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.
Charles Schwab Corp. (SCHW US), TD Ameritrade Holding Corp. (AMTD US) and E*Trade Financial Corp. (ETFCD US) shares fell after the Wall Street Journal reported that Bank of America Corp.’s Merrill Lynch division is beginning a competing online brokerage.
Schwab lost 2.4 percent to $15.40, the lowest price since April 2009. TD Ameritrade fell 3.7 percent to $16.99, the lowest price since Feb. 11. E*Trade retreated 3.3 percent to $13.69.
Anadigics Inc. (ANAD US) climbed 21 percent, the most since April 2009, to $4.82. The maker of chips for cell phones was upgraded to “buy” from “hold” by Stifel Nicolaus.
Cirrus Logic Inc. (CRUS US) rose 9.7 percent to $17, the highest price since April 2002. Chief Executive Officer Jason Rhode told CNBC that the company, whose biggest customer is Apple Inc. (AAPL US), boosted inventory to meet demand.
DirecTV (DTV US) slid 3.9 percent to $37.79, the first decline in four days. The largest U.S. satellite-TV provider was cut to “market perform” from “outperform” by Wells Fargo & Co.
Discovery Laboratories Inc. (DSCO US) fell the most in the Russell 2000 Index, plunging 31 percent to 25 cents. The biopharmaceutical company said it priced 35.7 million units at 28 cents each to raise $10 million.
First Solar Inc. (FSLR US) climbed 3.9 percent to $123.45, the highest price since May 13. The world’s largest manufacturer of thin-film solar power modules was raised to “outperform” from “neutral” at Credit Suisse Group AG.
IHS Inc. (IHS US) rose 6.4 percent to $59.15, the highest price since September 2008. The data provider forecast 2010 earnings excluding some items of $2.90 a share. On average, the analysts surveyed by Bloomberg estimate profit of $2.89 a share.
J.M. Smucker Co. (SJM US) gained 6.6 percent to $61.55 for the second-biggest advance in the S&P 500. The maker of Smucker’s jams and Jif peanut butter said it expects profit in fiscal 2011 of at least $4.50 a share, excluding some items. That exceeds the average estimate of $4.39 by analysts in a Bloomberg survey.
M&T Bank Corp. (MTB US) rose the most in the S&P 500, jumping 9 percent to $89.34. Banco Santander SA (SAN SM) said it has made no decision on whether to combine its business with of the U.S. bank. Matias Inciarte, the Spanish lender’s third vice- chairman said “it’s been said” that there have been conversations between the two banks.
Smithfield Foods Inc. (SFD US) slipped 6.7 percent, the most since Oct. 1, to $16.35. The world’s largest pork processor offered about $200 million for control of Butterball LLC, the largest U.S. turkey producer, by buying out its joint venture partner.
Toll Brothers Inc. (TOL US) fell 4 percent to $18.03, the lowest price since Dec. 15. The largest U.S. luxury homebuilder said deposits have been running 20 percent behind the year- earlier period in the past three weeks as the Gulf oil spill and European debt crisis hurt buyer confidence.
Other homebuilders and housing-related shares also declined. Bed Bath & Beyond Inc. (BBBY US) fell the most in the S&P 500, erasing 7.6 percent to $41.70. Lowe’s Cos (LOW US) lost 2.2 percent to $22.68. KB Home (KBH US) declined 3 percent to $12.54. D.R. Horton Inc. (DHI US) erased 2.7 percent to $10.94. Pulte Group Inc. (PHM US) slipped 2.5 percent to $9.51.
Winnebago Industries Inc. (WGO US) rallied 12 percent, the most since Dec. 17, to $12.40. The Forest City, Iowa-based motor-home maker posted fiscal third-quarter profit excluding some items of 21 cents a share, compared with the 3 cents that analysts estimated on average in a Bloomberg survey.