Shares of the following companies had unusual moves in U.S. trading today. Stock symbols are in parentheses, and prices are as of 4 p.m. in New York.
Carpenter Technology Corp. (CRS US) gained 2.2 percent to $37.12, the highest price since May 18. The specialty-metals producer was raised to “buy” from “neutral” at Davenport & Co.
Cooper Cos. (COO US) climbed 2.7 percent, the most since April 20, to $35.80. The maker of optical lenses, surgical instruments and diagnostic products was raised to “neutral” from “underweight” by JPMorgan Chase & Co.
DreamWorks Animation SKG Inc. (DWA US) fell 11 percent, the most since July 2005, to $31.05. The company’s “Shrek Forever After” took in $71.3 million in U.S. and Canada as it opened over the weekend. The new film was expected to take in $105 million, according to Gitesh Pandya, editor of Box Office Guru LLC.
Dynergy Inc. (DYN US) fell 9.8 percent, the most since July 7, to $1.01. A 1-for-5 reverse stock split by the Houston-based power producer is effective tomorrow.
Genoptix Inc. (GXDX US) declined 2.9 percent to $26.36, the lowest price since May 2009. The California-based medical laboratory was cut to “sell” from “buy” at Auriga.
Google Inc. (GOOG US) rose 1.1 percent to $477.16, the biggest gain since May 13. The owner of the world’s most popular web search engine was added to the top picks list at Citigroup Inc.
Holly Corp. (HOC US) slid 5.1 percent to $24.46, the lowest price since Dec. 17. The owner of refineries and pipelines in the U.S. Southwest was cut to “neutral” from “buy” at Goldman Sachs Group Inc.
Janus Capital Group Inc. (JNS US) fell the most in the S&P 500, sinking 7.5 percent to $10.51. The owner of the Janus, Intech and Perkins funds was cut to “sell” from “neutral” at Goldman Sachs Group Inc.
Franklin Resources Inc. (BEN US), manager of the Franklin and Templeton mutual funds, was dropped from Goldman’s “conviction buy” list. The shares lost 5.2 percent to $97.35.
KKR Financial Holdings LLC (KFN US) rose 4.6 percent to $7.91, gaining for a second day. The specialty-finance company was picked by CNBC’s Jim Cramer as a “speculative buy” on its potential dividend yield.
Odyssey HealthCare Inc. (ODSY US) rose the most in the Russell 2000 Index, surging 39 percent to $26.75. Gentiva Health Services Inc. (GTIV US), the second-largest U.S. home-nursing company, agreed to buy Odyssey for about $1 billion in cash, creating the biggest U.S. hospice and home health-care provider, according to company statements today.
Gentiva advanced 13 percent to $29.17.
Popular Inc. (BPOP US) slipped 7.6 percent, the most since May 7, to $2.83. Puerto Rico’s largest bank, said President and Chief Operating Officer David H. Chafey Jr. will depart and Richard L. Carrion, the lender’s chairman and chief executive officer, will take on the role of president.
Sprint Nextel Corp. (S US) advanced 8.6 percent to $4.79 for the biggest gain in the S&P 500. The third-largest U.S. mobile-phone carrier was raised to “buy” from “neutral” at Goldman Sachs Group Inc.
Tenet Healthcare Corp. (THC US) rose 3.2 percent to $5.54 for the second-biggest advance in the S&P 500. The Dallas-based hospital operator was raised to “overweight” from “neutral” at JPMorgan Chase & Co.
Wells Fargo & Co. (WFC US) dropped 4.7 percent, the most since Oct. 21, to $28.71. The largest U.S. home lender was cut to “neutral” from “buy” at Goldman Sachs Group Inc., which said there is “more relative value” in peers.
SunTrust Banks Inc. (STI US), cut from Goldman’s “conviction buy” list, declined 5.9 percent to $25.40. Goldman also lowered Comerica Inc. (CMA US), which fell 3.4 percent to $37.32.