Corning, Intuitive Surgical, Somaxon: U.S. Equity Preview
Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses, and prices are as of 7:45 a.m. in New York.
Allied Irish Banks Plc (AIB US) fell 4.8 percent to $1.98. The Irish lender was removed from the benchmark Stoxx Europe 600 Index, Stoxx Ltd. said.
Applied Materials Inc. (AMAT US) lost 0.4 percent to $10.55. The world’s largest producer of chipmaking equipment was cut to “moderate underperform” at First Global, which said sales growth will slow.
Corning Inc. (GLW US) rose 2.2 percent to $16.07. The world’s biggest maker of glass for flat-panel televisions was raised to “outperform” from “perform” at Oppenheimer & Co.
Dynegy Inc. (DYN US): The U.S. power producer that agreed this month to be acquired by Blackstone Group LP gained after Sparkspread.com reported that a private-equity firm is considering making a competing bid.
Intuitive Surgical Inc. (ISRG US) gained 1.1 percent to $272.01. The maker of systems that control surgical instruments during surgery was upgraded to “outperform” from “market perform” by Wells Fargo & Co., which also raised its share valuation range to $340 to $360 from $285 to $325.
Northern Oil and Gas Inc. (NOG US): Board member Lisa Meier sold 22,314 shares of the exploration and production company focused on the U.S. Rocky Mountain region at $14.39 each, according to a filing with the U.S. Securities and Exchange Commission.
Pacific Sunwear of California Inc. (PSUN US): The athletic apparel retailer forecast a third-quarter loss of as much as 16 cents a share, wider than the 11 cent loss estimated on average by 12 analysts in a Bloomberg survey.
Somaxon Pharmaceuticals Inc. (SOMX US) rose 34 percent to $4.50. The San Diego-based drugmaker said it and Procter & Gamble Co. have entered into a co-promotion agreement for Silenor, an insomnia treatment.
Procter & Gamble (PG US) rose 0.7 percent to $60.10.
VeriFone Systems Inc. (PAY US) advanced 2.6 percent to $23. The provider of electronic payment technology raised its fiscal 2010 profit forecast to as much as $1.27 a share, higher than the $1.15 average of seven estimates in a Bloomberg survey.
To contact the reporter on this story: Whitney Kisling in New York at email@example.com.
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