Stocks on the Move: Accenture, Nike, RIMM
Shares of the following companies are having unusual moves in U.S. trading. Stock symbols are in parentheses, and prices are as of 9:45 a.m. in New York.
Accenture Plc (ACN) fell 1.6 percent to $41. The technology-consulting firm forecast sales that missed analysts' estimates as demand for its services rebounded slower than expected.
CarMax Inc. (KMX) gained 5.9 percent to $23.10. The biggest U.S. used-car dealer said it had a third-quarter profit of 24 cents a share excluding some items, beating the average analyst estimate by 54 percent.
Celgene Corp. (CELG) jumped 6.8 percent to $54.07. The biopharmaceutical company said the Revlimid drug "had met its primary endpoint of a statistically significant improvement" in slowing the progression of multiple myeloma, a form of cancer.
CR Bard Inc. (BCR) fell 8.5 percent to $77. The maker of surgical and patient-care devices was downgraded to "underweight" from "neutral" at Piper Jaffray by equity analyst Thomas Gunderson. The 12-month target price is $71 a share.
Dana Holding Corp. (DAN) gained 6.9 percent to $10.30. The truck axle and frame maker was raised to "overweight" from "neutral" at JPMorgan by equity analyst Himanshu Patel. The 15-month target price is $16 a share.
EMC Corp. (EMC) rose 2 percent to $17.21. The world's biggest maker of storage computers was added to Goldman Sachs's "Conviction Buy-List," with a 12-month price estimate of $21, on pent-up demand for storage hardware.
NetApp Inc. (NTAP) lost 1.7 percent to $33.24. The maker of storage computers for companies such as Oracle Corp. was downgraded to "neutral" and removed from the "Conviction Buy- List" at Goldman Sachs, which cited the stocks 37 percent gain since it was rated "buy" on Sept. 20.
Nike Inc. (NKE) rose 2.6 percent to $64.90. The world's largest athletic-shoe maker reported second-quarter profit that fell less than analysts estimated and said orders rose 4 percent from a year earlier, helped by currency changes.
Oracle Corp. (ORCL) surged 5.6 percent to $24.15. The world's second-largest software maker reported second-quarter profit that beat analysts' estimates after customers renewed annual support contracts.
Palm Inc. (PALM) dropped 13 percent to $10.25. The maker of the Pre mobile phone reported its 10th straight quarterly loss in the second quarter as it struggled to match rivals' gains in the smart-phone market.
Research In Motion Ltd. (RIMM) jumped 11 percent to $70.68. The maker of the BlackBerry forecast sales and profit for the current quarter that beat analysts' estimates as it pushes to attract a wider audience and introduce new models.
Syngenta (SYT) rose 2.5 percent to $55.45. The biggest maker of agricultural chemicals gained after it said BlackRock Inc., the world's largest asset manager, holds 3.84 percent of its shares.
Take-Two Interactive Software Inc. (TTWO) gained 15 percent to $9.51. Billionaire investor Carl Icahn increased his stake in New York-based Take-Two to 11 percent and may seek talks with the company, publisher of the "Grand Theft Auto" video games.
VeriSign Inc. (VRSN) climbed 5.4 percent to $23.28. The biggest operator of computers that direct Internet traffic said it will increase domain name fees, starting in July 1.