June 14 (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 1:10 p.m. New York time.
Aluminum Corp. of China Ltd. American depositary receipts (ACH US), each worth 25 H-shares of the China's largest maker of the metal, rose $2.71, or 7.6 percent, to $38.31. Goldman Sachs Group Inc. raised its rating on the stock to ``buy'' from ``neutral'' on soaring aluminum demand and prices.
Beverly Hills Bancorp Inc. (BHBC US) rose 32 cents, or 4.3 percent, to $7.71. The holding company of First Bank of Beverly Hills said it's seeking ``strategic alternatives,'' including a sale of the company.
Blackboard Inc. (BBBB US) declined $2.71, or 6.3 percent, to $40.14. The maker of software for schools said it plans to sell as much as $150 million of convertible debt. Blackboard said it may use some proceeds from the sale to fund potential acquisitions.
Casey's General Stores Inc. (CASY US) rose $1.80, or 6.8 percent, to $28.47. The operator of convenience stores in the Midwest said that, excluding some items, it earned 30 cents a share in the fourth quarter. The average estimate from four analysts in a Bloomberg survey was 26 cents.
Clearwire Corp. (CLWR US) rose $3.28, or 17 percent, to $23.15. The wireless Internet service provider said in a statement sent by Business Wire that it agreed to promote services with DirecTV Group Inc. (DTV US) and EchoStar Communications Corp. (DISH US). Clearwire will sell the two companies' satellite video services to its customers, while they'll sell Clearwire's Internet service to their own.
Crystallex International Corp. (KRY US) rose 62 cents, or 16 percent, to $4.53. The developer of a Venezuelan gold mine said in a statement sent by Market Wire that it completed the final step needed for a permit to develop a Venezuela gold mine that may contain 14 million ounces of gold. The Ministry of the Environment and Natural Resources approved the environmental impact study for the mine, Richard Marshall, vice president of investor relations for Toronto-based Crystallex, said.
Eastman Kodak Co. (EK US) rose $1.24, or 4.6 percent, to $28.27. The company, trying to boost digital-photography revenue, said it will introduce new image-sensor technology that helps eliminate dark, blurry pictures.
Furniture Brands International Inc. (FBN US) gained 86 cents, or 6.1 percent, to $14.87. The maker of the Broyhill and Thomasville brands forecast a second-quarter loss excluding some items of 1 cent to 5 cents a share. That compares with the average estimate for an 8 cent loss from three analysts surveyed by Bloomberg.
Goldman Sachs Group Inc. (GS US) fell $7.16, or 3.1 percent, to $226.48. The world's biggest securities firm said profit growth in the second quarter was the slowest in three quarters and fixed-income trading slumped as rising defaults on the riskiest home loans hurt revenue from mortgages.
Hoku Scientific Inc. (HOKU US) jumped $2.33, or 51 percent, to $6.93. The company agreed to a $678 million contract to deliver silicon for solar panels to China's Suntech Power Holdings Co. (STP US), starting in mid-2009.
Intellect Neurosciences Inc. (ILNS US) rose $1, or 36 percent, to $3.80. The biopharmaceutical company said its stock started trading on the over-the-counter bulletin board.
Intersil Corp. (ISIL US) climbed $1.64, or 5.3 percent, to $32.45. The semiconductor maker was upgraded to ``buy'' from ``neutral'' at Banc of America Securities.
ITT Educational Services Inc. (ESI US) dropped $6.88, or 5.8 percent, to $111.92. The provider of technology-oriented postsecondary degree programs was cut to ``equal weight'' from ``overweight'' at Lehman Brothers.
Jones Soda Co. (JSDA US) fell 80 cents, or 5.1 percent, to $14.88. The Seattle Post-Intelligencer reported on its Web site late yesterday that Starbucks Corp. stores will stop selling sodas made by the maker of Fufu Berry soft drinks and other flavors. Jones gets about 3 percent of revenue from sales at Starbucks and benefits from ``high visibility'' at the coffee shops, Mark Astrachan, an analyst at Stifel Nicolaus & Co., wrote in a note.
Luna Innovations Inc. (LUNA US) rose $1, or 27 percent, to $4.75. The maker of aerospace instruments, medical monitors and polymers said in a statement sent by Business Wire that it signed an agreement to supply Intuitive Surgical Inc. (ISRG US), a maker of robotic surgical products, with fiber-optic sensing and tracking systems.
Oracle Corp. (ORCL US) added 31 cents, or 1.6 percent, to $19.61. The world's third- largest software maker was raised to ``outperform'' from ``sector perform'' by analyst Brendan Barnicle at Pacific Crest Securities. Oracle had a ``very strong'' fourth quarter across all product lines, the analyst said, adding that the shares could reach $25 on the possibility the company may raise 2008 earnings estimates to a range of $1.15 to $1.20 a share.
Progressive Corp. (PGR US) rose $1.50, or 6.5 percent, to $24.75. The third-largest U.S. auto insurer announced its board of directors approved a $2 a share extraordinary dividend and authorized the repurchase of as many as 100 million more common shares in the next 24 months.
Sanofi-Aventis SA ADRs (SNY US), each representing a half a share, fell $1.66, or 3.9 percent, to $41.40. A U.S. panel blocked the company's new weight-loss pill because it was linked to suicides. The Paris-based company didn't get a single vote yesterday in favor of Zimulti from a Food and Drug Administration panel, which found that the weight lost didn't justify the danger of psychiatric or neurological side effects. The company's stock rating was downgraded at several brokerages including Goldman, Sachs & Co., JPMorgan and Merrill Lynch & Co.
Amylin Pharmaceuticals Inc. (AMLN US) rose $1.53, or 3.7 percent, to $42.79. The company may boost sales of its drug Byetta following the decision by the FDA panel to block rival Zimulti, according to Jim Reddoch, an analyst with Friedman Billings Ramsey & Co. ``Byetta will now remain the only new drug that causes weight loss in Type II diabetes patients,'' Reddoch wrote.
Syntax-Brillian Corp. (BRLC US) snapped a seven-day losing streak, gaining 62 cents, or 14 percent, to $5.18. The maker of high-definition televisions was reiterated at ``sector outperform'' at CIBC World Markets. Analyst Daniel Gelbtuch wrote that speculation the company will move its business to Best Buy Co. (BBY US) from Circuit City Stores Inc. (CC US) was ``way, way off'' and that it expects Syntax-Brillian to raise prices, leading to higher margins.
No comments:
Post a Comment