Sept. 25 (Bloomberg) -- The following is a list of companies whose shares are having unusual price changes in U.S. exchanges today. Stock symbols are in parentheses after company names. Share prices are as of 1 p.m. in New York.
Retailers declined after a report by the International Council of Shopping Centers Inc. and UBS Securities LLC said September sales may rise less than previously estimated.
Macy's Inc. (M US) fell 4.5 percent to $31.48. Nordstrom Inc. (JWN US) lost 4.6 percent to $48.40. Wal-Mart Stores Inc. (WMT US) slipped 2 percent to $43.09.
Accuray Inc. (ARAY US) rose the most since May 2, adding $1.18, or 7.9 percent, to $16.17. The maker of a robotic device to treat cancer reported ``strong'' first-quarter revenue growth, Jefferies & Co. analyst Mark Richter wrote in a research note that advised investors to buy the stock.
Akeena Solar Inc. (AKNS US) rose for a third day, gaining 76 cents, or 10 percent, to $8.06. The designer of solar-energy systems sold in California and the New York City area introduced solar panels that look like skylights and take less than an hour to install.
China Eastern Airlines Corporation Ltd. (CEA US) fell for a second day, dropping $16.70, or 15 percent, to $91.30. Cathay Pacific Airways Ltd., Hong Kong's largest airline, said it wouldn't seek to trump Singapore Airlines Ltd.'s bid for a stake in the airline.
China Finance Online Co. (JRJC US) rose for a sixth day, gaining $3.27, or 12 percent, to $29.50. The Chinese financial- data provider boosted its revenue forecast for the third quarter to as much as $7.5 million. The previous estimate was for as much as $7.1 million. JPMorgan raised the shares to ``overweight'' from ``neutral.''
Copa Holdings SA (CPA US) fell the most since Aug. 16, losing $2.38, or 5.4 percent, to $42.07. The operator of Panama's Copa Airlines was cut to ``market perform'' from ``outperform'' by analyst James D. Parker at Raymond James. Higher fuel prices may hurt the company's earnings, the analyst wrote in a note to clients.
Focus Media Holding Ltd. American depositary receipts (FMCN US) climbed $8.83, or 18 percent, to $57.33, the highest since at least July 2005. China's biggest publicly traded advertising company said its audit committee found no evidence of undisclosed rebate payments in 2005 transactions. Susquehanna Financial Group initiated Focus Media with a ``positive'' rating.
Intercontinental Exchange Inc. (ICE US) added $8.34, or 5.9 percent, to $150.15, the highest since Aug. 10. The owner of Europe's largest energy market will replace First Data Corp. (FDC US), the world's largest processor of credit-card payments, in the Standard & Poor's 500 Index, S&P said in a statement.
Tesoro Corp. (TSO US), the largest refiner in the U.S. West, and Expedia Inc. (EXPE US), the world's biggest online travel agency, will be added while Maxim Integrated Products Inc. (MXIM US) and Solectron Corp. (SLR US) will be dropped, S&P said.
Tesoro shares rose 2.2 percent to $50.75, while Expedia added 6 percent to $31.99. Maxim fell 3.9 percent to $27.86.
Kirby Corp. (KEX US) gained $3, or 7.5 percent, to $43.16, the highest since May 1981. The operator of inland tank barges said third-quarter profit would exceed 60 cents a share. The average estimate of five analysts surveyed by Bloomberg is 56 cents a share.
Lennar Corp. (LEN US) fell $1.03, or 4.3 percent, to $23.15, the lowest since March 2003. The largest U.S. homebuilder reported the biggest quarterly loss in its 53-year history after $848 million of costs to write down the value of real estate.
Lowe's Cos. (LOW US) fell the most since May 2003, losing $1.58, or 5.2 percent, to $28.97. The second-largest home- improvement retailer in the U.S. said earnings this year may miss its previous estimate because a drought slowed sales of outdoor equipment and garden products.
Bigger rival Home Depot Inc. (HD US) declined 2.7 percent to $32.97.
Marcus Corp. (MCS US) fell the most since Feb. 27, losing $1.21, or 5.8 percent, to $19.59. The operator of cinemas and hotels in the U.S. Midwest reported profit of 38 cents a share in the fiscal first quarter. Analyst David Loeb at Robert W. Baird & Co. expected 48 cents.
McCormick & Schmick's Seafood Restaurants Inc. (MSSR US) fell the most since July 2004, dropping $5.51, or 22 percent, to $19.55. The restaurant operator cut its third-quarter sales and profit forecasts.
Metal Management Inc. (MM US) rose $5.52, or 11 percent, to $54.38, the highest since November 2001. Sims Group Ltd. (SGM AU) agreed to buy Metal Management for $1.49 billion in stock, creating the world's largest publicly traded scrap-metal recycler to trim costs and gain from rising demand for raw materials used to make steel.
Navteq Corp. (NVT US) rose $4.69, or 6.7 percent, to $74.69, the highest since August 2004. The world's biggest maker of maps used in car navigation gear said DM Solutions Group will license its data.
Panacos Pharmaceuticals Inc. (PANC US) fell 52 cents, or 21 percent, to $2, the lowest since June 1998. The developer of a new class of HIV treatments said Chief Financial Officer Peyton J. Marshall resigned ``to pursue other opportunities.'' Analyst Douglas Chow at Caris & Co. cut the stock's rating to ``average'' from ``above average,'' citing the ``unexpected'' change in management.
Standard Pacific Corp. (SPF US) fell 79 cents, or 11 percent, to $6.26, the lowest since July 2000. The builder of homes in eight states including California was rated ``sell'' in new coverage by analyst David Goldberg at UBS Investment Bank. The company yesterday said it will stop paying a dividend and sell as much as $115 million in convertible bonds to pay debt.
Superconductor Technologies Inc. (SCON US) gained the most since Aug. 27, rising $1.93, or 7.8 percent, to $7.82. The maker of filters to cut interference on wireless networks said it would set up a joint venture with Hunchun BaoLi Communication Co. in China.
Target Corp. (TGT US) fell the most since Aug. 14, declining $2.45, or 3.8 percent, to $61.85. The second-largest U.S. discount chain said September sales at stores open at least a year may rise as much as 2.5 percent, below a previous forecast, after customer visits declined.
ValueClick Inc. (VCLK US), the second-biggest U.S. Internet advertising broker, rose the most since March 21, gaining $2.20, or 10 percent, to $24.20. Recent acquisitions of online ad companies by Microsoft Corp., Google Inc., Yahoo! Inc. and Time Warner Inc.'s AOL make ValueClick a potential takeover target, said Clayton Moran, an analyst at Stanford Group and Richard Fetyko, a Merriman Curhan Ford & Co. analyst in New York.
Tuesday, September 25, 2007
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