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.
Advance America Cash Advance Centers Inc. (AEA US) rose the most in the Russell 2000 Index, surging 32 percent to $10.44. The provider of short-term loans to individuals agreed to be bought by Grupo Elektra SAB (ELEKTRA* MM) for $655 million, or $10.50 a share.
Altra Holdings Inc. (AIMC US) slumped 4.6 percent, the most since Nov. 9, to $20.55. The maker of power-train components such as brakes and clutches forecast full-year profit excluding some items of $1.60 a share at most. That trails the average analyst estimate of $1.63 in a Bloomberg survey.
Amazon.com Inc. (AMZN US) slid 2.5 percent to $179.93 for the second-biggest retreat in the Standard & Poor’s 500 Index. Morgan Stanley cut its rating for the largest Internet retailer to equal-weight from overweight, meaning the return is expected to be in line with peers over the next 12 to 18 months.
Avis Budget Group Inc. (CAR US) declined 14 percent, the most since February 2010, to $12.58. The U.S. auto-rental chain reported a wider quarterly loss, reflecting costs from acquiring Avis Europe Plc.
Blue Nile Inc. (NILE US) dropped 10 percent, the most since Nov. 9, to $37.52. The online retailer of diamonds and fine jewelry forecast profit in 2012 of no more than 85 cents a share, missing the average analyst estimate of $1.06.
Build-A-Bear Workshop Inc. (BBW US) fell 27 percent to $5.95, the second-biggest retreat in the Russell 2000. The retail chain of make-your-own stuffed animals reported fourth-quarter profit that trailed analysts’ estimates as sales declined.
Cabela’s Inc. (CAB US) gained 14 percent to $32.31, the highest price since June 2004. The maker of hunting, fishing and camping gear reported fourth-quarter earnings of $1.06 a share, excluding some items, beating the average analyst estimate of 99 cents.
Clearwire Corp. (CLWR US) fell 4.7 percent, the most since Jan. 31, to $2.25. The wireless broadband provider reported a wider fourth-quarter loss on higher interest and tax costs and issued a full-year sales forecast of $1.25 billion, trailing analysts’ estimates of $1.36 billion.
GeoEye Inc. (GEOY US) gained 6.5 percent, the most since Dec. 16, to $21.75. The provider of satellite imagery had its rating raised by Raymond James & Associates, which said the threat of “draconian” U.S. federal budget reductions may fade in the next six to 12 months.
Hyperdynamics Corp. (HDY US) plunged 29 percent to $1.44 for the biggest retreat in the Russell 2000 Index. The oil and gas exploration company said its Sabu-1 well off the shore of Guinea reached its planned total depth and an analysis indicates larger volumes of oil were formerly present in reservoirs and may have since leaked out.
Itron Inc. (ITRI US) had the biggest increase in the Russell 1000, gaining 20 percent to $48.23. The maker of utility meters was raised to outperform from neutral by Robert W Baird & Co., meaning the firm expects the shares to beat the U.S. equity market in risk-adjusted total return over the next 12 months. Baird cited fourth-quarter results and the acquisition of Smart Synch to improve technology.
JM Smucker Co. (SJM US) fell the most in the S&P 500, losing 8.4 percent to $71.60. The maker of Folgers coffee reported third-quarter earnings excluding some items of $1.22 a share, missing the average analyst estimate of $1.41.
Leap Wireless International Inc. (LEAP US) rallied 10 percent, the most since Nov. 30, to $9.62. The Wall Street Journal reported that the regional pay-as-you-go wireless provider has been in talks with AT&T Inc. (T US) to sell itself.
Microsoft Corp. (MSFT US) rose 4.1 percent to $31.29, the highest price since April 2010. Standard & Poor’s is likely to increase Microsoft’s weighting in the S&P 500 by about 12 percent later this year because Chairman Bill Gates’s stock sales are increasing the amount of shares available for public trading, Adam Holt, an analyst at Morgan Stanley, wrote in a report today.
NetApp Inc. (NTAP US) rose 7.2 percent to $42.74 for the biggest advance in the S&P 500. The maker of data-storage products said revenue in the third quarter was $1.57 billion, above the average analyst estimate of $1.56 billion. The company said it won a record number of new customers and significantly increased the amount of units shipped.
Stifel Financial Corp. (SF US) jumped 9.9 percent to $39.56, the highest price since July 27. The St. Louis-based financial-services company reported revenue in the fourth-quarter of $356.9 million, beating the average analyst estimate of $341.2 million.
Theravance Inc. (THRX US) advanced 6.6 percent to $19.30, the highest price since Jan. 30. The maker of treatments for respiratory disorders and bacterial infections reported positive topline results from a study of Maba, a drug for chronic obstructive pulmonary disease, according to Ronny Gal, an equity analyst at Sanford C. Bernstein & Co. in New York.
TRW Automotive Holdings Corp. (TRW US) rose 14 percent, the most since August 2009, to $47.43. The world’s biggest supplier of vehicle-safety equipment topped analysts’ profit estimates, boosted by increased auto production in North America and demand for its safety products.
Universal Forest Products Inc. (UFPI US) jumped 13 percent to $36.85, the highest price since April 7. The maker of do-it-yourself lumber products posted fourth-quarter sales of $422 million, beating the average of 2 analyst estimates of $365 million.
Valassis Communications Inc. (VCI US) climbed 15 percent, the most since April 28, to $26.31. The provider of targeted-mail services reported fourth-quarter sales and earnings that beat analysts’ estimates.