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.
Banner Corp. (BANR US) fell 21 percent, the most since January 2009, to $6.27. The Walla Walla, Washington-based bank holding company was cut to “underperform” from “market perform” at Keefe, Bruyette & Woods Inc.
BlackRock Inc. (BLK US) slipped 8.6 percent, the most since April 2009, to $192.95. The world’s biggest money manager reported first-quarter earnings excluding some costs of $2.40 a share, missing the $2.44 average estimate of nine analysts surveyed by Bloomberg.
Cascal NV (HOO US) declined 8.7 percent, the most sicne June 22, to $6.95. Sembcorp Industries Ltd. (SCI SP), owner of the world’s second-biggest oil-rig maker, offered to buy the U.K. water-treatment company, for as much as $206 million, or $6.75 a share. If less than 80 percent of stockholders agree to sell, the price per share will drop to $6.40, Sembcorp said.
Caterpillar Inc. (CAT US) rose 4.2 percent to $71.65 for the biggest rally in the Dow Jones Industrial Average. The world’s largest maker of construction equipment posted its first earnings increase in seven quarters, exceeding analysts’ estimates. Profit was 50 cents a share excluding costs related to a change in health-care laws, beating the average forecast by 28 percent, according to Bloomberg data.
China Security & Surveillance Technology Inc. (CSR US) fell 18 percent, the most since March 2009, percent to $6.20. The maker of security systems reported a profit of 5 cents a share in the first quarter, half the average estimate from analysts in a Bloomberg survey.
Citigroup Inc. (C US) declined 5.1 percent to $4.61, falling for a fourth day. The U.S. Treasury Department plans to sell as many as 1.5 billion shares in the government’s biggest step yet to exit the 27 percent ownership of the bank it rescued during the financial crisis.
CKE Restaurants Inc. (CKR US) retreated 3.7 percent, the most since Dec. 10, to $12.38. The operator of the Carl’s Jr. and Hardee’s fast-food chains said it will sell itself to an affiliate of Apollo Management LP for $12.55 a share in cash, or about $694 million.
DeVry Inc. (DV US) fell the most in the Standard & Poor’s 500 Index, retreating 5.8 percent to $65.45. The owner of for- profit colleges was downgraded to “neutral” from “outperform” at Credit Suisse Group AG.
Dollar Thrifty Automotive Group Inc. (DTG US) jumped 11 percent to $43.07, the highest price since June 2007. Hertz Global Holdings Inc. (HTZ US), the world’s largest car-rental company by market value, agreed to buy Dollar Thrifty for $41 a share, or about $1.2 billion in cash and stock, as a rebounding global economy spurs travel.
Hertz surged 14 percent to $14.69. Avis Budget Group Inc. (CAR US), the world’s second-biggest car-rental company, rose 12 percent to $16.40.
Domino’s Pizza Inc. (DPZ US) rose 6.4 percent, the most since Jan. 14, to $16.16. The U.S. pizza maker will probably “deliver its strongest” quarter when it reports April 30, Morgan Stanley said, holding its “equal-weight” rating on the shares and raising the 2010 estimate to $1.35 a share, from $1.12.
Eastman Kodak Co. (EK US) rallied 11 percent to $8.90 for the biggest gain in the Standard & Poor’s 500 Index. The photography company is seeking to modernize its brand message in its new advertising campaign by tapping into the era of social networking, the New York Times reported, citing Jeffrey W. Hayzlett, the company’s chief marketing officer.
Camera-maker Canon Inc. raised its full-year forecasts for profit and revenue. Kodak is set to report earnings on April 20.
Greystar Resources Ltd. (GYSLF US) slumped 44 percent to $3.62, the biggest decline since at least 1997. The company, which plans to invest $1 billion to explore for gold and silver in Colombia, said a request by the Ministry of Environment, Housing and Territorial Development to file a new environmental impact assessment on the Angostura project in the country will “severely” impact the schedule and may have a “material effect on its economic viability.”
Hampton Roads Bankshares Inc. (HMPR US) jumped 59 percent, the most since April 2001, to $3.30. The holding company for Bank of Hampton Roads and Shore Bank in Virginia said it has received offers of “significant investments of capital” from investors.
Office Depot Inc. (ODP US) climbed 5.9 percent to $8.95, the highest price since July 2008. The office-supplies retailer was boosted to “neutral” from “underperform” by Credit Suisse.
OfficeMax Inc. (OMX US) advanced 5.1 percent, the most since Feb. 22, to $17.48. The U.S. office supply company had its share-price target raised to $22 from $18 at Keybanc Capital Markets Inc.
PMI Group Inc. (PMI US) dropped 2.6 percent to $6.46, the first decline in four days. The mortgage insurer reported a first-quarter loss excluding some items of $1.64 a share, twice the average deficit of 82 cents a share predicted in a Bloomberg survey of analysts. The company also said it will offer common stock and convertible senior notes for total gross proceeds of about $600 million.
Protection One Inc. (PONE US) climbed 12 percent to $15.44, the highest price since July 2007. The security service provider agreed to be acquired by affiliates of GTCR, a private equity firm, for $15.50 a share.
SPX Corp. (SPW US) rose 4.4 percent to $69.81, the highest price since October 2008. The maker of power-plant cooling systems and pumps used by oil producers was upgraded to “buy” from “neutral” by Bank of America Corp.
Switch & Data Facilities Co. (SDXC US) jumped 11 percent, the most since Oct. 22, to $19.68. The provider of data centers and Internet services said it expects to close its acquisition of Equinix Inc. (EQIX US) on April 30 after the Department of Justice has closed an investigation on the planned transaction.
Equinix advanced 7.8 percent to $103.21.
Thomas Weisel Partners Group Inc. (TWPG US) had the biggest gain in the Russell 2000 Index, surging 68 percent to $7.33. The investment bank agreed to be bought by Stifel Financial Corp. (SF US), the St. Louis, Missouri-based brokerage, for about $318 million in stock, or $7.60 a share. Stifel declined 2.4 percent to $54.41.
Tuesday Morning Corp. (TUES US) dropped 13 percent to $7.48 for the biggest decline since March 19. The closeout home- furnishing retailer forecast full-year profit of 20 cents a share at most, trailing the 25-cent estimate by Credit Suisse Group AG.
Whirlpool Corp. (WHR US) rose 10 percent to $112.42 for the second-biggest rally in the S&P 500. The world’s largest appliance maker boosted its 2010 forecast for profit excluding some items to between $8.10 and $8.60 a share, exceeding the average analyst estimate of $6.83 in a Bloomberg survey.
WuXi PharmaTech (Cayman) Inc. (WX US) rose 17 percent to $19.41, the highest price since August 2008. Charles River Laboratories International Inc. (CRL US) agreed to buy WuXi for about $1.6 billion to expand in China, where revenue from drug- testing services is growing as much as 30 percent a year. Charles River fell 16 percent to $33.55.
To contact the reporter on this story: Whitney Kisling in New York at firstname.lastname@example.org.