By Elizabeth Stanton
Nov. 6 (Bloomberg) -- Shares of the following companies had unusual moves in U.S. trading. Stock symbols are in parentheses and share prices are as of 4 p.m. in New York.
Gold producers rallied as bullion futures rose to a record over $1,100 an ounce on speculation low U.S. interest rates will further erode the value of the dollar.
Newmont Mining Corp. (NEM US), the only gold producer in the Standard & Poor’s 500 Index, climbed 3.8 percent to $49.04, the highest since June 1. Royal Gold Inc. (RGLD US), which manages royalties on precious metals mines, increased 6.9 percent to $50.70. Barrick Gold Corp. (ABX US) advanced 2.3 percent to $41.63.
Activision Blizzard Inc. (ATVI US) added 3.5 percent to $11.25, the biggest gain since Sept. 21. The world’s largest video-game company reported third-quarter profit of $15 million, or 1 cent a share, on sales of “Guitar Hero” and “World of Warcraft.” Sales of “Call of Duty: Modern Warfare 2” could surpass the top films of 2009, Chief Executive Officer Bobby Kotick said.
Allos Therapeutics Inc. (ALTH US) climbed 5.4 percent to $6.21, the biggest gain since Oct. 6. The cancer drug developer was picked by CNBC’s “Mad Money” television show host Jim Cramer as a “speculative buy” on the company’s Folotyn drug.
Amazon.com Inc. (AMZN US) rose 4.6 percent to a record $126.20. The largest Internet retailer was upgraded to “outperform” from “market perform” at Sanford C. Bernstein & Co. Jeffrey Lindsay, the analyst, raised 2009 and 2010 earnings estimates, and increased his price forecast to $160 from $125.
American International Group Inc. (AIG US) slid 9.7 percent to $35.48, the steepest drop since Sept. 8. The insurer bailed out by the U.S. said third-quarter sales fell at its property- casualty and life insurance divisions.
American Science and Engineering Inc. (ASEI US) gained 5.1 percent, the most since June 9, to $73.92. The maker of bomb- detecting equipment for security inspections reported second- quarter adjusted earnings of $1.18 a share, beating the average estimate of analysts surveyed by Bloomberg by 36 percent.
Bebe Stores Inc. (BEBE US) dropped 8.4 percent, the most since Aug. 10, to $5.98. The clothing retailer reported a first- quarter adjusted loss of 4 cents a share, wider than the average analyst estimate of a loss of 2 cents.
Boston Beer Co. (SAM US) climbed 7.4 percent, the most since Aug. 5, to $40.19. The maker of Samuel Adams lager boosted its full-year forecast, saying it expects to earn as much as $2.05 a share.
Coinstar Inc. (CSTR US) fell 9.1 percent, the most since Aug. 14, to $28.96. The owner of Redbox movie-rental kiosks said litigation with three Hollywood studios may limit its access to some new movie titles.
Crocs Inc. (CROX US) slumped 16 percent, the most since May 8, to $5.75. The maker of colorful clogs with holes forecast fourth-quarter adjusted loss of as much as 20 cents a share, wider than the average analyst estimate of a loss of 16 cents.
CVR Energy Inc. (CVI US) dropped 18 percent, the most since March 11, to $8.50. The Sugar Land, Texas-based oil refiner said it plans to sell 7.4 million shares of common stock at $9.30 a share.
General Electric Co. (GE US) had the biggest gain in the Dow Jones Industrial Average, climbing 6.2 percent to $15.33. The was raised to “outperform” from “market Perform” at Sanford C. Bernstein & Co., which said “the risk GE Capital poses is reduced, 2010 earnings achievability is high, and there is more upside across the company into 2011.” Oppenheimer & Co. also upgraded the stock.
Geokinetics Inc. (GOK US) fell the most in Russell 2000 Index, plunging 30 percent to $12.57. The oil and gas company posted a loss excluding some items of 33 cents a share in the third quarter, more than four times the average loss estimated by analysts in a Bloomberg survey.
Hansen Natural Corp. (HANS US) slid 6.8 percent, the most since June 5, to $34.46. The beverage maker reported third- quarter profit excluding some items of 60 cents a share, missing the average analyst estimate by 5.4 percent.
International Game Technology (IGT US) rose the most in the S&P 500, adding 8.7 percent to $20.18. The world’s biggest maker of slot machines posted profit excluding some items of 20 cents a share in the fiscal fourth quarter, beating the average analyst estimate by 23 percent, according to Bloomberg data.
JDS Uniphase Corp. (JDSU US) climbed 6.4 percent to $6.46, the biggest gain since Sept. 22. The maker of phone equipment reported first-quarter sales of $297.8 million, beating the average analyst estimate by 1.6 percent, according to Bloomberg data.
KKR Financial Holdings LLC (KFN US) surged 6.4 percent to $5.51, the highest price since October 2008. The unit of KKR & Co. that lost $1.1 billion in 2008 made $67.2 million last quarter, underscoring a recovery for the debt investments that contributed to the worst credit crisis since the 1930s.
Lennar Corp. (LEN US) climbed 4.7 percent to $14.14, the biggest gain since Oct. 22. The third-largest U.S. homebuilder was raised to “outperform” from “neutral” at Credit Suisse Group AG on expectations it will report improving operating profits in 2010.
Macy’s Inc. (M US) rose 6.4 percent, the most since Aug. 7, to $19.18. The second-biggest U.S. department-store chain was raised to “overweight” from “neutral” at JPMorgan Chase & Co., which said it expects third-quarter earnings to beat analysts estimates.
Magna International Inc. (MGA US) rose 13 percent, the most since April 3, to $50. The auto-parts supplier that tried to buy a majority stake in General Motors Co.’s Opel unit reported an unexpected third-quarter profit.
NightHawk Radiology Holdings Inc. (NHWK US) dropped 24 percent, the most since it went public in February 2006, to $5.15. The radiology services provider projected profit excluding some items of 10 cents a share at most in the fourth quarter, trailing the average analyst estimate of 14 cents in a Bloomberg survey.
Nvidia Corp. (NVDA US) added 7.3 percent, the most since March 10, to $13.16. The maker of graphics chips reported third- quarter profit excluding some items of 19 cents a share, beating the 10-cent average of analyst estimates compiled by Bloomberg.
Rovi Corp. (ROVI US) rose 6.2 percent, the most since Aug. 7, to $29.94. The digital entertainment technology company known until July as Macrovision Solutions Corp. raised the lower end of its earnings per-share forecast for the current fiscal year. It now projects earnings of $1.45 to $1.50 a share. The previous range was $1.40 to $1.50.
SandRidge Energy Inc (SD US) sank 4.3 percent to $10.16, the lowest price since Aug. 6. The producer of natural gas and crude oil in Texas and the Gulf of Mexico reported third-quarter sales of $135 million, missing the average analyst estimate in a Bloomberg survey by 34 percent.
Skyworks Solutions Inc. (SWKS US) added 9.4 percent to $12.01, the biggest gain since Sept. 10. The wireless semiconductor maker reported first-quarter adjusted earnings of 24 cents a share, 10 percent higher than the average estimate of analysts in a Bloomberg survey.
Starbucks Corp. (SBUX US) climbed 7.2 percent, the most since July 22, to $21.12. The world’s largest coffee-shop operator reported fourth-quarter profit excluding some items of 24 cents a share as cost cuts expanded margins. The earnings beat the average analyst estimate by 15 percent.
STR Holdings Inc. (STRI US) rose 31 percent to $13.10 on its first day of trading. The solar company, which was taken public by Credit Suisse Group AG’s private-equity unit DLJ Merchant Banking Partners, raised $123 million selling 12.3 million shares at $10 each, below its reduced range of $11 to $13 apiece. The underwriters, Credit Suisse in Zurich and New York-based Goldman Sachs Group Inc., had sought $13 to $15 before lowering the range yesterday.
Sunoco Inc. (SUN US) had the second-biggest drop in the S&P 500, declining 9.4 percent to $28.21. The largest refiner in the U.S. Northeast reported a third-quarter loss after slumping fuel demand prompted the company to cut rates on processing units, idle a refinery and scale back its pension program.
U.S. Global Investors Inc. (GROW US) jumped 17 percent to $11.61 for the second-biggest gain in the Russell 2000 Index. The money manager earned 9 cents a share in its fiscal first quarter, compared with a loss of 12 cents a share a year earlier.
VeriSign Inc. (VRSN US) declined 3.2 percent to $23.24, the steepest drop since Oct. 28. The biggest operator of computers that direct Internet traffic forecast sales of $262 million at most in the fourth quarter. Analysts, on average, estimated $263 million, according to a Bloomberg survey.
To contact the reporter on this story: Elizabeth Stanton in New York at estanton@bloomberg.net
Last Updated: November 6, 2009 17:01 EST
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