Accuride, KEYW, Procera, Rockwell, Walgreen: 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. New York time.
Commodity shares climbed as optimism about Europe pushed copper and oil higher. Allegheny Technologies Inc. (ATI) jumped 7.4 percent to $41.62, the biggest increase in the Standard & Poor’s 500 Index. Range Resources Corp. (RRC) rose 5.7 percent to $63.41. Denbury Resources Inc. (DNR) rallied 4.4 percent to $12.77. Newfield Exploration Co. (NFX) advanced 2.8 percent to $43.40. Freeport-McMoRan Copper & Gold Inc. (FCX) increased 3.1 percent to $34.82.
Industrial shares gained. Manitowoc Co. (MTW) surged 11 percent, the most in the Russell 1000 Index, to $7.78. Joy Global Inc. (JOYG US) climbed 5.2 percent to $69.59. Rockwell Automation Inc. (ROK) advanced 5.7 percent to $57.98.
Accuride Corp. (ACW) slumped 30 percent, the most in the Russell 2000 Index, to $5.69. The maker of wheels and other components for trucks and trailers cut its earnings forecast, saying it will earn 4 cents a share at most. The company had previously anticipated profit of as much as 50 cents a share.
Flotek Industries Inc. (FTK) rallied 27 percent, the most since March 17, to $5.87. The maker of equipment for the oilfield services industry reported August sales of about $25 million and said its cash totaled $23 million as of Sept. 20.
KEYW Holding Corp. (KEYW) fell the second-most in the Russell 2000 Index, slumping 23 percent to $7.75. The provider of cyber-security products it lost the “Aura” contract to a competitor. The order may be as much as $100 million a year and was probably awarded to ManTech International Corp. (MANT) , Lazard Capital Markets said. ManTech gained 6 percent to $32.39.
Procera Networks Inc. (PKT) rallied 15 percent, the most since Aug. 9, to $9.11. The developer of data switching and management products said it won a $4 million follow-on order from a “major” European phone operator.
Walgreen Co. (WAG) fell the most in the S&P 500, sinking 6.3 percent to $33.77. The largest U.S. drugstore chain said failure to renew a contract to provide prescriptions for Express Scripts Inc.’s customers will reduce its fiscal 2012 earnings.
To contact the editor responsible for this story: Nick Baker at firstname.lastname@example.org