March 8 (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.
Airlines rose after UBS AG analyst Kevin Crissey said revenue was “solid” in February and the group appears to be “doing a better job” passing on higher fuel prices than in 2008.
Southwest Airlines Co. (LUV US) climbed 7.6 percent to $12.66, the second-biggest gain in the Standard & Poor’s 500 Index. Delta Air Lines Inc. (DAL US) rose 9.7 percent to $11.07. United Continental Holdings Inc. (UAL US) added 6.3 percent to $24.78. AMR Corp. (AMR US) gained 7.1 percent to $6.65.
Arrow Electronics Inc. (ARW US) jumped 6 percent, the most since Jan. 18, to $40.26. The electronic-components distributor was raised to a “buy” from “hold” at Stifel Nicolaus & Co.
Bank of America Corp. (BAC US) rose the most in the Dow Jones Industrial Average, climbing 4.7 percent to $14.69. The largest U.S. lender said its residential mortgage business is in “recovery mode” after contributing to a net loss last year and will be “transitioning to business as usual” in 2012.
Broadsoft Inc. (BSFT US) soared 36 percent to $47.50 for the second-biggest increase in the Russell 2000 Index. The maker of telecommunications software said first-quarter earnings may be as much as 11 cents a share, compared with the average analyst estimate for 9 cents. Revenue will be at least $27 million, also exceeding the projections.
Brown-Forman Corp. (BF/B US) rose 4.8 percent to $70.67, the highest price since at least 1988. The maker of Jack Daniel’s whiskey and Finlandia vodka increased its full-year forecast, saying it expects earnings excluding some items of at least $3.35 a share. That topped the average analyst estimate of $3.31 in a Bloomberg survey.
Casey’s General Stores Inc. (CASY US) fell 7 percent, the most since December 2008, to $37.71. The Iowa-based operator of convenience stores in the U.S. Midwest posted third-quarter adjusted earnings that missed the average analyst forecast, Bloomberg data show.
China Security & Surveillance Technology Inc. (CSR US) rose the most since April 2006, rallying 28 percent to $5.24. The maker of security systems said Chairman and Chief Executive Officer Guoshen Tu offer to take the company private at $6.50 a share.
Dick’s Sporting Goods Inc. (DKS US) rose 6 percent to $39.94, the highest price since its initial public offering in October 2002. The largest publicly traded U.S. athletic store forecast earnings of as much as $1.91 a share in 2011, more than the average analyst estimate of $1.86 a share in a Bloomberg survey.
Lawson Software, Inc. (LWSN US) surged 13 percent, the most since November 2008, to $11.19. The maker of business management software hired Barclays Bank Plc to explore a possible sale, Reuters reported
McDonald’s Corp. (MCD US) fell the most in Dow Jones Industrial Average, slipping 1 percent to $75.54. The world’s biggest restaurant chain reported sales at stores open at least 13 months rose 2.7 percent in the U.S. last month, missing analysts’ estimates.
MoneyGram International Inc. (MGI US) climbed 14 percent, the most since May 10, to $3.05. The money-transfer business said it entered a recapitalization agreement with Thomas H. Lee Partners and Goldman Sachs Group Inc. that would result in the two firms owning a combined 85.4 percent stake in MoneyGram.
National Semiconductor Corp. (NSM US) slumped 3 percent, the most since Dec. 10, to $14.69. The Santa Clara, California-based chipmaker was cut to a “sell” from “hold” at Citigroup Inc.
Netflix Inc. (NFLX US) fell 5.8 percent to $195.45 for the second-biggest retreat in the S&P 500. The mail-order and online movie-rental service slipped after Warner Bros. said it will offer films for purchase or rental through Facebook.
PulteGroup Inc. (PHM US) rose the most in the S&P 500, climbing 8.4 percent to $7.09. The homebuilder said it signed up 2,674 homes for sale in the first two months of this year, or a decline of less than 7 percent from a year earlier on an adjusted basis. The orders showed “demand continues to stabilize and slightly improve entering the current spring selling season,” JPMorgan Chase & Co. said in a note.
Other builders also climbed. Lennar Corp. (LEN US) advanced 3.9 percent to $20.16. D.R. Horton Inc. (DHI US) rose 4.9 percent to $11.89.
M.D.C. Holding Inc. (MDC US) gained the most in the Russell 1000 Index, jumping 11 percent to $27.52. The homebuilder was boosted to “outperform” from “neutral” by Credit Suisse Group AG.
Sprint Nextel Corp. (S US) rose 4.9 percent to $4.70, the highest value since Oct. 26. Deutsche Telekom AG has held talks to sell its T-Mobile USA unit to Sprint in exchange for a major stake in the combined entity, said people with knowledge of the matter.
Stage Stores Inc. (SSI US) rose 14 percent, the most since March 2009, to $18.37. The clothing retailer reported fourth-quarter profit that topped analysts’ estimates and said it plans to buy back $200 million shares.
Sun Hydraulics Inc. (SNHY US) climbed 11 percent to $41.67 the highest price since July 2008. The maker of screw-in hydraulic cartridge valves and manifolds forecast first-quarter profit of 50 cents a share at least, topping both analysts’ estimates in a Bloomberg survey.
Urban Outfitters Inc. (URBN US) declined 17 percent to $31.66 for the biggest retreat in the S&P 500. The Philadelphia-based clothing chain operator had fourth-quarter earnings of 45 cents a share excluding some items, falling short of the average analyst projection.
Vertex Pharmaceuticals Inc. (VRTX US) dropped 5.7 percent, the most since October 2009, to $46.80. Rival Pharmasset Inc.’s experimental hepatitis C therapies may pose a challenge to treatments from Vertex, based on trial results to be released in late March, BMO Capital Markets Corp. analysts said.
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