Acacia, DemandTec, Denbury, Golden Minerals: 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.
Oil companies gained as crude topped $81 a barrel, the highest price since August. EOG Resources Inc. (EOG) gained 3.4 percent to $96.17. Chevron Corp. (CVX) rose 1.1 percent to $81.95. Denbury Resources Inc. (DNR) advanced 3.3 percent to $16.41. Schlumberger Ltd. (SLB) climbed 1.3 percent to $62.43. Occidental Petroleum Corp. (OXY) increased 3.2 percent to $80.77.
Acacia Research Corp. (ACTG) rose 17 percent to $20.65, the highest price since December 2002. The maker of computer chips that identify genes and mutations said it settled patent litigations with companies including Red Hat Inc. (RHT US) and Dialight Corp.
Accenture Plc (ACN) advanced 4.5 percent to $44.38, the highest price since April 23. The world’s second-largest technology-consulting firm forecast net revenue will be between $5.6 billion to $5.8 billion for the quarter ending in November. Analysts projected $5.62 billion, the average of estimates compiled by Bloomberg.
American Apparel Inc. (APP) jumped 16 percent to $1.43 for its biggest gain since Sept. 17. The Los Angeles-based retailer with more than 280 stores said it negotiated a more favorable credit agreement with Lion Capital.
Christopher & Banks Corp. (CBK) fell 16 percent, the most since March 2009, to $6.67. The Minnesota-based women’s clothing retailer posted a second-quarter loss of 6 cents a share excluding some items, 15 percent wider than the average loss estimated by analysts in a Bloomberg survey.
DemandTec Inc. (DMAN US) gained 14 percent, the most since December 2008, to $10.68. The provider of consumer demand management software said that, excluding some items, it earned 2 cents a share in the second quarter. Analysts, on average, estimated a loss of 1 cent, according to a Bloomberg survey.
Dynavox Inc. (DVOX US) plunged 33 percent to $5.44 for the biggest decline in the Russell 2000 Index. The seller of speech software for people with language disabilities withdrew its earnings forecast for fiscal 2011, citing “a softening of demand” in the first quarter.
Golden Minerals Co. (AUMN) rallied 29 percent to $20, the highest intraday price since at least April 2009. The mining company was rated “buy” in new coverage by Dahlman Rose & Co.
Green Mountain Coffee Roasters Inc. (GMCR) fell 5.2 percent to $29.57, the lowest price since July 28. Nestle SA (NESN VX), the world’s biggest food company, will begin selling Nescafe Dolce Gusto coffee makers in 2,000 Wal-Mart Stores Inc. (WMT US) outlets across the U.S. this month, taking on Green Mountain in its main market.
Gymboree Corp. (GYMB US) gained 20 percent, the most since April 2009, to $49.86. The children’s apparel retailer is considering putting itself up for sale, according to the Wall Street Journal, which cited people familiar with the matter.
Hewlett-Packard Co. (HPQ) declined 3.1 percent to $40.77 for the biggest retreat in the Dow Jones Industrial Average. The world’s largest computer maker appointed former SAP AG Chief Executive Officer Leo Apotheker as its CEO and president, succeeding Mark Hurd, who resigned on Aug. 6.
Imax Corp. (IMAX) rose 6.9 percent to $18.02, the highest price since May 19. The developer of technology to project movies onto giant screens and Regal Entertainment Group (RGC) , the largest U.S. theater chain, will expand a joint venture by adding as many as 25 big-screen cinemas.
ITC DeltaCom Inc. (ITCD US) more than doubled to $2.93, the highest price since July 2008. The telephone-services provider agreed to be bought by EarthLink Inc. (ELNK) for $3 a share in cash.
LodgeNet Interactive Corp. (LNET US) slumped 15 percent, the most since July 30, to $2.38. The provider of television and Internet access for hotels was reduced to “accumulate” from “buy” at Craig Hallum Capital Group.
MedQuist Inc. (MEDQ US) gained 27 percent to $11.11, the highest price since November 2007. The provider of transcription services to the health-care industry announced a one-time dividend of $4.70 a share and said it signed a financing agreement.
Resources Connection Inc. (RECN) climbed 8.9 percent, the most since November 2008, to $14.99. The provider of legal and accounting services posted first-quarter earnings excluding some items of 4 cents a share. Analysts, on average, expected the company to break even, according to a Bloomberg survey.
Teekay Tankers Ltd. (TNK) fell 7.8 percent, the most since June 2009, to $12. The owner of crude-oil tankers said it will offer 8.2 million shares of Class A common stock in a public offering. The company will use the proceeds to pay back debt.
Tessco Technologies Inc. (TESS) rose 6.6 percent to $16.06, the highest price since July 1. The provider of equipment and services for wireless communications said its board of directors rejected Discovery Group’s offer, saying the $15.50-a-share bid is “grossly inadequate.”
United Continental Holdings Inc. (UAL) advanced 4.4 percent to $24.70, the highest price since March 2008. UAL Corp., the parent company of United Airlines, and Continental Airlines Inc. completed a $3.2 billion stock-swap merger. United Continental Holdings Inc. is the new name of the entity and the ticker is now UAL US. The combined carrier will surpass Delta Air Lines Inc. (DAL) as the world’s largest carrier by passenger traffic.
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