Sept. 9 (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 Analogic Technologies Inc. (AATI US) fell the most in the Russell 2000 Index, slumping 22 percent to $4.62. Skyworks Solutions Inc. (SWKS US) said the maker of power-management chips for mobile phones and computers has failed to perform its obligations under their merger agreement, according to a regulatory filing.
Coca-Cola Enterprises Inc. (CCE US) declined 6 percent, the most since Aug. 8, to $25.34. The bottler said it made a mistake in threatening to reconsider a 17 million-euro ($24 million) manufacturing investment in southern France because of a sugar-related tax proposal.
Corning Inc. (GLW US) slipped 5.4 percent to $13.58, the lowest price since Aug. 10. The maker of glass for flat-panel televisions had its share-price estimate cut to $14.50 from $17.50 by JPMorgan Chase & Co., which cited lower-than-expected glass sales.
Hurco Cos. (HURC US) advanced 9.1 percent, the most since Aug. 23, to $25.76. The computer controller designer posted third-quarter earnings of 70 cents a share on revenue of $50.6 million and said it is beginning to see the “reward” from investments in China and India.
Kroger Co. (KR US) slumped 5.7 percent, the most since Dec. 2, to $22.02. The largest U.S. grocery-store chain said on a conference call that rising product costs continue to affect all parts of its business.
Rival Safeway Inc. (SWY US) fell 4.2 percent to $17.91.
Lazard Ltd. (LAZ US) declined 5.1 percent to $24.48, the lowest level since March 2009. The biggest non-bank merger adviser was cut to “neutral” from “buy” at Ticonderoga Securities LLC., which cited a slower recovery in mergers and acquisitions.
Regeneron Pharmaceuticals Inc. (REGN US) sank 9.1 percent, the most since April 29, to $65.62. The drugmaker was cut to “underperform” from “neutral” at Bank of America Corp. The Tarrytown, New York-based company was also lowered to “market perform” from “outperform” at Leerink Swann & Co., which cited the need for improved visibility on the launch of its blindness drug Eylea.
Ulta Salon Cosmetics & Fragrance Inc. (ULTA US) increased 15 percent to $68.45, the biggest gain in the Russell 1000 Index. The beauty-products retailer reported second-quarter earnings excluding some items of 38 cents a share, exceeding the average analyst estimate of 32 cents.
VeriSign Inc. (VRSN US) sank 15 percent, the largest decline in the S&P 500, to $29. The operator of computers that direct Internet traffic announced the departure of Chief Financial Officer Brian Robins, squelching speculation that it was poised to be acquired.
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