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.
For-profit schools declined as Height Analytics said, citing unidentified sources, that President Barack Obama may use an executive order to bypass Congress and cut the threshold for all military funds. DeVry Inc. (DV) slumped 3.2 percent to $40.31. Apollo Group Inc. (APOL) fell 6.4 percent to $54.03. Capella Education Co. (CPLA) slipped 2.7 percent to $40.69.
Semiconductor stocks advanced after sales forecasts from Linear Technology Corp. (LLTC) and Taiwan Semiconductor Manufacturing Co. (TSM) beat analysts’ estimates. Linear jumped 12 percent to $33.32. Taiwan Semiconductor climbed 2.8 percent to $13.83.
Micron Technology Inc. (MU) advanced 6.8 percent to $7.65. Altera Corp. (ALTR) rose 9.9 percent to $40.72. Texas Instruments Inc. (TXN) jumped 8.6 percent to $33.72. Analog Devices Inc. (ADI) added 5.7 percent to $39.15. Fairchild Semiconductor International Inc. (FCS) rallied 12 percent to $14.53. Avago Technologies Ltd. (AVGO) rose 7.2 percent to $33.94.
Amphenol Corp. (APH) rose the second-most in the Standard & Poor’s 500 Index, climbing 11 percent to $53.56. The maker of fiber-optic cables reported fourth-quarter earnings excluding certain items of 73 cents a share, beating the average analyst estimate of 70 cents a share.
Bank of New York Mellon Corp. (BK US) fell 4.6 percent, the most since Dec. 8, to $20.30. The world’s biggest custody bank said fourth-quarter earnings declined 26 percent on a restructuring charge and lower revenue from businesses tied to financial markets. Profit was 47 cents a share excluding some items, compared with the average analyst estimate of 53 cents.
Goldman Sachs Group Inc. (GS) rose 6.8 percent, the most since Nov. 30, to $104.31. The fifth-biggest U.S. bank by assets said profit in the fourth quarter dropped 58 percent, beating analysts’ estimates as the company cut compensation in response to falling revenue.
JPMorgan Chase & Co. (JPM US), the largest U.S. bank by assets, rose 4.7 percent to $36.62. Bank of America Corp. (BAC US) advanced 4.9 percent to $6.80 for the biggest gain in the Dow Jones Industrial Average.
Majesco Entertainment Co. (COOL) plunged 27 percent, the most since September 2005, to $2.17. The video game publisher said earnings in 2012 will be no more than 35 cents a share excluding some items, compared with the average of two analyst estimates of 46 cents.
Net 1 UEPS Technologies Inc. (UEPS US) surged 33 percent, the biggest gain since October 2003, to $8.92. The owner of an electronic payment system said it won a contract to provide payment services for social grants in South Africa.
OfficeMax Inc. (OMX) rose 15 percent, the most since Oct. 4, to $5.37. The U.S. office-supplies retailer was raised to “equal weight” from “under weight” at Barclays Plc, which said holiday sales and “any expectations for poor results are behind us.”
PHH Corp. (PHH) jumped 13 percent, the most since March 2009, to $12.08. Hayman Capital Management LP reported a 7.9 percent stake in the New Jersey-based mortgage and auto-leasing company, according to a regulatory filing.
State Street Corp. (STT) declined 6.6 percent, the most since Aug. 10, to $39.95. The third-largest custody bank said fourth-quarter profit was 93 cents a share excluding certain items, missing the average analyst estimate of 94 cents a share in a Bloomberg survey.
Yahoo! Inc. (YHOO) (YHOO US) climbed 3.2 percent, the most since Dec. 21, to $15.92. Jerry Yang’s exit from the U.S. web portal removes one of the last vestiges of a management team chided by investors for failing to find a buyer or negotiate a sale of stakes in Asian assets worth more than $10 billion.
To contact the editor responsible for this story: Nick Baker at email@example.com.