Capstead, KV, National Semiconductor, PG&E, Transocean: 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.
Aceto Corp. (ACET US) rose 6.2 percent, the most since July 13, to $6.48. The maker of chemicals for drugs and agriculture posted fourth-quarter profit excluding some items of 17 cents a share, beating Sidoti & Co.’s estimate of 10 cents, according to a Bloomberg survey.
American Eagle Outfitters Inc. (AEO US) climbed 6.6 percent to $14.34, the highest price since May 25. Chairman Jay Schottenstein on Sept. 8 bought 500,000 shares in the young- adult clothing retailer, according to a regulatory filing.
Capstead Mortgage Corp. (CMO US) fell 6.4 percent, the most since January 2009, to $11.05. The real-estate investment trust that holds mostly adjustable-rate mortgage securities cut its dividend to 26 cents a share for the third quarter from 36 cents.
Crocs Inc. (CROX US) fell 4.3 percent to $11.13, the lowest price since July 21. The maker of perforated plastic clogs reiterated its third-quarter profit excluding some items of 22 to 24 cents a share. That compares with the average analyst estimate of 24 cents a share, according to data compiled by Bloomberg.
KV Pharmaceutical Co. (KV/A US) surged 74 percent, the most since December 1991, to $2.94. The drugmaker said it received approval from the U.S. Food and Drug Administration to return its first product to market and expects to begin shipping its potassium medicine, Micro-K, next week.
Watson Pharmaceuticals Inc. (WPI US), which makes a generic copy that substitutes for KV’s Micro-K, declined 4.1 percent to $43.08.
Lululemon Athletica Inc. (LULU US) jumped 13 percent, the most since June 2009, to $40.53. The Canadian yoga-wear retailer reported profit that exceeded analysts’ estimates and raised its forecasts for the year.
Medicines Co. (MDCO US) advanced 6 percent to $13.96, the highest price since February 2009. Fresenius SE’s APP Pharmaceuticals unit won’t be allowed to appeal Medicines’ legal victory related to the patent term for anticoagulant Angiomax.
Moody’s Corp. (MCO US) rose 5.9 percent to $24.95, the highest price since May 3. The credit-ratings company was raised to “overweight” from “neutral” at Piper Jaffray Cos.
National Semiconductor Corp. (NSM US) fell 6.4 percent, the most since March 2009, to $12.08. The maker of analog chips that control power in electronic devices forecast second-quarter sales of $415 million at most, trailing the average analyst estimate of $420.6 million in a Bloomberg survey.
PG&E Corp. (PCG US) fell 8.4 percent, the most since October 2008, to $44.21. The San Francisco-based utility owner said one of its natural-gas line ruptured, causing an explosion yesterday. The fire killed at least four people and destroyed 38 homes.
Smith & Wesson Holding Corp. (SWHC US) fell 7.8 percent, the most since March 12, to $3.65. The handgun manufacturer said it expects $102 million in second-quarter sales, missing the average analyst estimate of $116 million.
Transocean Ltd. (RIG US) rallied 6.4 percent to $58.82, the highest price since May 27. The owner of the rig that exploded in the Gulf of Mexico’s legal liability for the accident may be less than the $6 billion to $7 billion already discounted in the stock, according to a report from FBR Capital Markets.
TRW Automotive Holdings Corp. (TRW US) fell 5.2 percent, the most since Aug. 19, to $34.96. The supplier of vehicle- safety equipment said some executives and a Blackstone Group LP affiliate plan to sell 7.5 million shares.