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.
Homebuilder shares rose after the National Association of Realtors reported purchases of existing houses jumped 12 percent in December to a 5.28 million annual rate, the most since May and exceeding the highest estimate of economists surveyed by Bloomberg News. D.R. Horton Inc. (DHI US) rose 0.6 percent to $12.91. Pulte Group Inc. (PHM US) climbed 1.2 percent to $8.38.
Home Depot Inc. (HD US), the largest U.S. home-improvement retailer, gained 2.4 percent to $36.49, the biggest gain in the Dow Jones Industrial Average. Lowe’s Cos. (LOW US) rose 3.7 percent to $25.30.
American International Group Inc. (AIG US) rose 1 percent to $43.18, the highest price this week. The insurer’s SunAmerica Financial Group unit has “a lot of momentum,” the Wall Street Journal reported, citing the unit’s chief executive officer Jay Wintrob.
Dillard’s Inc. (DDS US) rallied 12 percent to $41.96 for the biggest increase in the Russell 2000 Index. The Little Rock, Arkansas-based department store chain said it will form a subsidiary that will operate a real estate investment trust.
Other department stores also gained. The announcement by Dillard’s “could force a reappraisal of the negative stance” toward the industry and put “significant attention” on the value of their retail real estate, Credit Suisse Group AG analyst M. Exstein wrote in a note to clients.
Sears Holdings Corp. (SHLD US) climbed 5.2 percent to $75.90, the highest price since Oct. 26. J.C. Penney Co. (JCP US) advanced 3.5 percent to $30.10. Macy’s Inc. (M US) added 3 percent to $23.4.
EBay Inc. (EBAY US) rallied 5.8 percent to $30.77, the highest price since Nov. 26. The owner of the largest e-commerce market said sales in 2011 will be as high as $10.6 billion. Excluding stock-option costs and other expenses, profit will be $1.90 to $1.95 a share. Analysts in a Bloomberg survey projected, on average, revenue of $10.2 billion and earnings of $1.86 a share.
F5 Networks Inc. (FFIV US) tumbled 21.4 percent to $109.15 for the biggest retreat in the S&P 500. The maker of software to handle Internet traffic and content forecast second-quarter revenue of as little as $275 million, less than the average analyst forecast of $281.1 million.
Competitors also dropped. Blue Coat Systems Inc. (BCSI US) fell 6 percent to $28.41. Riverbed Technology Inc. (RVBD US) slid 4.1 percent to $35.44. Juniper Networks Inc. (JNPR US) declined 5.2 percent to $34.99. Salesforce.com Inc. (CRM US) erased 6.4 percent to $131.79.
Freeport-McMoRan Copper & Gold Inc. (FCX US) fell 4.3 percent to $110.90, the lowest price since Dec. 9. The world’s largest publicly traded copper producer reduced its copper and gold sales forecasts for 2011 because of lower expected output from its Grasberg mine in Indonesia.
ITT Educational Services Inc. (ESI US) advanced 10.7 percent to $69.48, the highest price since Oct. 1. The operator of more than 125 for-profit college campuses said fourth-quarter net income climbed to $3.14 a share. That result beat the $3.09 average of 12 analysts’ estimates compiled by Bloomberg.
MannKind Corp. (MNKD US) plunged 32.3 percent to $6.17 for the biggest loss in the Russell 2000 Index. The biotechnology company founded by billionaire inventor Alfred Mann, failed to win approval from U.S. regulators to market its first product, an inhaled insulin called Afrezza for diabetes.
Morgan Stanley (MS US) rose 4.6 percent to $29.02, the highest price since May 5. The bank advanced after reporting a 35 percent increase in fourth-quarter earnings on record revenue from its brokerage, the world’s biggest. Revenue rose to $7.81 billion from $6.84 billion a year earlier. On average, analysts surveyed by Bloomberg estimated revenue of $7.32 billion.
Netflix Inc. (NFLX US) slid 3 percent to $185, the lowest price since Jan. 7. The DVD-rental and streaming company fell after Amazon.com Inc. agreed to buy the remaining shares of LoveFilm International Ltd., a U.K.-based DVD and online rental service.
Perrigo Co. (PRGO US) climbed 7.4 percent to $71.18, the highest price since it went public in Dec. 1991. The maker of over-the-counter drugs and infant formulas agreed to buy the assets of closely held Paddock Laboratories Inc. for $540 million in cash to expand in generic medicines.
Plexus Corp. (PLXS US) retreated 5.4 percent to $29, the lowest price since Dec. 20. The contract electronics manufacturer reduced its sales forecast, projecting growth of 13 percent at most in fiscal 2011.
Rackspace Hosting Inc. (RAX US) slipped 11 percent to $29.78, the lowest price since Dec. 2. The web-based IT system delivery company was cut to “neutral” from “overweight” at Piper Jaffray Cos.
Seagate Technology Plc (STX US) declined 5.8 percent to $13.31, the lowest price since Oct. 14. The world’s largest maker of computer disk drives reported second-quarter profit that missed analysts’ estimates as customers shunned machines based on its kind of memory, favoring rival technology.
SolarWinds Inc. (SWI US) fell 2.4 percent to $19.50, the lowest price since Dec. 31. The provider of network management software was cut to “hold” from “buy” at Noble Financial Group Inc.
Southwest Bancorp Inc. (OKSB US) rallied 11 percent to $13.64, the highest price since Aug. 5. The holding company for Stillwater National Bank & Trust Co. reported fourth-quarter earnings excluding some items that more than doubled the average analyst estimate, according to Bloomberg data.
Visa Inc. (V US) jumped 2.3 percent to $70.69, the highest price since Jan. 18. U.S. Representative Barney Frank, one of the authors of the financial regulatory overhaul, said he is ready to work with the Republican majority to force changes in a Federal Reserve proposal to cap debit-card “swipe” fees. The Fed’s proposed limits could reduce annual revenue for U.S. banks by more than $12 billion.
VMware Inc. (VMW US) slid 3.8 percent to $89.31, the lowest price since Dec. 31. The biggest maker of programs that let computers run multiple operating systems was rated “neutral” in new coverage at Collins Stewart Plc. The 12-month price estimate is $92 a share.
Washington Post (WPO US) climbed 2.3 percent to $433.25, the highest price since Jan. 7, after billionaire Warren E. Buffett, chairman of Berkshire Hathaway, said he is retiring from its board after 37 years. Berkshire Hathaway is the largest shareholder.
Wendy’s/Arby’s Group Inc. (WEN US) climbed 6.9 percent to $4.78, the highest price since Dec. 14. The third-biggest U.S. hamburger chain plans to explore a possible sale of the Arby’s brand. UBS AG will help in the process, the Atlanta-based company said today in a statement. The chain, known for its roast beef sandwiches, has almost 3,700 restaurants in the U.S.
To contact the reporters on this story: Jennifer A. Johnson in New York at Jjohnson156@bloomberg.net or
To contact the editor responsible for this story: Nick Baker at firstname.lastname@example.org.