Dec. 22 (Bloomberg) -- Shares of the following companies are having unusual moves in U.S. trading. Stock symbols are in parentheses, and prices are as of 11:15 a.m. in New York.
Banks advanced after Federal lawmakers agreed to fund the government at current levels through March 4, denying budget increases U.S. financial regulators needed to meet new responsibilities imposed by the Dodd-Frank Act.
JPMorgan Chase & Co. (JPM US) rose the most in the Dow Jones Industrial Average, climbing 2.8 percent to $42.13. Regions Financial Corp. (RF US) gained 5 percent to $6.78. SunTrust Banks Inc. (STI US) added 4.2 percent to $29.02. First Horizon National Corp. (FHN US) increased 4.5 percent to $11.79.
Bank of America Corp. (BAC US) rose 2.7 percent to $13.33. Information that may be released by WikiLeaks is unlikely to be new, said Dick Bove, an analyst at Rochdale Securities.
Airgas Inc. (ARG US) fell 3.2 percent to $1.22 after sliding to $60.55 earlier, the lowest intraday price since Nov. 23. The company trying to fight off a hostile takeover by Air Products & Chemicals Inc. said its board unanimously rejected the revised unsolicited tender offer from Air Products for $70 a share in cash.
American Eagle Outfitters Inc. (AEO US) declined 3.2 percent to $14.30 after dropping to $14.23 earlier, the lowest intraday price since Sept. 23. The young-adult clothing retailer was cut to “neutral” from “buy” at SunTrust Banks Inc.
ARM Holdings Plc (ARMH US) rose 4.1 percent to $20.59 after climbing to $21.03 earlier, the highest intraday price since February 2001. Microsoft Corp. (MSFT US) is set to unveil a version of its Windows computer operating system that runs on the British company’s technology for the first time.
Camac Energy Inc. (CAK US) fell the most in the Russell 2000 Index, slumping 23 percent to $2.04. The oil and gas company said it sold 9.09 million shares for $2.20 a share to some investors.
Carnival Corp. (CCL US) gained 4 percent to $47 and advanced to $47.05 earlier, the highest intraday price since November 2007. The world’s biggest cruise-line operator was raised to “buy” from “hold” at Standard & Poor’s.
Cumberland Pharmaceuticals Inc. (CPIX US) dropped 8 percent to $6.35 after sinking as much as 16 percent, the most intraday since May 14. The Nashville, Tennessee-based drugmaker said it received a complete response letter from the U.S. Food and Drug Administration on its supplemental new drug application for Acetadote injection to treat patients with non-acetaminophen induced acute liver failure.
Jacobs Engineering Group Inc. (JEC US) had the second-biggest gain in the Standard & Poor’s 500 Index, adding 6.3 percent to $46.94. The third-largest listed U.S. engineering company agreed to buy some Aker Solutions ASA (AKSO NO) units for an estimated $675 million to expand its metals and mining business.
Krispy Kreme Doughnuts Inc. (KKD US) slumped 4.1 percent to $7.69 after dropping 5.4 percent earlier, the most intraday since Nov. 30. The doughnut chain was cut to “sell” from “hold” at BGB Research.
Lindsay Corp. (LNN US) fell 4.7 percent to $64.40 after erasing as much as 7.5 percent, the most intraday since Nov. 12. The maker of GrowSmart irrigation equipment posted first-quarter earnings of 34 cents a share, missing the average analyst forecast for 49 cents a share, according to a Bloomberg survey.
Nike Inc. (NKE US) slipped 5.5 percent to $87.19 for the biggest decline in the S&P 500. The world’s largest maker of athletic shoes reported second-quarter revenue of $4.84 billion, compared with the average estimate for $4.82 billion. Future orders for December to April also rose 11 percent for a total of $7.7 billion, excluding currency fluctuations, from a year ago. That missed the 12.4 percent gain anticipated by some analysts.
Finish Line Inc. (FINL US), an athletic apparel retailer, dropped 7.5 percent to $17.39.
Orbitz Worldwide Inc. (OWW US) fell 7.1 percent to $5.98 after sinking as much as 8.5 percent, the most intraday since Nov. 4. AMR Corp.’s (AMR US) American Airlines won a court ruling allowing it to pull listings from Orbitz and said it will immediately stop displaying and selling tickets on the online travel site.
Oxford Industries Inc. (OXM US) jumped 20 percent to $26.67 after rallying 25 percent earlier, the most intraday since June 9. The maker of Tommy Bahama clothing said it bought Sugartown Worldwide Inc. for $60 million.
Priceline.com Inc. (PCLN US) gained 3.2 percent to $419.89 after jumping 3.4 percent earlier, the most intraday since Dec. 1. The online travel agency was raised to “buy” from “hold” at ThinkEquity LLC. The 12-month share-price estimate is $530.
Progress Software Corp. (PRGS US) rose 7.1 percent to $44.10 after rallying to $45.23 earlier, the highest intraday price since July 1991. The maker of business programs raised its 2011 earnings forecast higher than the average analyst estimate and boosted its projection for revenue next year.
Red Hat Inc. (RHT US) had the second-biggest decline in the S&P 500, sliding 5.1 percent to $45.43. The largest seller of the Linux operating system maintained its cash flow estimate while raising its fourth-quarter earnings estimate, suggesting the company anticipates “challenges” in increasing billings, CapStone Investments analyst James N. Gilman wrote in a note.
SunOpta Inc. (STKL US) dropped 4.4 percent to $8.09 after sinking 10 percent earlier, the most intraday since July 12. The organic food producer was cut to “sell” from “hold” by Desjardins Securities Inc.
Supervalu Inc. (SVU US) rose 4.8 percent to $9.27 and climbed to $9.33 earlier, the highest intraday price since Nov. 23. The Eden Prairie, Minnesota-based grocer was boosted to “buy” from “neutral” at Hapoalim Securities.
Teradata Corp. (TDC US) fell 2.8 percent to $41.84 after erasing as much as 4.4 percent, the most intraday since Oct. 6. The data-storage software company agreed to buy Aprimo Inc., a developer of cloud-based integrated marketing software, for about $525 million.
Walgreen Co. (WAG US) gained 6.7 percent to $39.30 for the biggest increase in the S&P 500. The largest U.S. drug-store chain had fiscal first-quarter profit of 62 cents a share. Analysts surveyed by Bloomberg had estimated profit of 54 cents on average.
Whitney Holding Corp. (WTNY US) soared 31 percent to $14.21 for the gain in the Russell 2000 Index. The lender to the oil and gas industries agreed to sell itself to Hancock Holding Co. (HBHC US) for $1.5 billion, or $15.48 a share. Hancock fell 5.4 percent to $35.04.
Xilinx Inc. (XLNX US) slid 3.4 percent to $27.43 after falling 6.3 percent earlier, the most intraday since Nov. 11. The semiconductor maker cut its forecast, saying the December quarter sales will be down 7 percent to 9 percent from the previous quarter. That compares with a previous estimate for revenue flat to down 4 percent.
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