AOL, Brookdale, Fossil, Sara Lee, VirnetX: 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.
AOL Inc. (AOL) slumped 26 percent, the most since it was spun off from Time Warner Inc. in November 2009, to $11.19. The Internet company reported a second-quarter loss and an 8.4 percent drop in sales.
Bank of America Corp. (BAC) rose the most in the Dow Jones Industrial Average, climbing 17 percent to $7.60. The largest U.S. lender won’t need to raise extra capital to meet new international standards, Chief Financial Officer Bruce Thompson told Nomura Holdings Inc. analysts.
Booz Allen Hamilton Holding Corp. (BAH) gained 8.2 percent, the most since Nov. 17, to $16.26. The parent of consulting firm Booz Allen Hamilton Inc. reported first-quarter earnings excluding some items of 41 cents a share, beating the average estimate of 39 cents of analysts surveyed by Bloomberg.
Brookdale Senior Living Inc. (BKD) fell 1.4 percent to $14.43, the lowest price since Sept. 16. The operator of assisted-living homes for seniors lowered its forecast for 2011 revenue growth to about 3 percent from an earlier outlook of as much as 5.5 percent.
Cablevision Systems Corp. (CVC) fell the most in the Standard & Poor’s 500 Index, sliding 13 percent to $17.02. The fifth-largest U.S. cable provider reported profit that missed analysts’ estimates after losing video subscribers.
CareFusion Corp. (CFN) advanced 10 percent, the most since at least August 2009, to $24.48. The maker of products to reduce hospital infections and monitor medical safety posted fourth-quarter adjusted earnings of 52 cents a share, exceeding the average analyst projection for 50 cents, data compiled by Bloomberg show.
CBS Corp. (CBS) climbed 15 percent, the most since August 2009, to $24.48. The owner of the most-watched U.S. television network was raised to “buy” from “hold” at Argus Research.
EnerNOC Inc. (ENOC) tumbled 25 percent, the most since February 2008, to $10.75. The provider of a service to help reduce electricity demand reported a second-quarter loss that’s wider than analysts estimated, prompting at least brokerages to cut the stock’s rating.
Fossil Inc. (FOSL) plunged 13 percent to $82.15 for the third-biggest retreat in the Russell 1000 Index. The Texas-based maker of watches and jewelry forecast earnings in 2011 of no more than $4.50 a share, falling short of the $4.63 average estimate by analysts.
Freescale Semiconductor Holdings (FSL US) had the second- biggest gain in the Russell 1000 Index, advancing 17 percent to $12.29. The chipmaker was rated “buy” in new coverage at Gleacher & Co., which forecast the stock will increase to $18.
International Flavors & Fragrances Inc. (IFF) gained 5.9 percent, the most since March 2009, to $55.95. The maker of scents and tastes for food, beverages and personal care and household products reported second-quarter earnings excluding some items of 97 cents a share, beating the average analyst estimate by 1 cent, Bloomberg data show.
Live Nation Entertainment Inc. (LYV) gained 11 percent, the most since January 2010, to $9.72. The world’s largest entertainment company had second-quarter revenue that exceeded the average estimate of analysts surveyed by Bloomberg.
Luminex Corp. (LMNX) jumped 33 percent, the most since April 2000, to $24.62. The developer of biological testing technologies increased its forecast, projecting full-year sales of at least $180 million. Analysts estimated $170.7 million on average in a Bloomberg survey.
MEMC Electronic Materials Inc. (WFR) climbed 19 percent to $5.93 for the biggest increase in the S&P 500. Four executives, including Chief Executive Officer Ahmad Chatila, bought a combined 87,500 shares of the second-largest U.S. manufacturer of polysilicon on Aug. 5, according to regulatory filings.
MGM Resorts International (MGM) slipped 3.1 percent to $11.18, the lowest price since Nov. 2. The biggest casino operator on the Las Vegas Strip said it had a “poor April” in that city, and that CityCenter condo sales “continue to be slow.”
Sara Lee Corp. (SLE) rose 4.4 percent, the most since Jan. 25, to $17.89. The maker of Ball Park hot dogs and Senseo coffee sold its North American refrigerated-dough unit for $545 million to Ralcorp Holdings Inc. (RAH) The maker of Raisin Bran cereals gained 1 percent to $75.03.
Sykes Enterprises Inc. (SYKE) slumped 22 percent, the most since August 2004, to $12.31. The operator of call centers forecast third-quarter earnings excluding some items of 29 cents a share at most. Analysts, on average, estimated 38 cents, according to a Bloomberg survey.
Stereotaxis Inc. (STXS) plunged 58 percent, the most in the Russell 2000 Index, to $1.19. The maker of magnetic instruments that guide catheters used in heart surgery suspended its 2001 financial forecast and said Chief Financial Officer Dan Johnston will be leaving the company.
VirnetX Holding Corp. (VHC) jumped 24 percent, the most since July 2009, to $19.79. The developer of instant-messaging and Internet-calling software said it was given a new U.S. patent for secure communication.
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