Achillion Pharmaceuticals Inc. (ACHN US) slumped 6.9 percent to $10.77. The drug developer was cut to “underperform” from “buy” at Bank of America Corp., which said there is less room for further gains after merger-and- acquisition speculation drove the New Haven, Connecticut-based company's valuation higher.
Anadarko Petroleum Corp. (APC US) added 0.6 percent to $83.36. The largest U.S. independent oil and natural-gas producer by market value reported fourth-quarter profit excluding some items that beat the average analyst estimate by 36 percent, data compiled by Bloomberg show.
Bankrate Inc. (RATE US) dropped 5.6 percent to $23.02. The online publisher of personal finance information was cut to to “hold” from “buy” at Stifel Nicolaus & Co., which cited valuation.
Becton Dickinson & Co. (BDX US) slid 3.9 percent to $77.41. The maker of medical devices and supplies cut its forecast for 2012 to no more than $5.70 a share, below an earlier projection of as much as $5.85 and the average analyst estimate of $5.80.
Coinstar Inc. (CSTR US) surged 17 percent to $59.15. The owner of the Redbox movie-rental kiosks reported fourth-quarter profit that beat analyst estimates and said it will buy the competing service operated by NCR Corp. (NCR US).
Colfax Corp. (CFX US) dropped 9.9 percent to $30.17. The Fulton, Maryland manufacturer of pumps and specialty valves reported fourth-quarter sales of $177.8 million, missing the average analyst estimate of $189 million.
Globe Specialty Metals Inc. (GSM US): The maker of silicon metal was cut to “neutral” from “overweight” at JPMorgan Chase & Co., which cited lower silicon metal and alloy prices.
Kenexa Corp. (KNXA US) dropped 10 percent to $25.20. The employee recruiter said first-quarter earnings will be no more than 17 cents a share, missing the average analyst estimate of 21 cents.
Molina Healthcare Inc. (MOH US) climbed 8.6 percent to $34.31. The managed health-care provider's price forecast was lifted to $55 a share from $36 at Citigroup Inc., which said the Long Beach, California-based company will benefit from dual eligibility for Medicaid and Medicare.
PMC-Sierra Inc. (PMCS US) slid 5.8 percent to $6.35. The maker of chips for computer-networking and data-storage equipment forecast lower sales than estimated, citing weakness in spending by communications companies.
Sally Beauty Holdings Inc. (SBH US) declined 4 percent to $20.98. The distributor of professional beauty supplies said it will offer 20 million shares held by investment funds associated with Clayton, Dubilier & Rice LLC in a secondary offering.
Standard Pacific Corp. (SPF US) advanced 8.6 percent to $4.40. The Irvine, California-based homebuilder reported fourth- quarter profit and sales that beat the average analyst estimates in a Bloomberg survey.
Veeco Instruments Inc. (VECO US) declined 3.5 percent to $26.20. The maker of gear for chipmakers and data storage forecast first-quarter profit excluding some items of 13 cents a share to 34 cents a share. Analysts in a Bloomberg survey estimated 33 cents on average.
ViroPharma Inc. (VPHM US) fell 3.5 percent to $29.44. The pharmaceutical company said the Food and Drug Administration had questions regarding the application to expand manufacturing for Cinryze, a medicine for a genetic swelling disease, to an industrial scale.
Yum! Brands Inc. (YUM US) advanced 2.3 percent to $64.65. The owner of the KFC and Taco Bell fast-food chains said fourth- quarter profit gained 30 percent as sales increased at stores in China.
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