BioCryst, Broadcom, Chevron, Dick’s, Fossil: 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.
Companies that use corn as animal feed advanced after a report from the U.S. Department of Agriculture showed unsold supplies of corn Dec. 1 fell less than analysts estimated. Sanderson Farms Inc. (SAFM) jumped 6.3 percent to $50.41. Tyson Foods Inc. (TSN) climbed 1.1 percent to $19.96.
Big 5 Sporting Goods Corp. (BGFV US) slumped 14 percent, the third-most in the Russell 2000 Index, to $8.16. The athletic-gear retailer was cut to “hold” from “buy” at Feltl & Co.
BioCryst Pharmaceuticals Inc. (BCRX) gained 16 percent, the most since February 2010, to $2.92. Jon Stonehouse, chief executive officer of the maker of an experimental influenza drug, said he does not intend to start the Phase 3 study of BCX4208 without a partner, according to Steve Byrne, an analyst at Bank of America Corp.
Broadcom Corp. (BRCM) rose 5.2 percent, the most since Aug. 11, to $32.66. The silicon solutions provider was raised to “buy” from “hold” at Deutsche Bank by equity analyst Ross Seymore, with a 12-month price estimate of $35 per share.
CA Inc. (CA) rose 4.2 percent, the most since Aug. 11, to $21.82. Hedge fund Taconic Capital Advisors LP said it acquired a 5.1 percent stake in the maker of software for mainframe computers, and is in talks with management to boost equity investors’ returns.
Chevron Corp. (CVX) fell 2.6 percent to $104.97 for the biggest retreat in the Dow Jones Industrial Average. The second- largest U.S. energy company said fourth-quarter profit was “significantly below” third-quarter results after maintenance work at a California refinery and the sale of a U.K. plant curbed fuel output.
Dick’s Sporting Goods Inc. (DKS) jumped the most in the Russell 1000 Index, climbing 12 percent to $40.94. The largest publicly traded U.S. athletics store said it would buy back $200 million of its shares.
Fossil Inc. (FOSL) rallied 9.3 percent to $86.78, the third-biggest gain in the Russell 1000. The Richardson, Texas- based maker of watches and jewelry said it is not seeing a slowdown in Europe and that its primary market in Germany remains “solid,” Eric Beder, an analyst at Brean Murray Carret & Co., wrote in a note following the company’s presentation at the ICR XChange conference.
Infosys Ltd. (INFY) fell 8.8 percent, the most since Aug. 18, to $51.85. India’s second-largest software exporter cut its full-year sales forecast in dollar terms for a second time because of weaker economic growth in markets including Europe.
Multi-Fineline Electronix Inc. (MFLX) rose 18 percent, the most since January 2009, to $25.40. The maker of flexible circuit boards for mobile devices’ said it expects to report first-quarter sales of about $239 million, above the average analyst forecast of $219.8 million.
Omnicare, the provider of pharmacy services for U.S. nursing homes, lost 7 percent to $32.90.
Synutra International Inc. (SYUT) dropped 10 percent, the most since Oct. 3, to $4.24. The maker of baby formula said it chose not to recall any products after media reports in China about sickened infants who reportedly used the company’s products.
Tractor Supply Co. (TSCO) gained 10 percent, the most since July 2009, to $80.20. The operator of farm-equipment stores boosted its forecast for the full year, saying earnings- per-share will be at least $2.97. That topped the average analyst estimate of $2.91 in a Bloomberg survey.
Williams-Sonoma Inc. (WSM) slid 12 percent, the most in the Russell 1000, to $34.32. The gourmet-cookware retailer cut its fourth-quarter earnings forecast to no more than $1.15 a share, less than the average analyst estimate of $1.19. The San Francisco-based company was cut to “neutral” from “overweight” at Piper Jaffray Cos.
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