GM, IBM, Gap, Morgan Stanley among big movers

Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

General Motors Corp., down $2.15 at $4.76

Shares fell to their lowest levels since 1950 as investors worried the decline in U.S. vehicle sales may spread across the globe.

International Business Machines, down $1.55 at $89

The information-technology firm posted third-quarter results that beat forecasts and affirmed its full-year earnings outlook.

Gap Inc., down $1.46 at $13.89

The clothing retailer posted an 11 percent drop in sales at stores open at least a year, dragged down by its Old Navy unit.

Abercrombie & Fitch Co., down $4.82 at $27.69

The retailer said September same-store sales fell 14 percent and said second-half earnings will come in well below forecasts.

National City Corp., down 8 cents at $2.15

The regional bank is in talks with several banks, including PNC Financial, over a potential buyout, according to a media report.

Huntsman Corp., up $2.56 at $11.64

Hexion Specialty Chemicals received a $540 million pledge from Apollo to help it close its takeover of the chemicals company.

Micron Technology Inc., up 1 cent at $3.88

The chip maker will cut about 15 percent of its global work force as part of a restructuring of its memory chip operations.

Morgan Stanley, down $4.35 at $12.45

Investors continued to worry over the status of a planned $9 billion investment from Japan's Mistubishi UFJ Financial Group.