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Boeing, Campbell Soup, Dean Foods, Invesco: U.S. Equity Movers

Nov. 10 (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.

A123 Systems Inc. (AONE US) fell 14 percent, the most since Aug. 11, to $8.51. The battery maker posted a third-quarter loss excluding some items of 42 cents a share, or 41 percent wider than the average analyst estimate, Bloomberg data showed.

AgFeed Industries Inc. (FEED US) dropped 16 percent, the most since December 2008, to $2.62. The hog and feed producer reported a third-quarter loss of 43 cents a share and said it will write down the value of its Chinese business by $16.8 million.

Apac Customer Services Inc. (APAC US) slumped 13 percent, the most since May 2009, to $5.52. The provider of call centers for customer service reported third-quarter earnings that missed analysts’ estimates and said full-year revenue will be at the lower end of its forecast of $320 million to $330 million. Robert W. Baird & Co. cut the stock’s rating to “neutral” from “outperform.”

Assurant Inc. (AIZ US) dropped the most in the Standard & Poor’s 500 Index, falling 11 percent to $35.66. The insurer of foreclosed properties dropped after an American Banker article cited “evidence of abuses” in the industry.

BJ’s Wholesale Club Inc. (BJ US) rose 13 percent to $47.34 for the second-biggest advance in the Russell 1000 Index. The warehouse store operator plans to run an auction to sell itself after receiving an offer from private-equity firm Leonard Green & Partners LP in recent months, said three people with knowledge of the situation. BJ’s hired Morgan Stanley to help sell the company, said two people. Morgan Stanley and BJ’s didn’t immediately return calls seeking comment.

Boeing Co. (BA US) fell the most in the Dow Jones Industrial Average, sinking 3.2 percent to $67.07. The world’s largest aerospace company suspended test flights of the 787 Dreamliner jet while the planemaker investigates why one of the planes caught fire and was forced to make an emergency landing in Texas.

Campbell Soup Co. (CPB US) fell 3.3 percent, the most since April 2009, to $34.85. The world’s largest soup maker lowered its full-year forecast. Per-share earnings for the year ending July will climb 2 percent to 4 percent. That compared with a previous forecast of 5 percent to 7 percent.

Cerus Corp. (CERS US) had the second-biggest retreat in the Russell 2000 Index, losing 21 percent to $2.50. The company, which develops systems designed to enhance the safety of blood transfusions, said it’s selling $21 million of shares and warrants.

China Agritech Inc. (CAGC US) slid 21 percent, the most since May 2008, to $12.19. The fertilizer producer reported third-quarter sales of $23.9 million, 34 percent less than the average analyst estimate in a Bloomberg survey.

Dean Foods Co. (DF US) fell 9.8 percent to $7.67 for the second-biggest loss in the S&P 500. The biggest U.S. dairy processor was cut to “underperform” from “neutral” at Credit Suisse Group AG, which said earnings will worsen in 2011 due to higher costs and adverse pricing ‘agreements’ with grocer clients.

General Growth Properties Inc. (GGP US) rose 6.7 percent to $14.73, the highest price since September 2008. The U.S. mall owner that exited bankruptcy yesterday plans to pay a regular quarterly dividend of about 10 cents a share starting next year.

Invesco Ltd. (IVZ US) fell 3.9 percent to $22.29 for the third-biggest retreat in the S&P 500. Morgan Stanley, the sixth-largest U.S. bank by assets, divested a stake in the investment management company for $664 million just five months after acquiring it in the sale of a retail asset-management unit.

Kelly Services Inc. (KELYA US) rose 3.3 percent to $17, the highest price since May 17. The provider of temporary employees reported third quarter profit excluding some items that exceeded the average analyst estimate in a Bloomberg survey by 70 percent.

Maidenform Brands Inc. (MFB US) declined 8.2 percent, the most since March 2009, to $26.64. The maker of women’s undergarments reported third-quarter sales of $145.8 million, trailing the average estimate of $147 million from analysts in a Bloomberg survey.

Medidata Solutions Inc. (MDSO US) advanced 10 percent to $21.09, the highest price since it went public in June 2009. The provider of clinical data management software reported third-quarter earnings of 27 cents a share on an adjusted basis, which beat the 18-cent average analyst estimate.

Net 1 UEPS Technologies Inc. (UEPS US) slid 18 percent, the most since June 2004, to $10.59. The owner of an electronic payment system reported first-quarter earnings that missed analysts’ estimates.

Noah Holdings Ltd. (NOAH US) surged 33 percent to $15.99 on its first day of trading. The Chinese provider of wealth-management products raised $101 million in an initial public offering.

Polo Ralph Lauren Corp. (RL US) rose the most in the S&P 500, adding 7.3 percent to $108.28. The New York-based seller of the namesake brand clothing raised its sales projection for the year as customers snapped up footwear and apparel.

Research In Motion Ltd. (RIMM US) gained 6.3 percent, the most since July 9, to $58.44, the highest price since June 24. The smartphone maker, moving into the tablet-computer market for the first time, said it will begin selling its BlackBerry PlayBook for less than $500, suggesting RIM may try to undercut Apple Inc.’s iPad.

Smart Technologies Inc. (SMT US) tumbled 32 percent to $8.91, the biggest drop since it went public in July. The producer of interactive whiteboards used in classrooms reported second-quarter sales of $222.7 million, trailing the average analyst estimate by 4.8 percent, according to Bloomberg data.

Sonic Solutions Inc. (SNIC US) slipped 8.3 percent, the most since July 6, to $11.09. The operator of an online video service reported second-quarter sales of $25.3 million, missing the average analyst estimate by 4.2 percent, according to Bloomberg data.

Tesla Motors Inc. (TSLA US) rose 19 percent to $29.36, the highest price since its initial public offering in June. The maker of electric sports cars said it had a third-quarter adjusted loss of 41 cents a share, compared with the 43-cent loss estimated by analysts.

To contact the reporter on this story: Rita Nazareth in New York at rnazareth@bloomberg.net

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

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