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.
Financial shares fell as the European Central Bank damped speculation it would boost debt purchases and regulators said the region’s lenders need to raise more capital than previously estimated.
Morgan Stanley (MS US) lost 8.4 percent to $15.88. Citigroup Inc. (C US) decreased 7 percent to $27.75. JPMorgan Chase & Co. (JPM US) slumped 5.2 percent to $32.22. Goldman Sachs Group Inc. (GS US) fell 5 percent to $99.92.
Affymax Inc. (AFFY US) surged 36 percent, the most since it went public in December 2006, to $7.98. The Palo Alto, California-based company won a U.S. advisory panel’s backing for an experimental anemia medicine that would compete with treatments marketed by Amgen Inc. (AMGN US) and Johnson & Johnson (JNJ US).
Blyth Inc. (BTH US) slipped 15 percent, the most since June 4, to $59.60. The maker of candles and decorations said it expects cash flow from operations to be $35 million, down from a previous estimate of $45 million, because of a settlement of various income tax audits.
Central European Distribution Corp. (CEDC US) rose 18 percent to $6.04, the highest price since Oct. 27. Russian Standard Corp., the vodka producer’s biggest shareholder, offered help to cut the company’s debt and buy more shares.
DemandTec Inc. (DMAN US) soared 56 percent, the most in the Russell 2000 Index, to $13.15. International Business Machines Corp. (IBM US), the world’s biggest producer of computer services, agreed to buy the San Mateo, California-based company for about $440 million, adding Internet-based tools to help businesses make decisions based on consumer buying trends.
G-III Apparel Group Ltd. (GIII US) surged 18 percent, the most since June 2009, to $24.02. The clothing manufacturer that has licenses with Kenneth Cole Productions Inc. and the Timberland Co. reported third-quarter profit that beat analyst estimates and signed an agreement with Calvin Klein Inc. to open women’s clothing stores in the U.S. and China.
Hartford Financial Services Group Inc. (HIG US) fell 8.2 percent, the most since Aug. 18, to $17.20. The insurer said it is targeting additional cost cuts as the company copes with a “fragile economic recovery.”
Invacare Corp. (IVC US) dropped 29 percent, the most since 1984, to $14.70. The U.S. Food and Drug Administration proposed the maker of wheelchairs and nursing home furniture suspend operations at some facilities until they’re in FDA compliance.
McDonald’s Corp. (MCD US) had the only gain in the Dow Jones Industrial Average, rising 0.5 percent to $96.92. The world’s largest restaurant chain said sales at stores open at least 13 months increased 7.4 percent globally last month, driven by demand in Japan and China.
Pacific Sunwear of California Inc. (PSUN US) jumped 10 percent, the most since Aug. 23, to $1.49. The teen-apparel retailer received $160 million in financing and plans to shut as many as 24 percent of its stores as it works to return to profitability.
Tesla Motors Inc. (TSLA US) fell 9.7 percent, the most since Dec. 27, to $30.89. The U.S. electric-car maker was cut to “underweight” from “overweight” at Morgan Stanley.
THQ Inc. (THQI US) slid 38 percent, the most in the Russell 2000 Index, to 90 cents. The publisher of video games including “Saints Row” said holiday-season sales will miss its forecast. Revenue for the third quarter ending Dec. 31 will be about 25 percent below its forecast of $510 million to $550 million, THQ said.
W&T Offshore Inc. (WTI US) fell 5.7 percent, the most since Nov. 17, to $21.11. The oil and gas company with operations in the Gulf of Mexico was cut to “outperform” from “buy” at Credit Agricole Securities USA Inc. with a 12-month price estimate of $25 a share.