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.
Achillion Pharmaceuticals Inc. (ACHN) (ACHN US) slumped 10 percent, the most since Jan. 20, to $10.38. The drug developer was cut to “underperform” from “buy” at Bank of America Corp., which said there is less room for further gains after merger-and-acquisition speculation drove the New Haven, Connecticut-based company’s valuation higher.
Astex Pharmaceuticals Inc. (ASTX US) fell the most in the Russell 2000 Index, tumbling 22 percent to $2.19. A study on the pharmaceutical company’s Dacogen in acute myelogenous leukemia patients “failed to demonstrate benefit based on statistical interpretation,” Food and Drug Administration staff said in report.
Becton Dickinson & Co. (BDX US) slipped 3.8 percent, the most since Nov. 2, to $77.51. The maker of medical devices and supplies cut its forecast for 2012 to no more than $5.70 a share, below an earlier projection of as much as $5.85 and the average analyst estimate of $5.80.
Coinstar Inc. (CSTR US) surged 14 percent, the most since October 2010, to $57.53. The owner of the Redbox movie-rental kiosks reported fourth-quarter profit that beat analyst estimates and said it will buy the competing service operated by NCR Corp. (NCR US). NCR jumped 11 percent to $21.19.
Collective Brands Inc. (PSS US) rose 6.1 percent to $18.24, the highest price since May 24. The owner of the Payless ShoeSource chain is reducing the pool of suitors for all or part of its business ahead of the second round of bidding, people familiar with the matter said.
Dun & Bradstreet Corp. (DNB US) fell 4.8 percent, the most since Aug. 18, to $80.22. The owner of the Hoover’s business information service reported fourth-quarter revenue of $498.7 million, below the average analyst estimate of $502.5 million.
Harman International Industries Inc. (HAR US) rallied 3.9 percent to $46.23, the highest price since July 21. The maker of audio equipment for cars and homes reported second-quarter profit of 83 cents a share, beating the average analyst estimate by 12 percent, according to data compiled by Bloomberg.
McClatchy Co. (MNI US) rose 21 percent, the most since Dec. 9, to $2.72. The nation’s third-largest newspaper company by daily circulation reported above-forecast earnings on improved advertising revenue, particularly digital sales.
McDonald’s Corp. (MCD US) had the biggest gain in the Dow Jones Industrial Average, rising 1.4 percent to $100.91. The world’s largest restaurant chain may report that sales at global stores open at least 13 months gained 5.8 percent in January, according to the average estimate of six analysts surveyed by Bloomberg News. The Oak Brook, Illinois-based company will report sales for last month tomorrow at 7:58 a.m. New York time.
Regal-Beloit Corp. (RBC US) rose 6.9 percent, the most since Oct. 27, to $66. The Beloit, Wisconsin-based maker of electric motors and generators reported fourth-quarter profit and sales that beat analysts’ estimates.
Unum Group (UNM US) dropped 3.8 percent, the most since Dec. 8, to $22.76. The disability insurer said it will halt new sales of group long-term care coverage after a review of its businesses.
Vishay Intertechnology Inc. (VSH US) fell 3.1 percent, the most since Dec. 28, to $12.41. The Malvern, Pennsylvania-based maker of electronic components reported fourth-quarter earnings and revenue that missed analysts’ estimates.
Yum! Brands Inc. (YUM US) rose 2.6 percent to $64.85, the highest price since 1997. The owner of the KFC and Taco Bell fast-food chains said fourth-quarter profit gained 30 percent as sales increased at stores in China.
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