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.
Index changes: Varian Semiconductor Equipment Associates Inc. (VSEA US) will replace J. Crew Group Inc. (JCG US) in the Standard & Poor’s MidCap 400 Index, and Prestige Brands Holdings Inc. (PBH US) will replace Varian in the S&P SmallCap 600, S&P said. Varian rose 4 percent to $48.53. Prestige Brands jumped 9 percent to $11.55.
Semiconductor makers gained after JPMorgan Chase & Co. boosted its view on the industry to “constructive” from “cautious.” Xilinx Inc. (XLNX US) rose the most in the Standard & Poor’s 500 Index, climbing 5.6 percent to $34.54. Texas Instruments Inc. (TXN US) added 3.3 percent to $36.14.
Hudson City Bancorp Inc. (HCBK US) fell the most in the S&P 500, sinking 9 percent to $9.92. The savings and loan company “provided more negative disclosure” about its business in a regulatory filing, Barclays Plc said in a note. Hudson City said yesterday that it may be subject to higher capital requirements and face restrictions on its dividend payments.
MBIA Inc. (MBI US) declined 4.8 percent to $10.52, the lowest price since Dec. 29. The company that backed some of Wall Street’s most toxic debt securities settled $19 billion in guarantees with five financial institutions since September, resolving the obligations with a one-time payment.
McDermott International Inc. (MDR US) rose 9.4 percent to $24.49 for the biggest increase in the Russell 1000 Index. The offshore oil and gas contractor agreed to form a strategic alliance with the State Oil Co. of Azerbaijan, or Socar, to develop pipeline projects in the Azeri section of the Caspian Sea.
MetLife Inc. (MET US) slipped 5.7 percent to $43.41 for the second-biggest loss in the S&P 500. The largest U.S. life insurer said 146.8 million of its shares will be sold in public offerings as the firm raises funds to redeem securities given to American International Group Inc. in the purchase of a non-U.S. life insurer.
PPL Corp. (PPL US) rose 3.4 percent, the most since June 2009, to $25.74. The owner of Pennsylvania’s second-largest utility agreed to buy E.ON AG’s power grid in central England for 3.5 billion pounds ($5.6 billion) in cash to triple its customers in the U.K.
Scientific Games Corp. (SGMS US) rose 4.9 percent, the most since Jan. 24, to $9.45. The New York-based gaming company reported fourth-quarter sales that beat the average analyst estimate by 4.9 percent, Bloomberg data show.
Sina Corp. (SINA US) fell 5.9 percent to $77.15, for the biggest decline since Feb. 22. The owner of China’s third-most visited website posted a loss in the fourth quarter, missing analysts’ estimates, because of an investment writedown. The company also agreed to pay $66 million for a stake in Mecox Lane Ltd. (MCOX US), a Shanghai-based online apparel retailer. Mecox rose 7.4 percent to $6.10.
Shanda Games Ltd. (GAME US) rallied 18 percent to $6.82 for the biggest gain since its initial public offering in September
2009. The Chinese maker of online-games reported fourth-quarter profit that topped analysts’ estimates and said it plans to buy back as much as $150 million of shares. ThinkEquity LLC raised the stock’s rating to “buy” from “hold.”
TiVo Inc. (TIVO US) fell 9.1 percent to $8.93, the lowest price since Jan. 3. The digital-video recording pioneer reported a fourth-quarter loss of 30 cents a share, 6 percent wider than the average analyst estimate, Bloomberg data show.
VeriFone Systems Inc. (PAY US) rose 8.6 percent, the most since May 27, to $48.45. The second-largest maker of electronic payment equipment forecast annual earnings and revenue that beat the average analyst estimate. The company also said earnings for the first quarter were 43 cents a share, more than the projected 39 cents, according to Bloomberg data.
Weatherford International Ltd. (WFT US) slumped 10 percent to $21.14 for the biggest loss in the Russell 1000 Index. The oilfield-services provider delayed its annual report and expects to make about $500 million in adjustments from 2007 to 2010, according to a regulatory filing with the U.S. Securities and Exchange Commission.
Yahoo! Inc. (YHOO US) advanced 3.3 percent, the most since Jan.27 to $16.63. The most-visited U.S. Web portal is in talks to dispose of its 35 percent stake in its Japanese joint venture with Softbank Corp., according to two people briefed on the matter.