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

Advanced Battery, Curis, Micromet, Skyworks: U.S. Equity Movers

Don't Miss Out —
Follow us on:

April 6 (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.

Advanced Battery Technologies Inc. (ABAT US) rallied 20 percent, the most since June 2008, to $2.48. The maker of rechargeable batteries responded to the 14 allegations in a March 30 report published by Variant View Research and said the article “consisted of nothing more than innuendo and distortions.”

American Superconductor Corp. (AMSC US) plunged 42 percent to $14.47 for the biggest drop in the Russell 2000 Index. The maker of wind-turbine components and transmission lines said it expects to report a loss for the fiscal fourth-quarter after Sinovel Wind Group Co. refused to accept shipments. Revenue may be less than $42 million, the company said.

Cisco Systems Inc. (CSCO US) rose the most in the Dow Jones Industrial Average, climbing 4.9 percent to $18.07. The world’s largest maker of networking equipment may sell or spin off its consumer business, Morgan Stanley said in a note.

Curis Inc. (CRIS US) rallied 14 percent to $4.22, the highest price since October 2005. The drugmaker said preclinical data of three drug development candidates showed its platform can generate a range of differentiable small molecule inhibitors for cancer.

Intuitive Surgical Inc. (ISRG US) rose 3.8 percent to $365.23, the highest price since May 3. The maker of a robotic system to perform surgery rose after Morgan Stanley said in a report that Johnson & Johnson (JNJ US), the world’s second biggest seller of health-care products, may consider acquisitions worth more than $10 billion.

La-Z-Boy Inc. (LZB US) rallied 11 percent, the most since Feb. 16, to $10.92. The maker of living-room recliners was boosted to “buy” from “hold” at Keybanc Capital Markets.

The brokerage also raised Ethan Allen Interiors Inc. (ETH US) to “hold” from “underweight” and the stock climbed 6.4 percent to $23.41.

Micromet Inc. (MITI US) jumped 10 percent, the most since Jan. 11, to $5.82. The biotechnology company was lifted to “outperform” from “sector perform” by RBC Capital Markets.

MSC Industrial Direct Co. (MSM US) rose 6.4 percent to $75.04, the highest price since it went public in 1995. The maker of metalworking supplies forecast third-quarter earnings of at least 90 cents a share, beating the 82-cent average estimate of analysts.

Fastenal Co. (FAST US), the largest U.S. retailer of nuts, bolts and other fasteners, rose 2.8 percent to $68.61.

Monsanto Co. (MON US) dropped the most in the Standard & Poor’s 500 Index, sliding 5.7 percent to $69.16. The world’s largest seed company reported sales in the second quarter of $4.13 billion, missing the average analyst estimate of $4.15 billion.

Oclaro Inc. (OCLR US) climbed 7.6 percent, the most since Feb. 24, to $11.72. The sales-forecast cut by the maker of optical products used in telecommunications and aerospace was already anticipated and the stock price already reflected issues related to the inventory decline, Piper Jaffray Cos. said in a note.

Other makers of optical products also gained. Finisar Corp. (FNSR US) advanced 9 percent to $26.30. JDS Uniphase Corp. (JDSU US) rose 2.3 percent to $19.58.

ShoreTel Inc. (SHOR US) advanced 5.9 percent to $9.46, the highest price since January 2008. The U.S. maker of Internet phone systems for businesses had it share-price estimate increased to $12.50 from $9.50 at Piper Jaffray Cos.

Skyworks Solutions Inc. (SWKS US) fell 7 percent to $28.73, the lowest price since Dec. 31. The wireless semiconductor company may get “a lot” less revenue from Apple Inc.’s (AAPL US) iPhone 5 than iPhone 4, Forbes said, citing Charter Equity analyst Edward Snyder.

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.