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.
Commodity and industrial companies retreated as reports showed manufacturing contracted in Europe and China. Alcoa Inc. (AA US) fell 2.5 percent, the most in the Dow Jones Industrial Average, to $10.01. Caterpillar Inc. (CAT US) slipped 2.4 percent to $106.43. Alpha Natural Resources Inc. (ANR US) slid 4 percent to $16.03.
QEP Resources Inc. (QEP US) fell 4.6 percent to $30.45. Cliffs Natural Resources Inc. (CLF US) dropped 2.9 percent to $69.05. Range Resources Corp. (RRC US) declined 5.7 percent to $58.90.
Convergys Corp. (CVG US) rose 10 percent to $14.02, the highest price since May 3. The operator of customer-service call centers agreed to sell its information-management business to NEC Corp. (6701 JP), Japan’s biggest telecommunications equipment maker, for $449 million.
Costamare Inc. (CMRE US) fell 9 percent, the most since it went public in November 2010, to $14.10. The Athens, Greece-based owner of container ships said it will sell 7.5 million shares in a secondary public offering, and may use the proceeds to acquire vessels and repay debt.
Discover Financial Services (DFS US) rose the third-most in the S&P 500, adding 2.7 percent to $32.49. The payments network company said fiscal first-quarter profit rose 36 percent to a record as consumers spent more on credit cards.
FedEx Corp. (FDX US) fell 3.5 percent, the most since Dec. 19, to $92.50. The world’s largest cargo airline forecast a profit range for its current fiscal quarter whose low end trailed analysts’ estimates amid slowing express-shipment demand.
FuelCell Energy Inc. (FCEL US) decreased 12 percent, the most since Dec. 13, to $1.55. The manufacturer of fuel-cell power plants said it will sell shares in a public offering without specifying the amount, and that it will use the proceeds for growth capital and general corporate purposes.
Lions Gate Entertainment Corp. (LGF US) slipped 7.2 percent, the most since Aug. 31, to $14.55. The company that is scheduled to release the first of four planned “Hunger Games” films tomorrow was cut to equalweight from overweight at Evercore Partners. The rating means the stock is expected to perform in line with the average total return of companies the analyst covers over the next 12 months.
Pozen Inc. (POZN US) jumped 8.8 percent to $5.22, the highest price since May 20. The pharmaceutical company said it expects to submit a new drug application to the U.S. Food and Drug Administration in the third quarter based on data from studies of a tablet containing immediate-release omeprazole and delayed-release aspirin.
Quicksilver Resources Inc. (KWK US) fell 5.9 percent, the most since March 2, to $5.30. The oil and gas producer based in Fort Worth, Texas, received a notice from the New York Stock Exchange because its 2011 annual report hasn’t been filed. The company provided an unaudited statement on March 15 showing net income of $27.4 million, or 16 cents, on revenue of $226.1 million. It said the filing of the annual report was delayed by “efforts to complete the 2011 integrated control and financial statement audit.”
Shoe Carnival Inc. (SCVL US) rose 21 percent, the most since 1996, to $32.11. The footwear retailer forecast first-quarter sales of at least $219 million, exceeding the average analyst estimate of $207.3 million.
Sonic Corp. (SONC US) fell 6.3 percent, the most since March 8, to $7.54. The operator of drive-in restaurants reported second-quarter revenue of $115.1 million, missing the average analyst estimate of $116.8 million.
Sturm Ruger & Co. (RGR US) advanced 13 percent to $47.93, the highest price since at least 1980. The firearms maker said it stopped accepting new orders until May after booking exceeded 1 million units in the first quarter.
Smith & Wesson Holding Corp. (SWHC US), a handgun manufacturer, rallied 11 percent to $7.68.
Terex Corp. (TEX US) declined 3.9 percent, the most since March 6, to $23.52. The world’s third-biggest maker of construction equipment said it will issue $300 million in senior unsecured notes and may use the proceeds to integrate Demag Cranes AG (D9C GY). Terex owns a majority stake in the company.
UTI Worldwide Inc. (UTIW US) gained the second-most in the Russell 1000 Index, adding 6.5 percent to $17.04. The air and ocean freight logistics company reported fourth-quarter earnings excluding some items that exceeded the average analyst projection, data compiled by Bloomberg show.
Vantiv Inc. (VNTV US) rallied 15 percent to $19.50 on the first day of trading. The payments processor that started as a unit of Fifth Third Bancorp raised $500 million in an initial public offering, selling 29.4 million shares at $17 apiece.
Watson Pharmaceuticals Inc. (WPI US) had the second-biggest increase in the S&P 500, adding 3.8 percent to $66.10. The second-biggest U.S. generic-drug maker’s potential purchase of Actavis Group hf (ACT IR) would “meaningfully” add to earnings, Piper Jaffray Cos. wrote in a note.
Western Digital Corp. (WDC US) advanced the most in the S&P 500, rising 6.6 percent to $42.06. The U.S. maker of disk drives and networking products was raised to strong buy from buy at Needham & Co., meaning it is expected to have a total return of at least 25 percent over the next 12 months.