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.
Energy and raw-materials producers declined on concern China may step up measures to curb inflation. Alcoa Inc. (AA) dropped 2.8 percent to $13.03. Exxon Mobil Corp. (XOM) erased 2.2 percent to $68.94. Freeport-McMoRan Copper & Gold Inc. (FCX) slid 4.3 percent to $97.61. Consol Energy Inc. (CNX) slipped 4.9 percent to $39.87. Chevron Corp. (CVX) decreased 2 percent to $82.48.
Casino stocks fell after the Xinhua News Agency reported that Macau will tighten control of the number of new casinos, gaming tables and slot machines, citing the city’s Chief Executive Fernando Chui. MGM Resorts International (MGM) retreated 4.3 percent to $12.37. Las Vegas Sands Corp. (LVS) lost 5.8 percent to $46.24. Boyd Gaming Corp. (BYD) dropped 6 percent to $8.62. Melco Crown Entertainment Ltd. (MPEL) erased 4.3 percent to $6.09.
Anthera Pharmaceuticals Inc. (ANTH) slumped 7.4 percent to $5.67 for the biggest decline since Oct. 19. The biopharmaceutical company said it placed a voluntary hold on PEARL-SC, the Phase 2b study of A-623 for the treatment of Systemic Lupus Erythematosus, due to problems found with product vials.
Dick’s Sporting Goods Inc. (DKS) had the biggest advance in the Russell 1000 Index, climbing 12 percent to $33.51. The Coraopolis, Pennsylvania-based chain reported third-quarter adjusted earnings of 22 cents a share, beating the 17-cent average estimate. The company also raised its full-year earnings forecast to at least $1.56 a share, from a previous projection of no more than $1.49 a share.
El Paso Pipeline Partners LP (EPB) fell 5 percent, the most since June 2009, to $32.75. The Houston-based owner and operator of natural gas pipelines priced a public offering of 10.5 million units at $33.45 each.
Home Depot Inc. (HD) gained 1 percent to $31.71 for the biggest increase in the Dow Jones Industrial Average. The largest U.S. home-improvement retailer said third-quarter profit excluding some items was 51 cents a share, beating the 48 cent average of analyst estimates compiled by Bloomberg.
Honeywell International Inc. (HON) added 1.8 percent to $48.44 for the third-biggest increase in the Standard & Poor’s 500 Index. The maker of controls for planes and buildings said it is shifting its pension accounting to a mark-to-market method to better align with other U.S. industrial companies.
Iron Mountain Inc. (IRM) slipped 3.5 percent to $22 for the biggest decline since Oct. 28. Warren Buffett’s Berkshire Hathaway Inc. eliminated a stake in the provider of records management, according to a regulatory filing.
Jacobs Engineering Group Inc. (JEC) slipped 5 percent, the most since July 27, to $39.95. The second-largest publicly traded U.S. engineering company reported fourth-quarter sales of $2.34 billion, trailing the average analyst estimate by 7.7 percent, according to Bloomberg data.
Mattel Inc. (MAT) rose 3.3 percent to $24.33, the highest price since July 2007. Billionaire Carl Icahn bought 2.4 million shares of the toy manufacturer in the third quarter, a regulatory filing showed.
Mela Sciences Inc. (MELA) plunged 54 percent to $2.92 for the biggest loss in Russell 2000 Index. A U.S. Food and Drug Administration staff report said the company’s MelaFind hasn’t been adequately studied as a skin-cancer diagnostic tool and therefore may put the public health at risk.
NeoStem Inc. (NBS) fell 17 percent, the most since June 25, to $1.39. The company that stores adult stem cells for future therapeutic use said it’s selling $19 million of shares and warrants.
Noranda Aluminum Holding Corp. (NOR) dropped 13 percent to $11.29 for the biggest decline since its initial public offering in May. The producer of aluminum products said it plans to sell as many as 11.5 million shares.
Orient Paper Inc. (ONP) gained 20 percent, the most since July 2, to $5.54. The Chinese manufacturer and distributor of diversified paper products said it expects fourth-quarter revenue to increase to $33 million from $23 million in the previous three months.
Perfect World Co. (PWRD) sank 17 percent, the most since May 17, to $26.03. The Beijing-based online game developer was cut to “underperform” by Credit Suisse Group AG and “sell” by Citigroup Inc.
QKL Stores Inc. (QKLS) dropped 23 percent, the most since April 2009, to $4.20. The Chinese supermarket owner said it earned 3 cents a share in the third quarter. That’s half the average analyst estimate in a Bloomberg survey.
Regions Financial Corp. (RF) fell 4.5 percent to $5.92, the lowest price since Jan. 6. The Alabama bank said Chief Risk Officer Bill Wells resigned. Michael Willoughby, director of credit risk, retired and Tom Neely, head of problem asset management, left the company.
Regis Corp. (RGS) slumped 13 percent, the most since July 2009, to $18.02. The New York Post reported the hair salon operator may sell for less than the trading price.
RightNow Technologies Inc. (RNOW US) fell 8.3 percent, the most since Feb. 4, to $24.53. The Web-based customer service provider announced a $125 million 20-year convertible senior notes offering.
Skystar Bio-Pharmaceutical Co. (SKBI) rose 7.9 percent to $8.99, the highest price since May 17. The producer of veterinary drugs reported third-quarter profit excluding some items of 92 cents a share. That’s higher than the 53 cents a share estimated by Hudson Securities Inc.
Travelers Cos. (TRV) fell the most in the Dow Jones Industrial Average, sinking 3.6 percent to $54.73, following a selloff in municipal bonds. The New York-based insurer held municipal debt valued at $41.4 billion at the end of third quarter.
TRW Automotive Holdings Corp. (TRW) slid 5.7 percent to $46.71 for the biggest decline since Aug. 19. The world’s biggest supplier of vehicle-safety equipment announced a public offering of 10 million shares held by Automotive Investors LLC, an affiliate of the Blackstone Group LP, and certain members of TRW management. TRW won’t receive any proceeds related to the offering.
Urban Outfitters Inc. (URBN) rallied 12 percent to $36.64 for the biggest advance in the S&P 500. The clothing and housewares retailer reported third-quarter earnings that beat the average analysts’ estimate by 1 cent.
J. Crew Group Inc. (JCG US), also a clothing retailer, gained 4.2 percent to $35.35.
Yongye International Inc. (YONG US) rose 5.2 percent, the most since Aug. 17, to $8.53. The Chinese seller of plant nutrients increased its 2010 forecast, projecting sales of at least $200 million. That topped the average analyst estimate of $185.6 million in a Bloomberg survey.
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