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.
Aaron’s Inc. (AAN) rose 17 percent to $23.84, the highest price since 1992. The furniture manufacturer and retailer forecast first-quarter profit excluding some items of as much as 52 cents a share, above the 49-cent average analyst estimate, according to Bloomberg data.
Abercrombie & Fitch Co. (ANF) rallied 7.6 percent to $57.46 for the biggest gain since Dec. 2. The teen retailer reported fourth-quarter adjusted earnings of $1.38 a share, beating the $1.32 average estimate of analysts.
Air Products & Chemicals Inc. (APD) rose 4.9 percent to $94.61, the highest price since July 2008. The Allentown, Pennsylvania-based company dropped its $5.9 billion hostile bid for Airgas Inc. (ARG) after a Delaware judge upheld the packaged-gas supplier’s main anti-takeover defense.
American Capital Ltd. (ACAS) rose 7.9 percent to $9.41, the highest price since November 2008. The Bethesda, Maryland-based private-equity investor and asset manager posted fourth-quarter profit from continuing operations of 19 cents a share, beating the 17-cent average analyst estimate in a Bloomberg survey.
Amgen Inc. (AMGN) slipped 1.7 percent to $52.95, the lowest price since Nov. 30. The world’s largest biotechnology company fell on concern that the Food and Drug Administration may lower the targets for its Epogen label, according to ISI Group Inc.
Bob Evans Farms Inc. (BOBE) fell 6.3 percent, the most since August 2009, to $31.92. The restaurant owner and sausage maker reaffirmed its 2011 sales forecast of $1.7 billion. Analysts are on average estimating sales of $1.68 billion, according to a Bloomberg survey.
Comcast Corp. (CMCSA) rose 4 percent, the most since Sept. 1, to $25.13. The New York area cable-TV provider reported fourth-quarter adjusted profit of 35 cents a share, beating the 32-cent average estimate of analysts.
Dean Foods Co. (DF) jumped 6.6 percent to $10.44 for the biggest gain since Jan. 7. The biggest U.S. dairy processor reported fourth-quarter profit excluding some items of 15 cents a share, beating the average analyst estimate by 4.2 percent.
Dell Inc. (DELL US) gained 12 percent, the most since December 2008, to $15.56. The world’s third-largest personal-computer maker reported fourth-quarter profit excluding some costs of 53 cents a share, exceeding by 44 percent the average of estimates from analysts surveyed by Bloomberg.
Family Dollar Stores Inc. (FDO) soared 21 percent to $53.25 for the biggest gain in the Standard & Poor’s 500 Index. Nelson Peltz’s Trian Group offered to acquire the second-biggest dollar-store chain in the U.S. for $55 to $60 a share, according to a regulatory filing. Trian believes it’s the largest shareholder of Family Dollar with a stake of about 8 percent, according to the filing.
Fred’s Inc. (FRED) jumped 7.4 percent, the most since March 26, to $13.77. The discount store operator was raised to “overweight” from “neutral” by JPMorgan Chase & Co.
FXCM Inc. (FXCM) fell 12 percent to $12.05, the biggest slide since its December initial public offering. The provider of an Internet currency trading service for individual investors was cut to “hold” from “buy” at Citigroup Inc.
Gerova Financial Group Ltd. (GVFG) slumped 31 percent, the most since June 28, to $6.39. The reinsurer said Dennis L. Pelino withdrew from consideration as chairman and president after he and the company were unable to reach agreement on the terms of his appointment.
Hyperdynamics Corp. (HDY) rallied 13 percent, the most since Jan. 6, to $5.03. The oil and gas exploration company was rated “market outperform” in new coverage at Howard Weil Inc.
JDS Uniphase Corp. (JDSU) rose 5.6 percent to $26.46, erasing part of the biggest decline since Oct. 28 yesterday. The biggest U.S. network-analysis company represents “a story with leading and improving market positions in industries with attractive and secularly improving prospects” and concerns over its valuation and profit margin were overdone, Stifel Nicolaus & Co. analyst Ajit Pai wrote in a note.
La-Z-Boy Inc. (LZB) gained 29 percent, the most since June 2009, to $10.66. The maker of living-room recliners posted fiscal third-quarter profit excluding some items of 12 cents a share, beating the average analyst estimate of 10 cents a share, according to a Bloomberg survey.
NYSE Euronext (NYX US) slipped 3.7 percent to $36.72, the biggest decline in the S&P 500. The operator of the New York Stock Exchange was sued by a shareholder seeking to block a planned $9.53 billion sale to Deutsche Boerse AG. The deal, which would create the world’s largest owner of equities and derivatives markets, was announced yesterday.
OfficeMax Inc. (OMX US) slipped 10 percent, the most since Aug. 3, to $15.35. The U.S. office-supplies retailer forecast sales in the first quarter will be lower than a year earlier.
Owens Corning Inc. (OC) advanced 7.6 percent, the most since May 10, to $36.44. The U.S. maker of insulation said it expects housing starts to improve in the second half of this year. The company also posted adjusted earnings-per-share and sales that beat analyst estimates, according to Bloomberg data.
Penske Automotive Group Inc. (PAG) rallied 4.2 percent to $21, the highest price since August 2009. The auto seller reported fourth-quarter earnings of 32 cents a share on an adjusted basis, beating the average analyst estimate of 26 cents, Bloomberg data show.
Photronics Inc. (PLAB) rose 16 percent to $9.46, the highest price since May 2008. The maker of imaging technology said that excluding some items it earned 20 cents a share in the first quarter, beating the average analyst estimate by 38 percent, according to Bloomberg data.
ReachLocal Inc. (RLOC) declined 12 percent, the most since May 19, to $21.28. The company that helps businesses buy online advertising reported an adjusted fourth-quarter loss of 11 cents a share, compared with the average analyst estimate of a 16 cent per-share loss.
Research In Motion Ltd. (BB) rose 4.7 percent to $68.35, the highest price since May 5. The maker of the BlackBerry was raised to “buy” from “sell” at Citigroup Inc., which said the company will benefit from the “commotion” caused by Nokia Oyj’s (NOK US) alliance with Microsoft Corp. (MSFT US).
Rovi Corp. (ROVI) fell 6.7 percent to $60.15, the lowest price since Dec. 29. The digital entertainment technology company forecast 2011 profit in a range of $2.20 to $2.50 a share. Analysts are estimating $2.51 a share on average, according to a Bloomberg survey.
Sirius XM Radio Inc. (SIRI) rose 7.4 percent, the most since Dec. 22, to $1.81. The satellite radio broadcaster was raised to “buy” at BGB Securities Inc. and Janco Partners Inc.
Syneron Medical Ltd. (ELOS) jumped 21 percent, the most since its IPO in August 2004, to $14.10. The maker of medical products said that, excluding some items, it earned 10 cents a share in the fourth quarter. Analysts, on average, estimated a profit of less than 1 cent a share, according to a Bloomberg survey.
ValueClick Inc. (VCLK US) gained 10 percent, the most since March 2009, to $16.29. The Internet advertising company forecast first-quarter sales of at least $111 million, beating the average analyst estimate of $107.9 million in a Bloomberg survey.
Warren Resources Inc. (WRES) slumped 10 percent, the most since October 2009, to $4.70. The developer of oil and gas properties was cut to “underweight” at KeyBanc Capital Markets Inc. and “sector perform” at RBC Capital Markets Corp.
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