Bloomberg News

Amerco, Deere, Forestar, ProLogis, Spartech: U.S. Equity Movers

June 09, 2011

June 9 (Bloomberg) -- Shares of the following companies had unusual moves in U.S. trading. Stock symbols are in parentheses and prices are as of 4 p.m. in New York.

Fertilizer producers gained after the U.S. Department of Agriculture cut its estimate of corn inventories. CF Industries Holdings Inc. (CF US) added 4.2 percent to $154.86. Potash Corporation of Saskatchewan Inc. (POT US) advanced 4 percent to $55.36. Mosaic Co. (MOS US) increased 4.8 percent to $68.84. Agrium Inc. (AGU US) gained 3.4 percent to $84.71.

Makers of agriculture machinery also climbed. Agco Corp. (AGCO US) rose 2.5 percent to $48.24. Deere & Co. (DE US) jumped 2.6 percent to $82.

Amerco (UHAL US) gained 8 percent, the most since Feb. 3, to $93.25. The owner of the U-Haul International truck-rental service reported a fourth-quarter profit of 52 cents a share. That compares with a loss of 43 cents in the same period last year.

Five Star Quality Care Inc. (FVE US) fell 13 percent, the most since June 2009, to $6.27. The operator of housing developments for senior citizens said it’s offering to sell 10 million shares, raising money to repay loans and fund acquisitions.

Forestar Group Inc. (FOR US) climbed 11 percent, the most since August 2009, to $16.32. The manager of land with oil and gas interests scrapped a plan to sell a combined $250 million convertible notes and senior secured notes, citing a “deterioration in the capital markets.”

Fusion-io Inc. (FIO US) rallied 18 percent to $22.50 on the first day of trading. The maker of flash-memory technology for companies including Facebook Inc. raised $233.7 million in an initial public offering after pricing the shares above the top end of an increased range.

Home Retail Group Plc (HMRTY US) slumped 13 percent, the most since December 2008, to $11.63. The British retailer cut its annual revenue forecast for its U.K. Argos chain.

Interpublic Group of Cos. (IPG US) rose 6.4 percent to $11.90 for the biggest increase in the Standard & Poor’s 500 Index. The New York-based advertising company had its second- quarter sales estimate increased at JPMorgan Chase & Co., which cited “strong trends” in spending from advertisers.

Spartech Corp. (SEH US) dropped the most in the Russell 2000 Index, erasing 13 percent to $5.76. The maker of plastic sheeting and molded products forecast full-year earnings excluding some items of 20 cents a share at most, trailing the average analyst estimate of 31 cents in a Bloomberg survey.

Vertex Pharmaceuticals Inc. (VRTX US) slumped 9.5 percent, the most in the Russell 1000 Index, to $48.09. The drugmaker announced results from a clinical trial for cystic fibrosis that fell short of analysts’ expectations.

--With assistance from Lu Wang, Inyoung Hwang and Whitney Kisling in New York. Editors: Michael Regan, Joanna Ossinger

To contact the reporter on this story: Nikolaj Gammeltoft in New York at ngammeltoft@bloomberg.net

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net.


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