Pure Storage Inc., down $5.10 to $15.50The data storage company reported a surprisingly wide first quarter loss and its revenue also fell short of Wall Street forecasts.Toll Brothers Inc., down $1.75 to $36.60The home builder gave investors a weak home sales forecast for the year, citing slower demand.Qualcomm Inc., down $8.44 to $69.31A federal judge ruled that the chipmaker stifled cellphone chip market competition and charged excessive licensing fees.Avon Products Inc., up 29 cents to $3.49The cosmetics and beauty products company is being bought by Brazilian makeup brand Natura Cosmeticos SA, according to media reports.The Associated Press