AsiaInfo, Nvidia, Sprint, SunPower, Zale: U.S. Equity Movers

Shares of the following companies had unusual moves in U.S. trading. Stock symbols are in parentheses, and prices are as of 4 p.m. in New York.

Managed-care providers rose after Goldman Sachs Group Inc. said the companies are cheap and the threat posed to their earnings by health-care reform has been overestimated.

Aetna Inc. (AET) rallied 3.1 percent to $29.89. Cigna Corp. (CI) climbed 3.4 percent to $33.24. UnitedHealth Group Inc. (UNH) added 3.1 percent to $28.30.

Akamai Technologies Inc. (AKAM) increased 1.6 percent to $25.37, the highest price since July 2008. The largest supplier of software and services to make Web sites load faster increased its fourth quarter forecasts for revenue and earnings, projecting more sales and profit than analysts estimate.

Allos Therapeutics Inc. (ALTH US) slumped the most since March 31, losing 11 percent to $5.88. The cancer drug developer was downgraded to “market perform” from “outperform” by Wells Fargo & Co., which said Celgene Corp. (CELG)’s purchase of Gloucester Pharmaceuticals Inc. will hurt Allos’s Folotyn.

American Axle & Manufacturing Holdings Inc. (AXL) rallied 5.9 percent to $7.57, the highest price since Sept. 23. The General Motors Co. supplier that the automaker helped avoid bankruptcy this year offered 14 million shares, extended access to credit and may sell $400 million of notes.

AsiaInfo Holdings Inc. (ASIA US) rallied 22 percent to $30.71, the highest price since September 2000. The Chinese supplier of software for phone companies and Linkage Technologies International Holdings Ltd. agreed to merge, creating a combined company with a market value of more than $1.8 billion.

Blyth Inc. (BTH) fell the most since Jan. 20, sliding 14 percent to $29.95. The maker of candles and home decorations cut its 2010 forecast, saying it expects profit excluding some items to be $2.60 a share at most. The company previously anticipated at least $3.

Colgate-Palmolive Co. (CL) dropped 2.6 percent, the most since July 30, to $82.98. The world’s largest toothpaste-maker, Avon Products Inc. (AVP) and Kimberly-Clark Corp. (KMB) were cut to “market perform” from “outperform” at BMO Capital Markets.

Avon lost 3.6 percent to $34.08. Kimberly-Clark fell 1 percent to $65.19.

Continental Airlines Inc. (CAL US) fell the most in the Russell 1000 Index, dropping 5 percent to $15.90. The fourth-biggest U.S. carrier said it would sell $200 million in convertible notes, raising concerns about share dilution.

International Royalty Corp. (ROY US) surged 51 percent to $6.73, the biggest rally since at least September 2005. Franco-Nevada Corp. (FNV CN), which owns mineral, oil and gas royalties, agreed to buy the company.

McDermott International Inc. (MDR) jumped the most since March 10, climbing 11 percent to $22.86. The offshore oil and gas contractor said it will spin off its nuclear-equipment unit to keep the business eligible for U.S. government contracts.

MetroPCS Communications Inc. (PCS US) surged 6.1 percent to $7, the highest price since Oct. 22. The pay-as-you-go mobile-phone carrier’s Chief Executive Officer Roger Linquist said he sees opportunities for consolidation in the industry. He spoke at a UBS AG conference in New York.

New York Community Bancorp Inc. (NYCB) gained 8.7 percent to $13.40, the highest price since Feb. 2. New York’s biggest savings and loan was raised to “outperform” from “market perform” at FBR Capital Markets, which said the lender’s success in bidding for the deposits from AmTrust Bank, of Cleveland will boost earnings and secure its dividend.

NutriSystem Inc. (NTRI) jumped 8.5 percent to $28.22, the highest price since February 2008. The company, which sells prepared meals to help clients lose weight, said that it expects to expand its retail presence through a new alliance with Sam’s Club.

Nvidia Corp. (NVDA) rallied the most since November 2008, rising 13 percent to $16.09. Intel Corp. (INTC) , the world’s biggest maker of semiconductors, said it’s behind in developing its line of Larrabee graphics chips. Advanced Micro Devices Inc. (AMD) gained 8.4 percent to $8.52. Nvidia and AMD are the biggest producers of graphics cards.

Qwest Communications International Inc. (Q) added 5.1 percent to $4.11, the highest price since July 2. The local phone provider in 14 U.S. states said its revolver loan will be renewed by the end of the year, Chief Financial Officer Joe Euteneuer said at a UBS conference in New York.

Somaxon Pharmaceuticals Inc. (SOMX US) plunged 60 percent, the most since Feb. 27, to $1.41. The San Diego-based company said its insomnia pill was rejected for the second time this year by the U.S. Food and Drug Administration.

Sprint Nextel Corp. (S) rose the most in the Standard & Poor’s 500 Index, added 13 percent to $4.18. The third-largest U.S. wireless carrier may rise as much as 50 percent on its purchase of Virgin Mobile USA Inc. and as the number of its prepaid subscriptions increases, Barron’s reported, without citing anyone.

SunPower Corp (SPWR) advanced 9.6 percent, the most since July 24, to $24.45. The second-biggest U.S. supplier of solar modules was raised to “overweight” from “equal-weight” at Barclays Capital by equity analyst Vishal Shah.

The brokerage also increased ratings for JA Solar Holdings Co. (JASO) and Suntech Power Holdings Co. (STP US). JA Solar added 13 percent to $4.95 while Suntech rose 11 percent to $17.055.

Synovus Financial Corp. (SNV) gained 9.3 percent to $2.35, the highest price since Oct. 29. Shares of the owner of banks in the southeastern U.S. have “tremendous upside,” Thomas Brown, founder of Second Curve Capital, said in an interview on Bloomberg Radio.

Terra Industries Inc. (TRA US) jumped 5.7 percent to $41.27, the highest price since September 2008. CF Industries Holdings Inc. (CF) increased its offer to acquire rival Terra Industries Inc. to about $4.58 billion as it seeks to increase output of nitrogen fertilizer.

Zale Corp. (ZLC US) dropped 24 percent to $3.75 for the biggest slump in the Russell 2000 Index. The biggest U.S. jewelry chain whose same-store sales slumped 19 percent in November could be in violation of debt covenants this quarter should sales fail to improve, Soleil Securities said in a note. The firm cut the stock to “sell” from “hold.”

To contact the reporter on this story: Lu Wang in New York at lwang8@bloomberg.net

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net.

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