Wednesday, November 17, 2010

Shares of those companies are having unusual moves in U.S. trading

Shares of the following companies are having unusual movements in U.S. trade. Stock symbols are in parentheses and prices are starting at 1:30 pm in New York.

Homebuilder stocks fell after a U.S. government report showed builders began work on houses less than expected in October. Housing construction fell 12 percent to a 519,000 annual rate, lowest since a record low in April 2009.

D.R. Horton Inc. (DHI U.S.) fell 3.5 percent to $ 10.63. Group Pulte Homes Inc. (PHM U.S.) fell 3.6 percent to $ 6.64.

Home Depot Inc. (HD U.S.), the largest U.S. retailer home improvement, fell 2.7 percent to $ 30.85 for the biggest drop in the Dow Jones Industrial Average.

Sun shares fell after Credit Suisse Group AG cut the recommendation of the industry to "market weight" from "overweight," says the demand-driven subsidies can not keep up with the growing supply. First Solar Inc. (FSLR U.S.) lost 4.9 percent to $ 124.23. ReneSola Ltd. (SOL U.S.) fell 7.3 percent to $ 9.10. JA Solar Holdings Co. (JASO U.S.) fell 4.3 percent to $ 7.51. Trina Solar Ltd. (TSL U.S.) fell 4.3 percent to $ 22.68. MEMC Electronic Materials Inc. (WFR U.S.) fell 3.6 percent to $ 11.90.

Suntech Power Holdings Co. (STP U.S.) sank 7.7 percent to $ 7.70. The biggest Chinese manufacturer of solar panels reported third-quarter earnings that missed analysts' estimates.

Bob Evans Farms Inc. (BOBE U.S.) gained 10 percent to $ 32.83 for the biggest intraday gain since Dec. 4. The sausage maker and restaurant owner reported second-quarter sales that missed some analysts' estimates.
Booz Allen Hamilton Holding Inc. (BAH U.S.) rose 12 percent to $ 19 on the first day of trading. The signing by the government consultancy acquired by Carlyle Group in 2008 raised $ 238 million in an initial public offering.

Chart Industries Inc. (GSL U.S.) rose 15 percent to $ 26.66 and $ 27.08 joined earlier, the highest intraday price since October 2008. The maker of equipment used to produce and store industrial gases was driven to "overweight" from "equal weight" by Morgan Stanley.

Chico's FAS Inc. (CHS U.S.) rose the most in the Russell 1000 index, rising 8.8 percent to $ 10.97. Women's clothing retailer reported third-quarter earnings of 16 cents, beating analysts' average estimate by a penny. Sales were 483 million U.S. dollars, up from 476.6 million U.S. dollars projected by analysts.

China Digital TV Holding Co. (STV U.S.) advanced 6.6 percent to $ 7.26 and an increase of 9.4 percent previously, the most intraday since 14 October. The provider of digital television software forecast fourth-quarter sales of at least $ 20.8 million. That exceeded the average analyst estimate of $ 16.1 million
Nepstad chain pharmacies China Ltd. (NPD U.S.) fell 17 percent to $ 3.99 after falling as much as 19 percent, the intraday since August 2008. The country's largest drugstore chain by number of outlets reported third-quarter earnings of 1 cent per share, behind the average analyst estimate by 67 percent.

Coach Inc. (COH U.S.) had the second highest gain at 500 Standard & Poor's, increased 4 percent to $ 52.88. The largest U.S. manufacturer of luxury leather handbags, including recommended retailers "Mad Money" host Jim Cramer CNBC, who said the companies will benefit from demand in China.

CVR Energy Inc. (CVI U.S.) fell 6.4 percent to $ 10.32 after falling as much as 11 percent, the most intraday since November 2009. The Sugar Land-based oil refinery in Texas said shareholders including Goldman Sachs Group Inc. and Kelso & Co. will sell 15 million shares in a secondary public offering.

Duoyuan Global Water Inc. (U.S. GDP) rose 8.6 percent to $ 13.10 and rose above 11 percent, the most intraday since 28 September. The Chinese supplier of water treatment team scored fourth-quarter earnings of 55 cents per share, up from the 48 - cent average estimate by analysts.

Human Genome Sciences Inc. (HGSI U.S.) fell 3.7 percent to $ 24.93. The Rockville, Maryland-based company fell to a "hold" from "buy" by Citigroup Inc. analyst Yaron Werber.

Stocks rose earlier after winning a U.S. advisory panel along with support from GlaxoSmithKline Plc (GSK U.S.) to sell the first new drug lupus, Benlysta in more than 50 years. While the Food and Drug Administration is not bound to follow its recommendations outside usually does.

Hypercom Corp. (HYC U.S.) met 15 percent to $ 7.07 to $ 7.14 after rising earlier, the highest intraday price since November 2006. VeriFone Systems Inc. (PAY U.S.), the second largest manufacturer of electronic payment equipment, agreed to buy the maker of electronic payment software for $ 485 million in an attempt to help it expand in European markets. VeriFone rose 2.9 percent to $ 32.75.

Ladish Co. (LDSH USA) had the biggest gain in the Russell 2000, up 56 percent to $ 45.81. The manufacturer of jet engines agreed to be bought by Allegheny Technologies Inc. (ATI U.S.) in cash and stock transaction valued at 778 million U.S. dollars. Allegheny fell 1.5 percent to $ 49.17.

Merck & Co. (MRK U.S.) rose the most in the Dow Jones Industrial Average climbing 1.7 percent to $ 34.69. the company's experimental drug, anacetrapib, high levels of good cholesterol, reduce bad cholesterol and may have helped patients avoid cardiac complications, without the security risks that prompted Pfizer Inc. (PFE U.S.) to leave a similar product for four years, according to a study funded by Whitehouse Station, New Jersey, Merck.

MetroPCS Communications Inc. (PCS U.S.) rose the most in the S & P 500, gaining 5.1 percent to $ 11.87. U.S. "Pay-as-you-go" mobile phone company will save 35.4 million U.S. dollars a year in interest payments after refinancing some debt and the transaction will give a modest boost "to income, Credit Suisse Group AG analysts led by Jonathan Chaplin wrote in a note.

Petroleum Development Corp. (PETD U.S.) fell 9.6 percent to 32.99 dollars, fell 9.7 percent previously, the most intraday since 11 August. The oil and gas company, said it would offer $ 100 million convertible notes due 2016 and 3,000,000 shares. Proceeds will be used to finance an acquisition.

Quanta Services, Inc. (PWR U.S.) rose 3.7 percent to $ 17.68 and up 4.5 percent previously, the most intraday since 17 August. A provider of utility infrastructure network has been added as Wedbush Securities Inc. 'list of the best ideas.

Regions Financial Corp. (RF U.S.) fell 6.3 percent to $ 5.55 for the biggest loss in the S & P 500. Alabama's biggest bank had its credit rating cut for the second time this month by Moody's Investors Service after the lender ousted three directors who oversaw risk assets and acidification.

Rino International Corp. (RINO U.S.) slumped 15 percent to $ 6.07 to $ 5.68 after falling earlier, the lowest intraday price since May 2009. The supplier of water treatment systems for steel makers postponed a conference call originally scheduled yesterday to discuss third-quarter profit without giving a reason. Faruqi and Faruqi LLP, a securities firm in New York, said it is investigating the company on behalf of shareholders on possible violations of federal securities laws and breaches of fiduciary duties of its officers.

Sina Corp. (SINA U.S.) rose 5.7 percent to $ 60.24 after rising 8.3 percent earlier, the most intraday since 16 September. The owner of the third China visit website reported third-quarter earnings that beat analysts' estimates as revenue from online advertising increased.

Target Corp. (TGT U.S.) rose 4.1 percent to $ 55.71 after gaining as much as 4.3 percent. The U.S. discount retailer second recorded a profit, excluding a tax gain of 68 cents per share, matching analysts' average estimates.

Ventana Gold Corp. (VENGF U.S.) rose 35 percent to $ 13.31 after rising as much as 39 percent, the intraday since June 2009. EBX Group Ltd., an investment company controlled by Brazilian billionaire Eike Batista, said it plans to acquire Canadian gold explorer for about C $ 1.5 billion ($ 1,470,000,000).

Wesco International Inc. (CMI U.S.) rose 6.1 percent to $ 46.55 after touching $ 47.10, the highest intraday price in three years. The distributor of electrical and building materials, said the purchase of TVC Communications LLC of 246.5 million U.S. dollars and the transaction is expected to increase 2011 earnings per share of 30 cents.

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