Shares of the following companies are having unusual moves in U.S. trading. Stock symbols are in parentheses, and prices are as of 11:45 a.m. in New York.
Aaron’s Inc. (AAN US) rose 14 percent to $23.29 after jumping to $23.45 earlier, the highest intraday price since April 30. 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 US) rallied 5.8 percent to $56.52 and climbed 6.9 percent earlier, the most intraday 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 US) rose 4.2 percent to $94 after advancing to $94.40 earlier, the highest intraday price since August 2008. The Allentown, Pennsylvania-based company dropped its $5.9 billion hostile bid for Airgas Inc. (ARG US) after a Delaware judge upheld the packaged-gas supplier’s main anti-takeover defense.
American Capital Ltd. (ACAS US) rose 8.4 percent to $9.45 and rallied to $9.70 earlier, the highest intraday 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.
Bob Evans Farms Inc. (BOBE US) fell 8 percent to $31.35 and declined 8 percent earlier, the most intraday since May 6. 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 US) rose 3.4 percent to $24.97 and increased to $25.13 earlier, the highest intraday price since September 2007. 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 US) jumped 6.2 percent to $10.40 and rallied to $10.78 earlier, the highest intraday price since Oct. 6. 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.
Deere & Co. (DE US) gained 1.3 percent to $94.85 and climbed to $97.36 earlier, the highest intraday price since at least 1980. The world’s largest farm-equipment maker forecast 2011 net income of $2.5 billion in the year ending Oct. 31, a 19 percent increase from the company’s previous estimate in November.
Dell Inc. (DELL US) gained 9.6 percent to $15.25 and jumped 11 percent earlier for the biggest intraday rally since December 2008. 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.
Denny’s Corp. (DENN US) declined 3.3 percent to $3.95 and slipped 14 percent earlier, the most intraday since October 2009. The restaurant company said it is planning to cut pricing on loans it issued in September to refinance debt.
Family Dollar Stores Inc. (FDO US) soared 23 percent to $54.15 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 US) jumped 6 percent to $13.59 and climbed 8 percent earlier, the most intraday since March 26. The discount store operator was raised to “overweight” from “neutral” by JPMorgan Chase & Co.
FXCM Inc. (FXCM US) fell 11 percent to $12.13 and dropped 12 percent earlier, the most intraday since Dec. 2. The provider of an Internet currency trading service for individual investors was cut to “hold” from “buy” at Citigroup Inc.
Gerova Financial Group Ltd. (GFC US) slumped 25 percent to $6.98 and tumbled to $6.71 earlier, the lowest intraday price since February 2008. 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 US) rallied 11 percent to $4.94 after rising as much as 15 percent, the most intraday since Dec. 22. The oil and gas exploration company was rated “market outperform” in new coverage at Howard Weil Inc.
JDS Uniphase Corp. (JDSU US) rose 6.8 percent to $26.75 for the third-biggest gain in the S&P 500. 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 US) gained 20 percent to $9.94 and jumped 21 percent earlier, the most intraday since November 2009. 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.
OfficeMax Inc. (OMX US) slipped 7.5 percent to $15.78 and declined 9.1 percent earlier, the most intraday since Aug. 11. The U.S. office-supplies retailer forecast sales in the first quarter will be lower than a year earlier.
Penske Automotive Group Inc. (PAG US) rallied 5.5 percent to $21.25 and jumped to $22.10 earlier, the highest intraday price since April 2008. 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 US) rose 16 percent to $9.50 and advanced to $9.85 earlier, the highest intraday 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 US) declined 13 percent to $20.96 and slumped 17 percent earlier, the most intraday since May 20. 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. (RIMM US) rose 3.8 percent to $67.78 and advanced to $67.92 earlier, the highest intraday price since May 13. 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 US) fell 5.3 percent to $61.04 and dropped 6.8 percent earlier, the most intraday since May 6. 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.
Syneron Medical Ltd. (ELOS US) jumped 17 percent to $13.71 after rising to $14.14 earlier, the highest intraday price since September 2008. 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 to $16.29 and rallied as much as 16 percent, the most intraday since October 2008. 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.
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