Adtran, Furniture Brands, Saia: U.S. Small-Cap Equity Movers
Stock Chart for Furniture Brands International Inc (FBN)
The Russell 2000 Index fell for a third day, losing 1.1 percent to 658.26. The Standard & Poor's 500 Index (SPX), whose companies have a median market value 23 times larger than the Russell 2000's, dropped 0.8 percent. The indexes have declined 14 percent and 15 percent, respectively, this year.
Adtran Inc. (ADTN) rose the most since April 16, climbing 5.9 percent to $24.88. The maker of network equipment for telecommunications companies was raised to ``overweight'' from ``equal weight'' by Morgan Stanley.
Bankrate Inc. (RATE) fell the most since Nov. 8, losing 12 percent to $28.89. The online provider of personal-finance services said profit and sales for the year will trail its earlier forecast as advertising demand slows.
Cal-Maine Foods Inc. (CALM) rose the most since June 19, gaining 5.5 percent to $33.98. Earnings at the largest U.S. egg producer and distributor may quadruple in the next year as prices rise, Barron's said, without citing anyone.
Furniture Brands International Inc. (FBN) dropped the most since June 11, tumbling 9.2 percent to $11. The maker of Broyhill and Thomasville chairs and tables was cut to ``market perform'' from ``outperform'' by Raymond James Financial Inc. analysts, who predicted weak furniture demand will continue in 2009 and said they were ``too optimistic for far too long'' on the stock.
Interactive Intelligence Inc. (ININ) plunged the most since August 2001, losing 26 percent to $7.78. The maker of communication software said second-quarter earnings excluding some items will be as low as 12 cents a share, missing the 17-cent average analyst estimate in a Bloomberg survey.
Kindred Healthcare Inc. (KND) jumped the most since May 6, gaining 7.8 percent to $29.23. The largest U.S. operator of hospitals for long-term care patients was raised to ``outperform'' from ``market perform'' by analysts at Friedman Billings Ramsey Group Inc.
Saia Inc. (SAIA) gained the most since June 19, rising 4.2 percent to $11.33. BB&T Corp. analysts raised their rating on the trucking company to ``buy'' from ``hold,'' saying the freight slump that began in late 2006 may have ended.
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