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Central European Distribution, Pactiv, Visa: U.S. Equity Movers

May 19 (Bloomberg) -- 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.

American Apparel Inc. (APP US) tumbled 41 percent to $1.63, the lowest price since March 2009. The operator of about 280 retail stores in 20 countries said it anticipates it won’t be in compliance with its covenant with its second-lien lender at mid-year.

Analog Devices Inc. (ADI US) rose 4.2 percent to $28.77 for the second-biggest gain in the Standard & Poor’s 500 Index. The maker of chips used in cars, consumer electronics and phone networks forecast third-quarter earnings excluding some items of at least 59 cents a share, beating the 52-cent average estimate from analysts in a Bloomberg survey.

BJ’s Wholesale Club Inc. (BJ US) climbed 4 percent, the most since April 23, to $38.95. The third-largest U.S. warehouse-club chain reported first-quarter profit of 49 cents a share excluding some items, topping the average analyst estimate of 43 cents.

Central European Distribution Corp. (CEDC US) fell 7.6 percent to $24.22 for the third-biggest drop in the Russell 1000 Index. The spirits producer and wholesaler had its price estimate cut to $21.10 from $29 at Morgan Stanley, which cited reduced forecasts for industry volumes and lower earnings estimates.

Chico’s FAS Inc. (CHS US) fell 15 percent to $11.98 for the biggest drop in the Russell 1000. The women’s clothing retailer with more than 1,000 stores reported first-quarter profit of 20 cents a share, in line with analysts’ estimates.

ChipMOS Technologies Ltd. (IMOS US) rose 13 percent to $1.86 for the biggest gain since May 10. The packager and tester of computer chips returned to profit in the first quarter and said it expects second-quarter sales to grow as much as 23 percent from the previous three-month period.

Javelin Pharmaceuticals Inc. (JAV US) fell 17 percent, the most since August, to $1.82. Hospira Inc. extended its tender offer to purchase all the outstanding shares of Javelin until June 2, spurring concern the deal might not go through, said Patricia Bank, an analyst at Wedbush Securities Inc., in an emailed response to a question.

Pactiv Corp. (PTV US) rose 6.8 percent to $29.79, the highest price since October 2007. Georgia-Pacific Corp. and New Zealand investor Graeme Hart’s Rank Group have joined bidding for the Hefty trash bag maker, the Wall Street Journal reported, citing unidentified people familiar with the situation. Pactiv rose 19 percent May 17 on reports it’s in talks to be bought by Apollo Management LLC.

Visa Inc. (V US) rose 4.1 percent to $72.97 for the biggest gain since May 10. UBS AG said the world’s biggest payments network and its smaller rival Mastercard Inc. (MA US) were “oversold amid sudden regulatory uncertainty.” Visa slumped 18 percent and Mastercard slid 13 percent over the previous three days after the U.S. Senate voted to curb debit-card fees.

MasterCard fell 0.2 percent to $202.45. Capital One Financial Corp. (COF US), the McLean, Virginia-based credit-card company, rose 2 percent to $42.38.

To contact the reporter on this story: Elizabeth Stanton in New York at estanton@bloomberg.net

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net.

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