Shares of the following companies are having unusual moves in U.S. trading. Stock symbols are in parentheses and prices are as of 9:38 a.m. in New York.
Banks advanced to follow gains in European lenders.
Morgan Stanley (MS) rose 7.4 percent to $14.24. Citigroup Inc. (C) increased 6.9 percent to $25.25. Bank of America Corp. (BAC) climbed 5.9 percent to $5.48. JPMorgan Chase & Co. (JPM) jumped 4.8 percent to $29.84.
Base metal producers advanced as copper, lead, nickel and zinc advanced on the London Metal Exchange.
Energy producers rallied as crude oil rose above $100 a barrel for the first time in more than a week on signs of economic recovery in the U.S., while sanctions on Syria stoked concern Middle East crude supplies may be threatened.
Suncor Energy Inc. (SU) gained 4.7 percent to $28.34. Hess Corp. (HES) rose 4.5 percent to $56.76. Marathon Oil Corp. (MRO) surged 5.3 percent to $25.97. Halliburton Co. (HAL) advanced 4.6 percent to $33.27.
Amazon.com Inc. (AMZN) jumped 5.1 percent to $191.68. The world’s largest Internet retailer said it sold four times more Kindle products on Black Friday as it did last year.
AT&T Inc. (T) advanced 1.9 percent to $27.94. The second-largest U.S. wireless operator, with its T-Mobile USA takeover facing regulatory opposition, is preparing the biggest remedy proposal yet to the Justice Department to salvage the $39 billion deal, according to a person familiar with the plan. The company is considering an offer to divest a significantly larger portion of assets than it had initially expected, the person said.
Campbell Soup Co. (CPB) added 0.4 percent to $31.99. The world’s biggest soup company may languish unless its soup sales show a “significant and sustainable” turnaround, Barron’s reported in its “The Trader” column, without citing anyone.
Greif Inc. (GEF) fell 4.2 percent $42.75. The maker of shipping and packaging products lowered its full-year earnings forecast to at most $3.75 a share from at least $4.15 a share, citing lower than expected results in western Europe.
Microsoft Corp. (MSFT) climbed 1.8 percent to $24.73. The world’s biggest software maker’s Skype Technologies SA unit will step up negotiations with British mobile-phone operators that keep Internet-based calls off their networks after the country’s regulator indicated it may intervene.
Netflix Inc. (NFLX) surged 6 percent to $67.68. The video-streaming and DVD subscription service was raised to “neutral” from “negative” at Susquehanna Financial Group, which said “a significantly lower stock price largely offset the downside potential.”
Red Hat Inc. (RHT) rose 3.9 percent to $46.66. The provider of open source software and services said Alex Pinchev, executive vice president of sales and marketing, will leave the company to become the chief executive officer of a closely held data protection software company. The firm is a partner of Red Hat.
Tesla Motors Inc. (TSLA) gained 2.7 percent to $32.50. The U.S. electric-car maker may be overvalued after rising 60 percent since July on expectations of electric car market growth, Barron’s reported in its “The Trader” column.
Verizon Communications Inc. (VZ) rose 2.5 percent to $36.22. The second-largest U.S. phone company was raised to “buy” from “neutral” at UBS AG, which cited a “solid, double-digit earnings growth story.”
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