Watch Live

Tweet TWEET

Delta Air Lines, Exxon, Fastenal, Monsanto: U.S. Equity Movers

Shares of the following companies had unusual moves in U.S. trading. Stock symbols are in parentheses, and prices are of 4 p.m. in New York.

Airlines rose as crude oil prices fell after Japan raised the severity rating of its nuclear crisis to the highest level and prices above $100 a barrel threatened the global economic recovery. The NYSE Arca Airline Index advanced 1.3 percent.

Delta Air Lines Inc. (DAL) increased 5 percent to $9.90. United Continental Holdings Inc. (UAL) rose 5.8 percent to $21.71. AMR Corp. (AMR) gained 2.3 percent to $5.91.

Energy stocks declined after crude for May delivery fell 3.3 percent to settle at $106.25 a barrel in New York.

Exxon Mobil Corp. (XOM) slipped 2.3 percent to $83.18. Chevron Corp. (CVX) retreated 3.3 percent to $104.18. Pioneer Natural Resources Co. (PXD) slumped 5 percent to $97.19, the third biggest decline in the Standard & Poor’s 500 Index.

Alcoa Inc. (AA) fell 6 percent to $16.70, for the biggest drop in the S&P 500. The largest U.S. aluminum producer reported first-quarter revenue of $5.96 billion, missing the average estimate of $6.06 billion from eight analysts in the Bloomberg survey.

Community Health Systems Inc. (CYH) rose the most in the Russell 1000 Index, climbing 22 percent to $31.48. The hospital operator’s 36 percent decline yesterday following a lawsuit by Tenet Healthcare Corp. (THC) for allegedly overbilling Medicare was “overdone,” Susquehanna Financial Group wrote in a note to clients. Tenet rose 1.9 percent to $6.56.

Another hospital operator, Health Management Associates Inc. (HMA) , gained 2.7 percent to $10.44.

Durect Corp. (DRRX) fell 6.6 percent, the most since Aug. 13, to $3.27. The maker of drug-delivery systems said a phase II clinical trial of Eladur, an experimental patch to treat the pain from shingles, didn’t make enough of a difference to meet the primary endpoint.

Extreme Networks (EXTR) Inc lost 15 percent, the most since March 2009, to $2.89. The maker of computer-network switches said third-quarter sales were $76.5 million at most. Two analysts surveyed by Bloomberg estimated $83.9 million, on average.

Fastenal Co. (FAST) slumped 4.4 percent, the most since Oct. 12, to $64.54. First-quarter earnings of 54 cents a share for the largest U.S. retailer of nuts, bolts and other fasteners may have been below expectations, according to Ryan Merkel, an analyst at William Blair & Co. in an e-mail. The stock has also “had a nice run so a temporary pullback is not too surprising,” he wrote.

Micrel Inc. (MCRL) fell 8.9 percent, the most since July 23, to $13.12. The maker of chips for computers and communication gear said first-quarter profit was no more than 14 cents a share, missing its earlier forecast of 17 cents a share to 19 cents as well as the average analyst estimate of 18 cents, according to Bloomberg data.

Safe Bulkers Inc. (SB) tumbled 10 percent to $8.30 for the biggest intraday decline since May 2009. The provider of marine dry-bulk transportation services said it will offer 5 million shares to fund ship acquisitions and other general corporate purposes. Additional stock can dilute the value of existing shares.

Skilled Healthcare Group Inc. (SKH) jumped 7.4 percent to $15.05 for the biggest gain since April 4. The operator of nursing and assisted-living homes said it has hired JPMorgan Chase & Co. to explore strategic alternatives to maximize stockholder value, including a sale of the company’s real estate assets or the whole company.

Tyco International Ltd. (TYC) rose 7.4 percent to $52.33, the highest price since July 2007. The world’s largest maker of securities systems surged on a report by London’s Telegraph newspaper that Schneider Electric SA (SU FP) is intensifying efforts in a possible bid for the company. A Tyco spokesman, Paul Fitzhenry, declined to comment. Anthime Caprioli, a Schneider spokeswoman, couldn’t immediately be reached for comment.

WMS Industries Inc. (WMS) fell 17 percent to $30.01 for the biggest retreat in the Russell 1000 Index. The maker of Monopoly and Wizard of Oz slot machines reported third-quarter profit of no more than 42 cents a share. Analysts had predicted 52 cents, the average of 19 estimates in a Bloomberg survey.

International Game Technology (IGT) , the world’s biggest maker of slot machines erased 3.2 percent to $15.38.

To contact the reporter on this story: Inyoung Hwang in New York at ihwang7@bloomberg.net

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.