Boeing, Callaway, Microsoft, News Corp., Smart Balance: 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.

Auto-parts makers gained after Morgan Stanley boosted TRW Automotive Holdings Corp. (TRW US) and Johnson Controls Inc. (JCI US) to “overweight” from “equal weight.”

TRW added 6.2 percent to $33.41. Johnson Controls climbed 5.5 percent to $29.53.

Semiconductor stocks rallied in New York trading after Taiwan Semiconductor Manufacturing Co., the world’s largest contract maker of chips, said global sales will increase almost 30 percent in 2010, up from its April forecast of 22 percent growth.

Advanced Micro Devices Inc. (AMD US) gained 6.5 percent to $8.82. Teradyne Inc. (TER US) advanced 11 percent to $11.77. Micron Technology Inc. (MU US) jumped 8.6 percent to $9.68. MEMC Electronic Materials Inc. (WFR US) added 7.8 percent to $11.69. Novellus Systems Inc. (NVLS US) rose 5.5 percent to $28.47. Taiwan Semiconductor’s American depositary receipts (TSM US) climbed 4.3 percent to $10.27.

Amkor Technology Inc. (AMKR US) increased 8.7 percent to $6.89, the highest since May 27. The provider of packaging and tests for semiconductors was raised to “buy” from “hold” at Deutsche Bank AG.

Anadarko Petroleum Corp. (APC US) rose 6.5 percent to $44.71. BP Plc (BP US) said it intends to begin burning oil and natural gas from its leaking well on a customized drilling rig today, aiming to keep another 10,000 barrels of petroleum from spilling into the Gulf of Mexico daily. Anadarko owns a 25 percent stake in BP’s well.

Transocean Ltd. (RIG US), which leased to BP the Deepwater Horizon oil rig that exploded and sank, advanced 8.3 percent to $48.51. BP rose 2.4 percent to $31.40.

Atricure Inc. (ATRC US) surged 20 percent to $6.30, the highest price since October 2008. The maker of surgical devices designed to create precise lesions in soft tissues said its AtriClip system won clearance from the U.S. Food & Drug Administration.

Best Buy Co. (BBY US) lost 6.0 percent to $38.58 for the biggest retreat in the Standard & Poor’s 500 Index. The world’s largest consumer-electronics retailer reported first-quarter profit excluding some items of 36 cents a share, missing the average analyst estimate according to Bloomberg data by 29 percent. Best Buy said it plans to let customers trade in their used video games at more than 1,000 U.S. stores to grab sales from competitors.

GameStop Corp. (GME US) fell the second-most in the S&P 500, sliding 5.4 percent to $20.71. The video-game retailer was cut to “hold” from “buy” at Standpoint Research.

Boeing Co. (BA US) gained 4.1 percent to $67.48 for the second biggest gain in the Dow Jones Industrial Average. The maker of world’s most widely flown jetliner plans to boost production of its best-selling 737 jet by an additional 3 percent, the second increase in as many months as airlines recover from the recession and add to the plane’s $138 billion order backlog.

British Sky Broadcasting Plc. (BSYBY US) surged 17 percent, the most since February 2000, to $41.25. News Corp. (NWSA US), the media company led by Rupert Murdoch, said it plans to raise about $4 billion in debt to fund its 7.8 billion-pound ($11.5 billion) offer for BSkyB. BSkyB has asked for the bid to be raised by at least 14 percent. News Corp. advanced 9.6 percent to $14.37 for the second-biggest gain in the S&P 500.

Callaway Golf Co. (ELY US) dropped 8.3 percent, the most since July 2009, to $6.97. The maker of Big Bertha golf clubs was cut to “market perform” from “outperform” at JMP Securities LLC.

CBOE Holdings Inc. (CBOE US) rallied 12 percent to $32.49 on the first day of trading. The last major U.S. securities exchange owned by its members completed its transformation into a public company with an initial public offering that snapped a two-week drought in American IPOs. The operator of the biggest options exchange raised $339 million selling 11.7 million shares at $29 each.

Central European Media Enterprises Ltd. (CETV US) rose 15 percent to $23.85 for the biggest advance in the Russell 1000 Index. The Prague-based television broadcaster was upgraded by Erste Group Bank AG to “buy” from “reduce” on expansion in Bulgaria and prospects for recovery in the ad market.

Ener1 Inc. (HEV US) jumped 13 percent, the most since June 2009, to $3.42. The maker of electric-car batteries was rated new “buy” yesterday at Needham & Co. Inc. by equity analyst Michael Lew. The 12-month price estimate is $6 a share.

First Solar Inc. (FSLR US) had the fourth-biggest gain in the S&P 500, adding 9 percent to $117.24. The world’s largest manufacturer of thin-film solar power modules will likely rise to $130, CLSA said, initiating coverage of the stock with an “outperform” rating.

Furiex Pharmaceuticals Inc. (FURX US) fell 15 percent to $9.30 for the biggest drop in the Russell 1000 Index. The drug development company said it completed its spin-off from PPD Inc. (PPDI US) and received $100 million in cash prior to the move. PPD added 1.1 percent to $26.32.

Korn/Ferry International (KFY US) rallied 15 percent, the most since July 2002, to $16.09. The executive-search firm posted fourth-quarter profit excluding some items of 19 cents a share, topping the average analyst estimate by 48 percent, according to Bloomberg data.

La-Z-Boy Inc. (LZB US) dropped 17 percent, the most since May 2009, to $10.32. The maker of living-room recliners’ CEO Kurt Darrow said the company remains “cautious” going into fiscal 2011.

Microsoft Corp. (MSFT US) advanced 4.3 percent to $26.58 for the biggest gain in the Dow Jones Industrial Average. The world’s biggest software maker’s released Office 2010, a new version of Microsoft Office which is the world’s most widely used productivity software.

Smart Balance Inc. (SMBL US) fell 24 percent to $3.91, the lowest price since at least January 2006. The maker of lower- cholesterol butter and cheese lowered its expectations for net sales growth this year to a range of 2 percent to 4 percent from a previous forecast in the mid-teens.

To contact the reporter on this story: Esmé E. Deprez in New York at edeprez@bloomberg.net

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