Nov. 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.
Alpha Natural Resources Inc. (ANR US) rose 8.1 percent to $50.80, the highest price since April 26. The third-largest U.S. coal producer said it wants to expand its metallurgical coal holdings, possibly through acquisitions.
America’s Car Mart Inc. (CRMT US) dropped 11 percent, the most since January 2009, to $25.26. The seller of used cars and trucks reported second-quarter profit excluding some items of 56 cents a share, missing the average analyst estimate by 12 percent, according to Bloomberg data.
AnnTaylor Stores Corp. (ANN US) gained 8.5 percent to $25.77, the highest price since September 2008. The women’s apparel chain reported third-quarter adjusted earnings were 42 cents a share, exceeding the 34-cent average estimate by analysts. The New York-based company also raised its sales forecast for 2011 to $1.97 billion, topping analysts’ estimates of $1.95 billion on average.
Autodesk Inc. (ADSK US) declined 6.9 percent, the most since November 2009, to $33.77. The maker of software used in bridge design and movie special effects forecast annual earnings excluding some items of $1.30 a share at most. That’s lower than the average analyst estimate in a Bloomberg survey of $1.31.
Cabot Oil & Gas Corp. (COG US) rose 4.1 percent to $35.83, the highest price since June 21. The natural gas producer said it’s selling about 75 miles of pipelines and other assets to a subsidiary of Williams Partners LP (WPZ US) for $150 million and a 25-year gathering agreement.
Del Monte Foods Co. (DLM US) jumped 11 percent to $17.51, the highest price since it went public in February 2009. KKR & Co. is in advanced talks to buy the maker of canned fruits and Meow Mix cat food, according to two people familiar with the matter.
Empire Resorts Inc. (NYNY US) fell 10 percent, the most since Aug. 24, to $1.38. The gaming and resort management company said its largest stockholder, Kien Huat Realty III Ltd., agreed to lend $35 million to help the company repay in full its convertible notes due 2014.
Foot Locker Inc. (FL US) rallied 12 percent to $18.35, the highest price since July 2007. The athletic shoe and apparel retailer reported third-quarter revenue of $1.28 billion, beating the average analyst estimate in a Bloomberg survey of $1.22 billion.
Hibbett Sports Inc. (HIBB US) advanced 16 percent to $32.74, the highest price since January 2007. The sporting goods store chain reported third-quarter adjusted earnings of 44 cents a share excluding some items, beating the average analyst estimate by 6 cents.
Intuit Inc. (INTU US) fell 6.8 percent, the most since August 2009, to $44.93. The provider of tax and personal-finance software forecast second-quarter profit excluding some items of 40 cents a share at most. The average analyst prediction in a Bloomberg survey was for earnings of 45 cents.
Kirkland’s Inc. (KIRK US) dropped the most in the Russell 2000 Index, slumping 17 percent to $10.79. The home accessories and gifts retailer reduced its full-year forecast, saying it expects to earn $1.29 a share at most. The company had projected profit of $1.42 at least.
Loral Space & Communication Inc. (LORL US) increased 17 percent, the most since April 2009, to $79.23. Telesat Holdings Inc., a Canadian firm that’s co-owned by the New York based satellite communications company, hired financial advisers to help sell itself in a deal that may be valued at $6 billion to $7 billion, three people with knowledge of the matter said.
Marvell Technology Group Ltd. (MRVL US) rose 6.1 percent to $20.09 for its biggest gain since Oct. 27. The maker of processors for the BlackBerry phone reported third-quarter sales and profit that exceeded the average analyst estimates in a Bloomberg survey.
Mela Sciences Inc. (MELA US) soared 97 percent, the most since its initial public offering in 2005, to $4.98. The medical device maker announced that a Food and Drug Administration advisory panel voted that skin-cancer diagnostic device MelaFind is safe and effective.
NetSuite Inc. (N US) rose 12 percent to $24.57, the highest price since February 2008. The maker of relationship management software was rated “buy” in new coverage by Feltl & Co.
Nike Inc. (NKE US) rose 4.1 percent to $85.81, the highest price since it went public in 1980. The world’s largest maker of athletic shoes boosted its quarterly dividend to 31 cents a share, beating the 29-cent dividend projection from Bloomberg.
Salesforce.com Inc. (CRM US) increased 18 percent to $136.74 for the biggest gain in the Standard & Poor’s 500 Index. The world’s largest seller of online customer-management software forecast fourth-quarter sales of at least $447 million, beating the average analyst estimate of $424.6 million.
Somaxon Pharmaceuticals Inc. (SOMX US) dropped 12 percent, the most since July 1, to $2.95. The San Diego-based drugmaker said it’s selling 8.8 million shares at $2.95 each
Staples Inc. (SPLS US) gained 4.7 percent, the most since Dec. 1, to $21.43. The world’s largest office-supply retailer is attractive because of widening margins and improving sales, Citigroup Inc. said in a note.
SunPower Corp. (SPWRA US) declined 6.7 percent, the most since June 7, to $12.31. The second-biggest U.S. manufacturer of solar modules was cut to “underperform” from “neutral” by Wedbush Securities Inc.
Western Digital Corp. (WDC US) had the second-biggest gain in the S&P 500, adding 5.2 percent to $33.98. The world’s second-biggest disk-drive maker was named “a positive research tactical idea by Morgan Stanley, which cited the stock’s underperformance and the potential of an increase in product pricing in the third quarter.
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