Dell, Eastman Kodak, Hershey, New York Times: 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.
Abercrombie & Fitch Co. (ANF) rose 3.4 percent to $75.69 for its biggest gain since May 5. The teen retailer reported first-quarter earnings from continuing operations of 27 cents a share. On average, the analysts surveyed by Bloomberg estimated profit of 13 cents a share.
Aflac Inc. (AFL) fell 6.3 percent, the second-biggest decline in the Standard & Poor’s 500 Index, to $50.45. The world’s largest seller of supplemental health insurance said it took $77 million in losses on securities sales.
Analog Devices Inc. (ADI) had the biggest gain in the S&P 500, adding 5.9 percent to $42.60. The maker of chips used in cars, consumer electronics and phone networks forecast third- quarter adjusted earnings of as much as 75 cents a share, topping the average analyst estimate by 5 cents.
CBS Corp. (CBS) rose 3.8 percent to $27.04 for its biggest gain since May 4. The New York-based company said its TV network will add three dramas and two comedies to a schedule that is already home to 13 of broadcast television’s most- watched shows.
Celldex Therapeutics Inc. (CLDX) fell 15 percent to $3.31, the lowest price since its 1986 initial public offering. The biopharmaceutical company said it priced 10 million shares at $3.15 each, raising money to fund clinical trials.
Chico’s FAS Inc. (CHS) slipped 5.1 percent, the most since Aug. 3, to $14.43. The women’s clothing retailer reported first-quarter sales of $537.1 million, missing the average analyst estimate by 1.1 percent, Bloomberg data show.
Citi Trends Inc. (CTRN) dropped 20 percent, the biggest drop in the Russell 2000 Index, to $17.13. The clothing retailer said it expects to earn $1.35 a share at most this year. That trailed the average analyst estimate of $1.50 in a Bloomberg survey.
Coldwater Creek Inc. (CWTR) plunged 20 percent to $2.34 for the second-biggest retreat in the Russell 2000. The women’s clothing retailer forecast a first-quarter loss of as much as 34 cents, more than the 10-cent loss predicted by analysts on average.
Dell Inc. (DELL) climbed 5.4 percent, the second-biggest gain in the S&P 500, to $16.75. The world’s second-largest personal-computer maker topped the average analyst profit estimate as its emphasis on business customers, bolstered by an expansion into corporate data centers, helped it withstand a slump in consumer demand.
Eastman Kodak Co. (EK) gained 15 percent, the most since April 2010, to $3.60. Chief Executive Officer Antonio Perez and Chief Financial Officer Antoinette P. McCorvey bought a combined 36,532 shares in the photography company on May 13, according to regulatory filings.
Gen-Probe Inc. (GPRO) rallied 9.4 percent to $86.66, the highest intraday price since at least 2002. The diagnostic product maker said to be seeking a buyer got bids from Thermo Fisher Scientific Inc. (TMO US), Novartis AG (NOVN VX) and Life Technologies Corp. (LIFE US), the Wall Street Journal reported, citing people familiar with the matter.
Golar LNG Ltd. (GOL) rose 7.7 percent, the most since April 20, to $29.03. The liquefied natural gas shipping line was rated “overweight” in new coverage at Morgan Stanley.
Hershey Co. (HSY) slipped 2.8 percent, the most since Oct. 21, to $55.48. The candy maker’s chief executive officer, David West, is departing to head Del Monte Foods Co. after clashing last year with the Trust that controls the maker of Kisses candy.
Jaguar Mining Inc. (JAG) rose 23 percent to $5.31, the most in the Russell 2000. The company that mines gold in Brazil posted first-quarter profit excluding some items of 4 cents a share, beating the average analyst estimate by 67 percent, Bloomberg data show.
New York Times Co. (NYT) rallied 9.3 percent, the most since December 2009, to $7.86. Chief Executive Officer Janet L. Robinson said at a JPMorgan Chase & Co. conference today that the newspaper owner saw “improving trends” in luxury goods and financial advertising during April and “strong support” for its new digital product.
Satcon Technology Corp. (SATC) rallied 19 percent to $2.73, the second-most in the Russell 2000. The sell-off in the shares of the maker of solar-power and fuel-cell inverters over the replacement of the chief financial officer was “unwarranted,” Jefferies & Co. said in a note.
Staples Inc. (SPLS) plunged 15 percent, the most in the S&P 500, to $16.63. The office-supply retailer forecast 2011 earnings of $1.45 a share at most. On average, the analysts surveyed by Bloomberg estimated profit of $1.53 a share.
TravelCenters of America LLC (TA) slid 14 percent to $6.43, the lowest price since Jan. 31. The operator of truck stops said it’s offering 10 million shares to fund renovations and the purchase of more facilities.
ViaSat Inc. (VSAT) gained 6.1 percent, the most since May 2009, to $43.58. The satellite hardware supplier reported fourth-quarter earnings excluding some items of 41 cents a share, exceeding the average analyst estimate by 1 cent.
White Mountains Insurance Group Ltd. (WTM) advanced 15 percent, the most since November 2008, to $395.18. The insurer agreed to sell Esurance and Answer Financial for about $1 billion to Allstate Corp. (ALL US), the largest publicly traded U.S. auto insurer.
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