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.
Solar and wind power stocks rallied for a second day on speculation that clean energy will benefit in the aftermath of Japan’s nuclear-reactor accident.
First Solar Inc. (FSLR) added 8.2 percent to $158.91 for the biggest gain in the Standard and Poor’s 500 Index. Trina Solar Ltd. (TSL) gained 8.8 percent to $28.28. LDK Solar Co. (LDK US) rose 9.3 percent to $12.66. SunPower Corp. (SPWRA) jumped 11 percent to $16.07, the second-biggest gain the Russell 1000 Index.
Broadwind Energy Inc. (BWEN) rose 10 percent to $1.38. The maker of wind towers reported fourth-quarter revenue of $47.6 million, beating the average analyst estimate of $46.9 million, Bloomberg data show.
Retailers with operations in Japan declined on speculation that store closures and shortened hours will reduce sales. Coach Inc. (COH) fell 2.5 percent to $52.02. The maker of luxury handbags shut 20 of its 165 stores in Japan and cut staff and shortened hours at others, said Andrea Resnick, a spokeswoman for the New York-based company. Tiffany & Co. (TIF) fell 3.6 percent to $57.68. The luxury jewelry retailer said it closed some of its 55 outlets in Japan.
Uranium stocks slumped on demand concerns after the Japan nuclear power accidents. Denison Mines Corp. (DNN) fell 7.1 percent to $2.37. Uranium Energy Corp. (UEC) erased 4.6 percent to $3.74. Uranium Resources Inc. (URRE) dropped 9.7 percent to $1.58. Ur-Energy Inc. (URG) declined 13 percent to $1.59. USEC Inc. (USU) slipped 5 percent to $4.36. Paladin Energy Ltd. (PALAF) dropped 8.9 percent to $3.45.
The S&P 500 Insurance Index declined to the lowest level since Jan. 21 on concern that operations and investments in Japan will be hobbled. Aflac Inc. (AFL) , which gets most of its revenue in Japan, slipped 5.6 percent to $50.89. Hartford Financial Services Group Inc. (HIG) sank 4.6 percent to $25.60. MetLife Inc. (MET) fell 3 percent to $43.40. Prudential Financial Inc. (PRU) slipped 1.9 percent to $60.09.
Brown Shoe Co. (BWS US) declined 19 percent to $11.56, the third-biggest loss in the Russell 2000 Index. The operator of the Naturalizer and Famous Footwear shoe-store chains reported fourth-quarter adjusted earnings of 8 cents a share, missing the average analyst estimate of 15 cents a share, Bloomberg data show.
CompuCredit Corp. (CCRT US) jumped 11 percent, the most since Oct. 5, to $6.93. The marketer of credit cards to subprime borrowers said it offered to buy as many as 13.1 million shares of its stock for $8 a share.
Dole Food Co. (DOLE US) declined 8.8 percent, the most since its initial public offering in October 2009, to $13.06. The global fruit producer reported a fourth-quarter loss of 31 cents a share, excluding some items, missing the average analyst estimate of a profit of 18 cents a share, Bloomberg data show.
ICO Global Communications (Holdings) Ltd. (ICOG US) gained 42 percent, the most since August 2009, to $2.73. The satellite communications company’s sale of its DBSD North America, Inc. subsidiary to Dish Network Corp. (DISH) gained approval from a U.S. Bankruptcy Court in New York. ICO will receive $324.5 million under the agreement.
Impax Laboratories Inc. (IPXL) rose 16 percent to $25.52, the highest price since it went public in 1995. The maker of generic drugs said its phase III clinical study of the safety and efficacy of IPX066 for the treatment of Parkinson’s disease showed “statistically significant, positive” results.
Kid Brands Inc. (KID) fell the most in the Russell 2000, plunging 25 percent to $6.91. The maker of infant furniture and toys said it had dismissed two senior managers as part of an investigation into incorrect payments of customs duties. The company delayed the filing of its fourth-quarter earnings and annual report.
Netflix Inc. (NFLX) climbed 7.9 percent to $217.11 for the second-biggest gain in the S&P 500. The mail-order and online movie-rental service was upgraded to “buy” from “neutral” at Goldman Sachs Group Inc.
Williams-Sonoma Inc. (WSM) rallied 13 percent to $39.38, the highest price since May 2006. The gourmet-cookware retailer reported fourth-quarter profit of $1.08 a share, beating the average analyst estimate by 9.9 percent, according to Bloomberg data.
Yahoo! Inc. (YHOO US) fell 5.7 percent, the most in the S&P 500, to $16.33. The most-visited U.S. Web portal owns 35 percent of Yahoo Japan Corp. and was in talks to sell the stake, people familiar with the matter said this month.
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