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Tuesday, December 13, 2011

US Equity Movers December 13 2011

US Equity Movers December 13 2011 : Shares of the following companies are having unusual moves in U.S. trading. Stock symbols are in parentheses, and prices are as of 9:50 a.m. in New York.

Best Buy Co. (BBY US) decreased 12 percent to $24.65, the biggest intraday decline since December 2010. The world's largest consumer-electronics retailer reported third-quarter profit that trailed analysts' estimates, hurt by Black Friday promotional costs.

Endocyte Inc. (ECYT US) slumped 62 percent, the most in the Russell 2000 Index, to $3.88. The biopharmaceutical company said a clinical study of its ovarian cancer treatment was “inconclusive” on its overall survival advantage.

Ivanhoe Mines Ltd. (IVN US) fell 11 percent to $18.34 after sliding 17 percent, the most intraday since Sept. 26. Rio Tinto Group (RIO US), the world's third-biggest mining company, said it won't seek full control of its Mongolian project partner Ivanhoe Mines after an arbitrator ruled in its favor in a shareholding dispute.

Morgan Stanley (MS US) rose 4.8 percent to $16.11 for the second-biggest gain in the Standard & Poor's 500 Index. The owner of the world's largest brokerage reached a settlement with MBIA Inc. (MBI US) that terminates credit-default swap deals and resolves pending litigation. MBIA advanced 6.7 percent to $12.16.

Sensata Technologies Holding NV (ST US) fell 2.8 percent to $29.40 after declining 6.5 percent, the most intraday since Oct. 19. The Almelo, Netherlands-based maker of sensors cut its forecast for the fourth quarter on flooding in Thailand, saying revenue will be hurt by as much as $25 million.

Synovis Life Technologies Inc. (SYNO US) rose the most in the Russell 2000 Index, rallying 51 percent to $27.77. Baxter International Inc. (BAX US) said it will buy the St. Paul, Minnesota-based company and its line of soft-tissue repair products for $325 million.

Urban Outfitters Inc. (URBN US) rallied 8.3 percent to $28.77 after rising 12 percent, the most intraday since Oct. 27. The clothing retailer that operates chains including Anthropologie said fourth-quarter same-store sales are up in the “mid single-digit” percentage range, according to a filing. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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