Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

A123, Lennar,, Sprint, Starwood: U.S. Equity Movers

March 29 (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.

For-profit educators fell as Apollo Group Inc. (APOL US) forecast fiscal year 2012 revenue of no more than $4.25 billion, missing the average analyst estimate of $4.55 billion.

Apollo declined 4.3 percent to $40.55 for the biggest retreat in the Standard & Poor’s 500 Index. Strayer Education Inc. (STRA US) slid 5 percent to $127.06. ITT Educational Services Inc. (ESI US) dropped 3.3 percent to $68.37.

A123 Systems Inc. (AONE US) slumped 13 percent to $6.77, the lowest price since Aug. 31. The lithium-ion battery maker forecast first-quarter sales of $18 million at most, trailing the average analyst estimate of $21.4 million in a Bloomberg survey. The company said it plans to offer 18 million shares and $125 million in convertible notes.

AK Steel Holding Corp. (AKS US) climbed 5.2 percent to $16.42, the second-biggest gain in the Standard & Poor’s 500 Index. SAC Capital Advisors LP, the $12 billion hedge fund run by Steven A. Cohen, reported a 4.8 percent passive stake in the third-largest U.S. steelmaker by sales.

Allot Communications Ltd. (ALLT US) jumped 11 percent, the most since March 2009, to $14.94. The provider of technology that enables broadband service providers to manage their networks was rated “outperform” in new coverage by Oppenheimer & Co.

Anadigics Inc. (ANAD US) slid 8 percent, the most since Nov. 1, to $4.28. The maker of chips for cell phones said Chief Executive Officer Mario Rivas and senior vice president Greg White resigned. Ron Michels will become CEO.

CardioGenesis Corp. (CGCP US) surged 40 percent, the most since June 2006, to 44.7 cents. The medical device company agreed to be bought by CryoLife Inc. (CRY US) for 45.7 cents a share.

CVB Financial Corp. (CVBF US) rallied 9.1 percent, the most since October 2009, to $8.84. The bank holding company was raised to “outperform” from “market perform” by Timothy Coffey, an analyst at FIG Partners.

GSI Group Inc. (GSIG US) fell 9 percent, the most since July 9, to $10.78. The maker of equipment used by manufacturers said fiscal first-quarter sales will be as low as $86 million, less than the $93.4 million estimate from Jared Wein, an analyst at CJS Securities.

Gulf Resources Inc. (GFRE US) surged 20 percent, the most since August 2009, to $6.60. The manufacturer of chemical products used for oil and gas field exploration and distribution was rated “buy” in new coverage at Brean Murray Carret & Co.

Hertz Global Holdings Inc. (HTZ US) slumped 5.4 percent to $15.40. The car-rental company estimated a first-quarter adjusted net loss of $17.3 million to $22.2 million, saying worldwide car rental revenue was hurt by winter storms.

Home Depot Inc. (HD US) rose 2.9 percent to $37.70, the biggest gain in the Dow Jones Industrial Average. The largest U.S. home-improvement retailer sold $2 billion of bonds, according to data compiled by Bloomberg. The Atlanta-based company will use proceeds to replace $1 billion of 5.2 percent notes issued in 2006 that matured March 1 and to buy its own stock, according to a Securities and Exchange Commission filing.

Lennar Corp. (LEN US) slipped 3.4 percent to $19.07 for the second-biggest retreat in the S&P 500. The homebuilder posted a 13 percent decline in consolidated orders during the first quarter, missing an average 2 percent increase expected by analysts, according to Deutsche Bank AG, which estimated a 9 percent drop.

Molycorp. Inc. (MCP US) jumped 7.5 percent to $59.65, the highest price since Jan. 5. JPMorgan Chase & Co. raised its price target to $74 a share from $66.

Quest Diagnostics Inc. (DGX US) rose 4 percent, the most since April 2009, to $56.96. The provider of medical diagnostic tests was raised to “outperform” from “neutral” by Credit Suisse Group AG analyst Ralph Giacobbe.

Phillips-Van Heusen Corp. (PVH US) rallied 8.4 percent, the most since May 10, to $65.20. The clothing maker said first-quarter earnings excluding some items will be as low as $1.14 a share, less than the average analyst estimate of $1.18. Inc. (SOHU US) gained 7.8 percent, the most since Nov. 8, to $89.60. The operator of China’s fourth most-visited website rose because Qihoo 360 Technology Co. (QIHU US), the Beijing-based provider of computer anti-virus products and Web browsers, is scheduled to list its stock on New York Stock Exchange tomorrow, according to C. Ming Zhao, an analyst with Susquehanna International Group.

Sprint Nextel Corp. (S US) had the third-biggest loss in the S&P 500, erasing 3.4 percent to $4.62. AT&T Inc.’s (T US) planned $39 billion takeover of T-Mobile USA “still looks doable,” Stifel Nicolaus & Co. said in a note to clients. Sprint, the third-largest U.S. wireless provider, said this week that the transaction will damage industry competition and called on the government to block it.

Starwood Hotels & Resorts Worldwide Inc. (HOT US) rose 3.9 percent, the most since Nov. 4, to $57.51. Chief Executive Officer Frits van Paasschen, whose company owns the St. Regis and W brands, said growth in travel is contributing to an increase in fuel costs.

Teekay Tankers Ltd. (TNK US) increased 9.7 percent, the most since March 2009, to $10.70. The owner of crude-oil tankers was raised to “buy” from “underperform” at Bank of America Corp., which cited an overdone selloff.

Tokyo Electric Power Co. (TKECF US) fell 14 percent to $6.50, the lowest price since 1996. The Japanese government was considering taking over the operator of the stricken Fukushima Dai-Ichi nuclear plant, the Yomiuri newspaper reported. Tokyo Electric President Sakae Muto said he is unaware of any discussions to nationalize the power utility.

To contact the reporter on this story: Lu Wang in New York at

To contact the editor responsible for this story: Nick Baker at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.