Cheniere Energy Partners, Dendreon: U.S. Equity Movers
Shares of the following companies are having unusual moves in U.S. trading. Stock symbols are in parentheses and prices are as of 10:10 a.m. in New York.
Cheniere Energy Partners LP (CQP) rose 4.9 percent to $21.92 after reaching $22.22 earlier, the highest intraday price since March 3. The Houston-based company said Blackstone Group LP agreed to invest $2 billion toward construction of a $5 billion natural-gas export terminal. Cheniere will use the proceeds to fund the Sabine Pass liquefaction project and the purchase of the Creole Trail pipeline from Cheniere Energy Inc. (LNG) , the company said in a statement. Cheniere Energy Inc. jumped 11 percent to $15.64.
Dendreon Corp. (DNDN) slumped 18 percent to $12.15 after plunging 21 percent earlier, the most intraday since Nov. 3. The maker of the prostate-cancer drug Provenge said its January orders were weaker than in previous quarters.
Lowe’s Cos. (LOW) gained 2.9 percent to $27.94 and climbed 3.3 percent earlier, the most intraday since Jan. 4. The second-largest U.S. home-improvement chain reported fourth- quarter earnings of 29 cents a share, excluding some items, beating the average analyst estimate of 23 cents.
Medco Health Solutions Inc. (MHS) rose 5.9 percent to $67.93 after reaching $68.16 earlier, a record intraday price. Express Scripts Inc.’s (ESRX) acquisition of the pharmacy- benefits manager is likely to close by the end of first half without “material” issues from the Federal Trade Commission, Jefferies Group Inc. said in a note. Express Scripts gained 4.3 percent to $54.64.
Micron Technology Inc. (MU) rallied 6.2 percent, the most in the Standard & Poor’s 500 Index, to $8.44. Rival Elpida Memory Inc., the last Japanese maker of computer-memory chips, filed for the nation’s biggest bankruptcy in two years after semiconductor prices plunged and it failed to win a second government bailout.
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