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Monday, August 1, 2011

U.S. Equity Movers august 1st 2011, Health Care REIT, Paetec, Sohu.com, Talbots

U.S. Equity Movers august 1st 2011, Health Care REIT, Paetec, Sohu.com, Talbots : Shares of the following companies are having unusual moves in U.S. trading. Stock symbols are in parentheses and prices are as of 10 a.m. in New York. Health-care stocks declined after Medicare, the U.S. health plan for the elderly and disabled, announced an 11.1 percent rate cut for next year.

Health Care REIT Inc. (HCN US) fell the most in the Standard & Poor's 500 Index, sliding 5.7 percent to $49.75. HCP Inc. (HCP US) retreated 4.4 percent to $35.10.

Kindred Healthcare Inc. (KND US) plunged 25 percent to $14.09 and Sun Healthcare Group Inc. (SUNH US) tumbled 57 percent to $3.03. Sabra Health Care REIT Inc. (SBRA US) declined 25 percent to $10.88. Skilled Healthcare Group Inc. (SKH US) slumped 39 percent to $5.35. Ensign Group Inc. (ENSG US) slid 20 percent to $22.69. National Healthcare Corp. (NHC US) fell 13 percent to $41.26.

Paetec Holding Corp. (PAET US) rose the most in the Russell 2000 Index, rallying 18 percent to $5.20. The provider of telephone and Internet access to businesses agreed to be bought by Windstream Corp. (WIN US) for about $891 million.

Sohu.com Inc. (SOHU US) fell 6.5 percent to $84.28 and slipped as much as 8.9 percent, the most intraday since May 3. The operator of China's fifth most-visited website reported second-quarter profit rose 37 percent, missing analysts' estimates, after the company boosted spending to offer online games and video services.

Standard Pacific Corp. (SPF US) increased 3.9 percent to $2.97 after climbing as much as 11 percent, the most intraday since July 2010. The Irvine, California-based homebuilder was upgraded to "buy" from "neutral" by UBS AG, which said the strategy of buying land at attractive prices regardless of the stage of development will boost the company's performance.

Talbots Inc. (TLB US) jumped 7.2 percent to $3.71 and increased to $3.88 earlier, the highest intraday price since June 6. Private equity firm Sycamore Partners L.P. reported a 9.9 percent stake in the women's clothing retailer, making it the company's second-largest shareholder, according to Bloomberg data. For the latest updates PRESS CTR + D or visit Stock Market news Today

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