Chipotle, Fossil, MEMC, PulteGroup, Sirona: U.S. Equity Movers

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.

Builders slumped after sales of new U.S. homes declined more than projected in July to the lowest level in five months. PulteGroup Inc. (PHM US) tumbled 4 percent, the most in the Standard & Poor’s 500 Index, to $3.61. KB Home (KBH) fell 3 percent to $5.27.

Solar stocks advanced after Goldman Sachs Group Inc. (GS) said the industry is close to bottoming. First Solar Inc. (FSLR) climbed 8 percent to $94.33. MEMC Electronic Materials Inc. (WFR) rose the most in the S&P 500, advancing 13 percent to $6.83. Trina Solar Ltd. (TSL) jumped 9.1 percent to $14.15. LDK Solar Co. (LDK US) rallied 12 percent to $5.81. JA Solar Holdings Co. (JASO US) increased 14 percent to $3.62.

Alpha Natural Resources Inc. (ANR) climbed for the first time in four days, increasing 9.2 percent to $30.97. The third- largest U.S. coal producer approved a plan to buy back as much as $600 million of its shares after they declined 40 percent in the past month.

Bank of America Corp. (BAC) fell 1.9 percent to $6.30, the only decline in the Dow Jones Industrial Average. The cost to protect against a default by the biggest U.S. lender rose to a record. The bank needs to raise as much as $200 billion to restore its capital, Business Insider’s Henry Blodget said.

BYD Co. (BYDDF US) declined 7.5 percent to $2.23, the lowest price since April 2009. The Chinese automaker part-owned by Warren Buffett’s Berkshire Hathaway Inc. (BRK/A US) said second-quarter profit fell 99 percent with the end of government incentives.

Chipotle Mexican Grill Inc. (CMG) jumped 7.8 percent, the most since Oct. 22, to $294.56. The Denver-based restaurant chain was rated “buy” in new coverage at Cleveland Research Co.

Corinthian Colleges Inc. (COCO) slid 7.1 percent to $1.96, the lowest price since 1999. The for-profit education provider said it expects to have a loss of as much as 4 cents a share in the fiscal first quarter. Analysts, on average, estimated profit of 14 cents, according to a Bloomberg survey.

Fossil Inc. (FOSL) rallied 16 percent to $86.52 for the biggest gain in the Russell 1000 Index. Chief Financial Officer Mike Kovar bought 2,000 shares in the Texas-based maker of watches and jewelry, according to a regulatory filing.

Gleacher & Co. (GLCH US) rose 17 percent, the most since July 2010, to $1.35. The New York-based investment bank said it will exit the equities business and cut 62 jobs as part of a plan that will save $40 million a year.

GT Advanced Technologies Inc. (GTAT US) and Virtusa Corp. (VRTU) will join the Standard & Poor’s SmallCap 600 Index, replacing Radiant Systems Inc. (RADS) and SFN Group Inc. (SFN) respectively, S&P said in a statement.

GT advanced 14 percent to $11.46. Virtusa rose 16 percent to $14.30.

Nvidia Corp. (NVDA) increased 11 percent, the second- biggest gain in the S&P 500, to $13.23. The maker of graphic chips was raised to “outperform” from “market perform” at Wells Fargo & Co.

Perfect World Co. (PWRD US) gained 15 percent, the most since October 2008, to $21.43. The Beijing-based online game developer forecast third-quarter sales of at least 756 million yuan ($118.2 million), beating the average analyst estimate of 722 million yuan in a Bloomberg survey. ThinkEquity LLC raised the stock’s rating to “buy” from “hold.”

PharMerica Corp. (PMC) surged 27 percent to $13.89 for the second-biggest gain in the Russell 2000 Index. Omnicare Inc. (OCR) offered to buy the Louisville, Kentucky-based pharmaceutical services firm for about $716 million in cash, or $15 a share.

Covington, Kentucky-based Omnicare rose 11 percent to $29.85.

Sirona Dental Systems Inc. (SIRO) gained 11 percent, the most since Feb. 4, to $43. The maker of dental-imaging equipment said it will buy back as much as $100 million of the company’s stock.

Sprint Nextel Corp. (S) rose 10 percent, the most since May 2010, to $3.59. The third-largest U.S. mobile phone carrier, Verizon Communications Inc. (VZ) and AT&T Inc. (T) will start selling Apple Inc.’s iPhone 5 in mid-October, the Wall Street Journal reported, citing people familiar with the situation. Verizon gained 3.3 percent to $35.96. AT&T increased 1.9 percent to $28.98.

Temple-Inland Inc. (TIN) fell the most in the Russell 1000 Index, sinking 14 percent to $21.33. The corrugated cardboard maker is being sued over the failure of Guaranty Financial Group Inc. and its banking unit, according to a regulatory filing.

Universal Display Corp. (PANL) rallied 17 percent to $40.66, the highest price since June 3. The developer of technologies used in flat-panel displays will license and sell materials to Samsung Mobile Display Co. for its organic light- emitting diode panels.

To contact the reporter on this story: Nikolaj Gammeltoft in New York at ngammeltoft@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.