First Solar, Jive, Madison Square Garden: 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.
AmerisourceBergen Corp. (ABC) sank 3.6 percent, the most since Oct. 3, to $37.21. The drug distributor said Chief Financial Officer Michael DiCandilo left the company.
Chelsea Therapeutics International Ltd. (CHTP) dropped the most in the Russell 2000 Index, sinking 38 percent to $3.11. The biotechnology company said the Food and Drug Administration has placed “increased emphasis on safety data” in its review of the company’s Northera drug.
Complete Genomics Inc. (GNOM) rose the most in the Russell 2000 Index, rallying 42 percent to $4.66. The makers of genomic analysis tools said it was picked by Mayo Clinic to provide human genome sequencing.
Dana Holding Corp. (DAN) climbed 4.5 percent to $15.95, the highest price since Aug. 1. The maker of vehicle axles and other drive-line components may rise this year as it expands in emerging markets and makes environmentally friendly products, Barron’s reported, citing Gabelli & Co. analyst Brian Sponheimer.
Diebold Inc. (DBD) rose 9.2 percent, the second-most in the Russell 1000 Index, to $37.94. The maker of automated bank- teller machines forecast 2012 earnings per share of $2.30 to $2.50 a share, compared with the average analyst estimate of $2.31, and forecast sales growth of at least 3 percent, beating the average estimate of 2 percent.
First Solar Inc. (FSLR) had the biggest retreat in the S&P 500, tumbling 5 percent to $41.72. The biggest maker of thin-film solar panels may have no earnings growth over the next two to three years, Bank of America Corp. wrote in a note today. “We don’t think there’s a reason to chase the shares,” the note said.
Jive Software Inc. (JIVE) (JIVE US) rose 8.6 percent to $18.54, the highest since its initial public offering in December. The social business software and services company gained after a Barron’s story over the weekend highlighted its similarities to Facebook Inc.
Madison Square Garden Co. (MSG) gained 3.8 percent to $32.32, rallying for the ninth straight day. The owner of the New York Knicks basketball franchise has surged to a record as Jeremy Lin jerseys became the best-seller in the National Basketball Association, just over a week after the 23-year-old player was a substitute on the team.
Regeneron Pharmaceuticals Inc. (REGN) jumped 12 percent, the most in the Russell 1000 Index, to $114.65. The drugmaker reported a fourth-quarter adjusted loss per share that was narrower than the average analyst estimate and increased its 2012 U.S. sales forecast for its Eylea treatment for a blindness-causing eye disorder to at least $250 million from no more than $160 million.
W.W. Grainger Inc. (GWW) rose 4.2 percent to $208.46, the highest price since at least 1980. The distributor of building maintenance supplies reported January sales that grew 12 percent excluding acquisitions compared to a year earlier.
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