June 26 (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 11:40 a.m. New York time.
Celgene Corp. (CELG US) gained $1.64, or 2.9 percent, to $57.89. The maker of drugs to treat blood cancers was raised to ``overweight'' from ``equal weight'' by Lehman Brothers Inc. Celgene will be the ``top revenue and earnings performer'' among large biotechnology companies, analyst Jim Birchenough wrote in a note to clients.
Christiana Bank & Trust Co. (CBTD US) jumped $9.95, or 38 percent, to $35.85. National Penn Bancshares Inc. (NPBC US) agreed to buy Christiana Bank for $37.85 a share.
Dolby Laboratories Inc. (DLB US) rose $1.58, or 4.8 percent, to $34.24. Shares of the audio technology company were raised to ``overweight'' from ``neutral'' by JPMorgan's Paul Coster, who said that proliferation of digital television and other new technologies will drive growth. Coster raised his earnings forecast for this year to $1 a share. Analysts expect $1.04, the average estimate in a Bloomberg survey.
Energy East Corp. (EAS US) rose $3.94, or 17 percent, to $26.48. Iberdrola SA (IBE SM) agreed to buy the provider of energy services in the northeast U.S. for $4.5 billion, or $28.50 a share in cash. Shares rose 17 cents to $22.54 in regular trading yesterday. Goldman Sachs raised its rating on the shares to ``neutral'' from ``sell'' and Jefferies raised its rating on the stock to ``hold'' from ``underperform.''
First Community Bancorp Inc. (FCBP US) rose $1.11, or 2 percent, to $57.09. Standard & Poor's said that the California- based bank holding company will replace Investors Financial Services Corp. in the S&P MidCap 400 index.
FreightCar America Inc. (RAIL US) fell 58 cents, or 1.2 percent, to $48.82. The maker of railroad freight cars said in a statement on Business Wire that it expects a second-quarter profit of 85 cents to 95 cents a share. Four analysts estimated the company would post a net income of $1.20 a share, the average in a Bloomberg survey.
GeoPharma Inc. (GORX US) rose 11 cents, or 2.6 percent, to $4.20. The medical products maker said in a statement sent by PR Newswire that fourth-quarter revenue rose 7.9 percent to $14.4 million.
General Growth Properties Inc. (GGP US) rose $1.31, or 2.5 percent, to $52.88. The second-largest owner of U.S. shopping malls by market value will replace Mellon Financial Corp. in the Standard & Poor's 500 Index, S&P said yesterday in a statement posted on its Web site.
Huntsman Corp. (HUN US) rose $5.35, or 28 percent, to $24.25. Basell Holdings NV agreed to buy Huntsman for $9.6 billion, including debt. Huntsman shareholders will receive $25.25 a share, Hoofddorp, Netherlands-based Basell said in an e- mailed statement.
IXYS Corp. (IXYS US) fell 88 cents, or 9 percent, to $8.88. The chipmaker reduced its revenue forecast for the current quarter, predicting sales of as much as $72 million. The company had anticipated $74 million.
Kroger Co. (KR US) fell $1.72, or 5.8 percent, to $27.94. The biggest U.S. supermarket chain said first-quarter earnings rose less than analysts estimated and profit margins fell on costs from a strike in Kentucky and competition with Wal-Mart Stores Inc. (WMT US).
Steak n Shake Co. (SNS US) rose $2.22, or 15 percent, to $17. The restaurant chain said in a U.S. Securities and Exchange Commission filing that hedge fund HBK Investments LP owned a 9.5 percent stake.
Steelcase Inc. (SCS US) fell $1.31, or 6.6 percent, to $18.50. The maker of office furniture said that, excluding some items, it expects to earn 19 cents to 24 cents a share in the second quarter. Analyst Matthew McCall at BB&T Capital Markets forecast 30 cents.
Synnex Corp. (SNX US) fell $1.18, or 5.5 percent, to $20.35. The provider of supply-chain services to the computer industry said it expects to earn 44 cents to 46 cents a share in the third quarter. Six analysts surveyed by Bloomberg had an average estimate of 46 cents.
Ventana Medical Systems Inc. (VMSI US) rose $25.29, or 49 percent, to $77.03. Roche Holding AG (ROG VX), the world's biggest maker of diagnostic tests, offered to buy Ventana for about $3 billion, or $75 a share, in cash.
W Holding Inc. (WHI US) fell $1.61, or 32 percent, to $3.40. The owner of Westernbank Puerto Rico disclosed in a filing with the U.S. Securities and Exchange Commission that one of its larger asset-based loans is ``impaired.''
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