Hoku, Jakks Pacific, LinkedIn, Phoenix Cos.: U.S. Equity Preview
Shares of the following companies may have unusual moves in U.S. trading on Dec. 19. Stock symbols are in parentheses.
Hoku Corp. (HOKU) : The Honolulu-based energy products company said Chief Financial Officer Darryl Nakamoto resigned, effective March 31.
Jakks Pacific Inc. (JAKK) : The toymaker slashed its 2011 adjusted earnings and sales forecast, citing a “difficult” retail environment for toys. Earnings will be 37 cents to 40 cents a share, compared with an earlier estimate for $1.32 to $1.35 a share.
LinkedIn Corp. (LNKD US): Prudential Financial Inc. amended a filing, reporting its stake in the biggest professional- networking website at 7.8 percent, compared with 15.9 percent reported Dec. 12.
Phoenix Cos. (PNX) : The insurer and money manager that caters to wealthy clients had the outlook on its Phoenix Life Insurance Co. raised to “positive” from “stable” by Moody’s Investors Service.
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