Oct. 5 (Bloomberg) -- Shares of the following companies had unusual moves in U.S. trading. Stock symbols are in parenthesis, and prices are as of 4 p.m. in New York.
Banks rallied after JPMorgan Chase & Co. said they are likely to beat third-quarter profit estimates, helped by strong mortgage banking revenue and better-than-estimated net interest income.
Marshall & Ilsley Corp. (MI US) jumped 5.9 percent to $7.53, Zions Bancorporation (ZION US) advanced 3.6 percent to $21.91, Citigroup Inc. (C US) climbed 2.5 percent to $4.13, Bank of America Corp. (BAC US) increased 3.1 percent to $13.56 and JPMorgan (JPM US) rose 1.8 percent to $39.64.
Affiliated Managers Group Inc. (AMG US) jumped 4.4 percent to $82.55, the highest price since May 4. The owner of stakes in more than two dozen fund companies was upgraded to “buy” from “neutral” at Goldman Sachs Group Inc.
American Express Co. (AXP US) fell 2 percent to $38.28, the lowest price since June 8. The credit card company will keep its rules in place as it challenges the Justice Department’s antitrust complaint, widening “the perceived gap” between its prices and those of its competitors, which settled the case, said Scott Valentin, an analyst at FBR Capital Markets.
Autodesk Inc. (ADSK US) gained 4.2 percent, the most since July 22, to $32.71. The maker of software used in bridge design and movie special effects was given a new “buy” rating at Canaccord Financial Inc. The 12-month price estimate is $38.
CBS Corp. (CBS US) rose 1.7 percent to $16.66, the highest price since May 3. The owner of the most-watched U.S. broadcast network was rated “buy” in new coverage at Nomura Holdings Inc.
Chevron Corp. (CVX US) gained 2.6 percent to $83.39, the highest price since May 3. The second-largest U.S. oil company said it will begin buying its common stock this quarter under a previously announced repurchase program.
Colgate-Palmolive Co. (CL US) slipped 2 percent, the most since July 29, to $74.92. The world’s largest toothpaste maker was cut to “underweight” from “equalweight” at Barclays Capital Inc. by equity analyst Lauren Lieberman. The 12-month price estimate is $68.
Electronic Arts Inc. (ERTS US) climbed 5.1 percent to $17.82, the highest price since May 13. The second-largest video-game publisher said it has sold 2.6 million copies of its FIFA 11 game in Europe and North America through Oct. 2.
Google Inc. (GOOG US) rose 3 percent to $538.23, the highest price since April 23. The online search company’s Android software has become the most popular operating system in the U.S. among new smartphone buyers, topping Apple Inc.’s iPhone and Research in Motion Ltd.’s BlackBerry platforms, according to Nielsen Co.
GTSI Corp. (GTSI US) lost 4.9 percent to $4.14, the lowest price since April 21. The provider of computer services to the U.S. government said the potential penalties resulting from an investigation into possible contractual violations could have “a material adverse effect” on its going concern status and financial condition.
Harley-Davidson Inc. (HOG US) rose the most in the Standard & Poor’s 500 Index, gaining 9.1 percent to $32.09. The biggest U.S. motorcycle maker had its share-price estimate increased to $36 from $33 by RBC Capital Markets, which said the company’s U.S. retail sales increased in September after falling for previous four months.
Illumina Inc. (ILMN US) gained 2.8 percent to $51.16, the highest price since July 2000. The maker of DNA analysis equipment was given a new “buy” rating at Goldman Sachs Group Inc. The 12-month price estimate is $62.
Iron Mountain Inc. (IRM US) fell the most in the S&P 500, dropping 8.6 percent to $20.45. The information management company forecast 2011 earnings excluding some items of $1.26 a share at most, trailing the average analyst estimate of $1.31 in a Bloomberg survey.
Lubrizol Corp. (LZ US) advanced 4 percent to $110.12, the highest price since at least July 1980. The world’s largest maker of lubricant additives for use in vehicles said it will achieve its 2012 per-share earnings target of $10 ahead of schedule, citing favorable results to date. The average estimate of analysts surveyed by Bloomberg is $10.58 a share. The company said 2013 per-share earnings could be $13.50.
MaxLinear Inc. (MXL US) fell 12 percent, the most since its March initial public offering, to $10.03. The designer of semiconductors that let people watch television on their mobile devices cut its fiscal third-quarter sales forecast to no more than $18.6 million, lower than the average analyst estimate in a Bloomberg survey of $20.3 million.
MEMC Electronic Materials Inc. (WFR US) rose 4.9 percent, the most since June 15, to $12.34. SunEdison, a subsidiary of MEMC, announced the sale of a 70 megawatt photovoltaic power plant in Northeast Italy, near the town of Rovigo.
Mosaic Co. (MOS US) advanced 3.4 percent to $60.80 for the biggest gain since Sept. 16. The world’s largest maker of phosphate fertilizer said China may restrict exports of phosphate-based fertilizers after record shipments in July and August reduced domestic inventories.
Navistar International Inc. (NAV US) rose 7.3 percent, the most since May 10, to $45.91. The maker of commercial and military vehicles said it won an $18.9 million U.S. Navy contract to supply heavy truck tractors.
New Oriental Education & Technology Group Inc. (EDU US) fell 3.8 percent to $92.86, the lowest price since July 2. China’s largest private-education company received a “neutral” rating from Catherine Leung, an analyst at Goldman Sachs
Plains Exploration & Production Co. (PXP US) gained 5.4 percent, the most since July 22, to $27.33. The company, which has been a partner in some of the largest U.S. offshore oil discoveries of the past decade, said it will acquire interests in about 60,000 acres in the Eagle Ford oil and gas condensate windows in South Texas for $578 million in cash.
Talbots Inc. (TLB US) fell 15 percent, the most since April 2009, to $10.71. The clothing retailer cut its sales forecast, saying it now expects third-quarter sales to “decrease of approximately low-single digits.” The company had previously anticipated a gain.
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