NEW YORK (AP) _ Stocks that were moving substantially or trading heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market.

NYSE

Oakley Inc., down 79 cents at $11.32

The maker of high-end sunglasses reported second-quarter earnings of 27 cents a share, 2 cents below analysts' expectations.

Liz Claiborne Inc., down 61 cents at $35.70

Morgan Stanley downgraded Liz Claiborne to ``equal-weight'' from ``overweight.''

Sonoco Products Co., down 31 cents at $23.19

Sonoco Products posted second-quarter profits of 32 cents a share, missing Wall Street's estimate by 2 cents.

NASDAQ

O'Charley's Inc., down $2.51 at $19.22

Wachovia Securities lowered its rating on the restaurant company to ``market perform'' from ``outperform.''

Immucor Inc., down $1.75 at $21

Immucor, which makes medical products used by blood banks and hospitals, reported fiscal fourth-quarter earnings of 28 cents a share, a penny shy of analysts' expectations.

Pervasive Software Inc., down 65 cents at $6.40

First Albany downgraded Pervasive Software to ``neutral'' from ``buy.''