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Allot Communications, Chico’s, TripAdvisor: U.S. Equity Movers

Dec. 23 (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.

Allot Communications Ltd. (ALLT US) fell 5.6 percent to $15.75, the lowest price since Nov. 29. Bloomberg News reported that the Israeli company sold its Internet-monitoring gear to technology distributor RanTek A/S, which repackaged it and shipped it to Iran. Israel prohibits trading with Iran. The company said it complies with applicable laws and regulations and is investigating the claims in the article.

Chico’s FAS Inc. (CHS US) rose 5.5 percent to $11.12, the third-biggest gain in the Russell 1000. The women’s clothing retailer is trading “extremely cheaply,” making it a target for private equity investors, DealReporter said, citing an industry banker it didn’t name. Chico’s didn’t return DealReporter’s calls.

Eastman Kodak Co. (EK US) gained 9.5 percent, the most since Oct. 6, to 69 cents. The unprofitable 131-year-old imaging company said its board elected Laura Quatela as a second president beginning next year to serve alongside Philip Faraci.

Rambus Inc. (RMBS US) rose 12 percent, the most since Nov. 17, to $8.21. The designer of high-speed memory chips said it settled patent disputes with Broadcom Corp. (BRCM US) and signed a five-year licensing agreement.

Shutterfly Inc. (SFLY US) dropped 4.5 percent, the most since Dec. 13, to $23.96. The Internet-based photo storage and printing company forecast fourth-quarter net revenue of no more than $264 million, lower than the earlier estimate of at least $270.5 million.

TripAdvisor Inc. (TRIP US) rose 6.1 percent, the biggest gain on the Standard and Poor’s 500 Index, to $26.02. The world’s largest travel site was rated “neutral” in new coverage at UBS AG, with a price estimate of $27.

Yanzhou Coal Mining Co. (YZC US) jumped 7.2 percent, the most since Oct. 27, to $21.47. China’s fourth-biggest coal producer agreed to buy Sydney, Australia-based Gloucester Coal Ltd. (GCL AU) for about A$2.1 billion ($2.1 billion) in cash and shares.

To contact the reporter on this story: Katia Porzecanski in New York at kporzecansk1@bloomberg.net

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net

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