Nov. 17 (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.
Homebuilder shares fell after a U.S. government report showed builders began work on fewer homes than forecast in October. Housing starts fell 12 percent to a 519,000 annual rate, the fewest since a record low in April 2009.
D.R. Horton Inc. (DHI US) dropped 3.1 percent to $10.68. Pulte Group Inc. (PHM US) declined 2.2 percent to $6.74.
Home Depot Inc. (HD US), the largest U.S. home-improvement retailer, slipped 2.8 percent to $30.83 for the biggest retreat in the Dow Jones Industrial Average.
Solar energy company shares declined after Credit Suisse Group AG cut the industry’s recommendation to “market weight” from “overweight,” saying subsidy-driven demand can’t keep up with surging supply. First Solar Inc. (FSLR US) lost 6 percent to $122.83. Renesola Ltd. (SOL US) dropped 8.5 percent to $8.99. JA Solar Holdings Co. (JASO US) dropped 7.4 percent to $7.27. Trina Solar Ltd. (TSL US) retreated 4.6 percent to $22.61. MEMC Electronic Materials Inc. (WFR US) slid 5 percent to $11.72.
Suntech Power Holdings Co. (STP US) sank 9.7 percent to $7.53. The largest Chinese solar panel maker reported third-quarter profit that missed analysts’ estimates.
Bob Evans Farms Inc. (BOBE US) gained 9.2 percent, the most since June 209, to $32.57. The restaurant owner and sausage maker reported second-quarter sales that missed some analyst estimates, according to a Bloomberg survey.
Booz Allen Hamilton Holding Corp. (BAH US) jumped 13 percent to $19.25 on the first day of trading. The government-consulting firm acquired by Carlyle Group in 2008 raised $238 million in an initial public offering.
Chart Industries Inc. (GTLS US) climbed 15 percent to $26.70, the highest price since September 2008. The maker of equipment used to produce and store industrial gases was boosted to “overweight” from “equal-weight” at Morgan Stanley.
Chico’s FAS Inc. (CHS US) rose the most in the Russell 1000 Index, climbing 11 percent to $11.13. The women’s clothing retailer reported third quarter earnings of 16 cents, beating the average analyst estimate by 1 cent. Sales were $483 million, higher than the $476.6 million projected by analysts.
China Digital TV Holding Co. (STV US) advanced 6.5 percent to $7.25, the highest price since Oct. 18. The vendor of digital television software forecast fourth-quarter sales of at least $20.8 million. That beat the average analyst estimate of $16.1 million in a Bloomberg survey.
China Nepstar Chain Drugstore Ltd. (NPD US) dropped 18 percent, the most since its initial public offering in 2007, to $3.96. The country’s biggest drug-store chain by number of outlets reported third-quarter profit of 1 cent a share, trailing the average analyst estimate by 67 percent, according to Bloomberg data.
Duoyuan Global Water Inc. (DGW US) jumped 7.8 percent to $13 for the biggest gain since Sept. 28. The Chinese water-treatment equipment supplier posted fourth quarter earnings of 55 cents a share, exceeding the 48-cent average estimate by analysts.
Human Genome Sciences Inc. (HGSI US) dropped 5.3 percent to $24.51, bringing its decline for the year to 20 percent. A U.S. advisory panel questioned the effectiveness of the experimental lupus drug the Rockville, Maryland-based company is developing with GlaxoSmithKline Plc.
Hypercom Corp. (HYC US) rallied 16 percent to $7.13, the highest price since November 2006. VeriFone Systems Inc. (PAY US), the second-largest maker of electronic payment equipment, agreed to buy the maker of electronic-payment software for $485 million. VeriFone climbed 3.4 percent to $32.91.
Ladish Co. (LDSH US) had the biggest gain in the Russell 2000 Index, surging 55 percent to $45.42. The maker of products for jet engines agreed to be bought by Allegheny Technologies Inc. (ATI US) in a cash-and-stock transaction valued at $778 million. Allegheny slipped 3.1 percent to $48.41.
MetroPCS Communications Inc. (PCS US) rose the most in the S&P 500, gaining 4.9 percent to $11.84. The U.S. pay-as-you-go mobile phone company will save $35.4 million a year in interest payment after refinancing some debt and the transaction will provide a “modest boost” to earnings, Credit Suisse Group AG analysts led by Jonathan Chaplin wrote in a note.
NetApp Inc. (NTAP US) dropped 6.5 percent, the biggest loss in the S&P 500, to $49.25. The storage-computer maker said it may earn 48 cents to 50 cents a share excluding some items in the third quarter, compared with the average analyst estimate of 51 cents. The company posted the projection on its website. Xyratex Ltd. (XRTX US), a provider of data storage subsystems, fell 7.9 percent to $14.52.
Petroleum Development Corp. (PETD US) fell 12 percent, the most since August 2009, to $32.23. The oil and gas company said it will offer $100 million of convertible notes due 2016 and 3 million shares. Proceeds will be used to fund an acquisition.
Quanta Services Inc. (PWR US) rose 4 percent, the most since May 13, to $17.73. The provider of utility network infrastructure was added to Wedbush Securities Inc.’s best ideas list.
Regions Financial Corp. (RF US) fell 6.4 percent to $5.54 for the second-biggest loss in the S&P 500. Alabama’s biggest bank had its credit rating cut for the second time this month by Moody’s Investors Service after the lender ousted three managers who oversaw risk and souring assets.
Rino International Corp. (RINO US) slumped 15 percent to $6.07, the lowest price since May 2009. The provider of water treatment systems for steelmakers postponed a conference call originally scheduled yesterday to discuss third-quarter earnings, without giving a reason. Faruqi & Faruqi LLP, a New York-based securities firm, said it’s investigating the company on behalf of shareholders on possible violations of the federal securities laws and breaches of fiduciary duties by its officers.
Sina Corp. (SINA US) climbed 5.8 percent to $60.32 for the biggest gain since Nov. 8. The owner of China’s third-most visited website reported third-quarter earnings that beat analysts’ estimates as online advertising revenue surged.
Target Corp. (TGT US) rose 3.9 percent, the most since May 10, to $55.62. The second-largest U.S. discount retailer posted a profit, excluding a tax gain, of 68 cents a share, matching the average analyst estimate.
Ventana Gold Corp. (VENGF US) surged 37 percent, the most since June 2009, to $13.47. EBX Group Ltd., an investment company controlled by Brazilian billionaire Eike Batista, said it plans to acquire the Canadian gold explorer for about C$1.5 billion ($1.47 billion).
Wesco International Inc. (WCC US) rose 5.8 percent, the most since July 7, to $46.43. The provider of electrical supplies and construction materials said it’s buying TVC Communications LLC for $246.5 million and estimated the transaction will increase 2011 earnings per share by 30 cents.
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