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.
AT&T Inc. (T US) fell 3.9 percent, the most since Aug. 8, to $29.48. The U.S. government sued to block its proposed $39 billion acquisition of T-Mobile USA Inc., saying the deal would “substantially lessen competition” in the wireless market.
Rival wireless provider Sprint Nextel Corp. (S US) surged
5.9 percent to $3.76. Clearwire Corp. (CLWR US) advanced 11 percent to $3.21. Dish Network Corp. (DISH US) rose 6.5 percent to $24.86.
E*Trade Financial Corp. (ETFC US) gained the most in the Standard & Poor’s 500 Index, adding 7.4 percent to $12.36. The online brokerage had its third-quarter earnings estimate raised to 17 cents a share from 16 cents a share at Macquarie Group Ltd.
Fresh Market Inc. (TFM US) gained 11 percent, the most since Nov. 5, to $38.61. The Greensboro, North Carolina-based grocery chain boosted its forecast for full-year earnings to a range of $1.03 to $1.06 a share from a range of $1.01 to $1.05 a share.
Lions Gate Entertainment Corp. (LGF US) slid 7.5 percent, the most since June 2009, to $6.96. Billionaire investor Carl Icahn agreed to sell his Lions Gate Entertainment shares for $7 each, roughly his cost, to end a battle for control over the independent film and television studio. The parties also agreed to end all litigation, according to a statement issued by Icahn and Lions Gate, the studio behind the “Saw” movies and “Mad Men” TV show.
LTX-Credence Corp. (LTXC US) slumped 14 percent to $5.69 for the second-biggest retreat in the Russell 2000 Index. The maker of semiconductor testing systems reported fourth-quarter adjusted earnings of 27 cents a share, below the average analyst estimate of 28 cents a share, according to a Bloomberg survey.
Omnova Solutions Inc. (OMN US) declined 10 percent to $4.41, the lowest price since September 2009. The polymer maker cut its forecast for 2011 earnings to as little as 40 cents a share, below the 59 cent average analyst estimate from a Bloomberg survey. The company cited a “deceleration in the global economy.”
Openwave Systems Inc. (OPWV US) rallied 30 percent, the most in the Russell 2000 Index, to $1.91. The maker of software for mobile phones filed a complaint with the International Trade Commission against Apple Inc. (AAPL US) and Research In Motion Ltd. (RIMM US), saying the two companies’ iPhone and BlackBerry products infringe on Openwave patents.
Stereotaxis Inc. (STXS US) advanced 16 percent, the most since July 2010, to $1.30. The maker of magnetic instruments that guide catheters used in heart surgery established a strategy committee to “evaluate various capital raising strategies” to fund “growth initiatives,” according to Chairman Fred Middleton.
TriQuint Semiconductor Inc. (TQNT US) lost 7.1 percent to $7.58 for its biggest decline since Aug. 18. The chipmaker was cut to “equal weight” from “overweight” at Barclays Plc.
Vera Bradley Inc. (VRA US) climbed 15 percent, the most since Oct. 21, to $35.14. The seller of women’s fashion accessories boosted its full-year earnings forecast to as much as $1.35 a share from no more than $1.30 a share.
Zale Corp. (ZLC US) fell 14 percent, the most since Aug. 8, to $4.08. The third-largest U.S. jewelry chain reported a fourth-quarter loss from continuing operations of $1.02 a share.