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Apogee, FedEx, Michael Kors, SonoSite, WebMD: U.S. Equity Movers

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.

Apogee Enterprises Inc. (APOG US) rose 16 percent to $12.25, the intraday price since July 22. The maker of glass products reported third-quarter revenue of $174.9 million, compared with the average analyst estimate of $171 million.

BioSante Pharmaceuticals Inc. (BPAX US) plunged 77 percent to 48 cents, the biggest drop since at least September 1999. The developer of hormone-replacement products’ LibiGel, an experimental compound intended to boost women’s libido, failed to work in two large studies. Antares Pharma Inc. (AIS US), which is developing the pharmaceutical delivery system for LibiGel, retreated 30 percent to $1.67.

Bonanza Creek Energy Inc. (BCEI US) declined 20 percent to $13.61 on the first day of trading. The Denver-based oil and natural gas company sold 10 million shares at $17 a share, below the planned range of $20 to $22 a share.

Deckers Outdoor Corp. (DECK US) had the biggest decline in the Russell 1000 Index, erasing 9.6 percent to $86.46. The maker of Ugg boots and Teva sandals was cut to “underperform” from “buy” by Sterne Agee & Leach Inc.

FedEx Corp. (FDX US) advanced 8 percent, the most since April 2009, to $83.47. The operator of the world’s biggest cargo airline reported second-quarter profit of $1.57 a share, beating the average analyst estimate of $1.53.

First Solar Inc. (FSLR US) declined 6 percent to $31.45, the biggest decline in the S&P 500. The world’s largest maker of thin-film solar panels was downgraded to “neutral” from “outperform” at Robert W. Baird & Co., which cited the “negative impact” of the company’s effort to transform itself from a technology to an energy company.

Imperial Sugar Co. (IPSU US) tumbled 24 percent to $3.31, the lowest intraday price since December 2002. The Sugar Land, Texas-based company said it expects to include concern about staying in business in its financial statement for the year ended Sept. 30. The company canceled a conference call with investors scheduled today.

Michael Kors Holdings Ltd. (KORS US) rallied 21 percent to $24.27 on the first day of trading. The clothing company founded by the designer of that name raised $944 million in an initial public offering, 19 percent more than it sought, after pricing its shares above the marketed range.

Nordson Corp. (NDSN US) fell 9.2 percent, the most since Aug. 8, to $40.43. The maker of adhesive equipment said first-quarter earnings excluding some items will be no more than 61 cents a share, below the average analyst estimate of 67 cents a share.

Novellus Systems Inc. (NVLS US) rallied 16 percent to $40.37 for the biggest advance in the S&P 500. The maker of machinery used in semiconductor production was acquired by Lam Research Corp. (LRCX US) for about $3.3 billion in stock, combining two of the chip-equipment industry’s biggest companies in a challenge to market leader Applied Materials Inc. (AMAT US). Lam Research fell 8.4 percent to $36.17.

SonoSite Inc. (SONO US) surged 27 percent to $53.70, the highest price since 1998. The ultrasound-equipment maker agreed to be acquired by Fujifilm Holdings Corp. (FUJIY US) for about $995 million, or $54 a share, including debt owed to noteholders.

WebMD Health Corp. (WBMD US) rose 9.1 percent to $37.75, the highest price since July 15. The medical-information company is being targeted by four buyout firms, including KKR & Co. and Providence Equity Partners LP, the New York Post reported, citing unidentified people with knowledge of the matter. A spokeswoman for WebMD didn’t return calls requesting comment, the newspaper said.

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