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Oct. 11 (Bloomberg) -- Shares of the following companies are having unusual moves in U.S. trading. Stock symbols are in parentheses and prices are as of 1:50 p.m. in New York.
Fertilizer producers advanced after Credit Suisse Group AG said the industry’s valuations “look highly compelling.” Mosaic Co. (MOS US) had the third-biggest gain in the Standard & Poor’s 500 Index, adding 4.7 percent to $56.02. CF Industries Holdings Inc. (CF US) climbed 4.7 percent to $146.97. Potash Corporation of Saskatchewan Inc. (POT US) rose 3 percent to $48.17.
Solar shares declined after Raymond James Financial Inc. cut estimates for the group, citing “drastically” reduced pricing and margin assumptions. First Solar Inc. (FSLR US) fell 5.3 percent, the most in the S&P 500, to $56.61. SunPower Corp. (SPWRA US) slid 2.7 percent to $8.22. Suntech Power Holdings Co. (STP US) retreated 8 percent to $2.30.
Aeropostale Inc. (ARO US) rose 5.6 percent to $12.81 and reached $12.94 earlier, the highest intraday price since Aug. 17. The teen-clothing retailer was raised to “buy” from “hold” at Jefferies & Co. Inc.
AMR Corp. (AMR US) advanced 8.1 percent to $2.74 for the second-biggest gain in the Russell 1000 Index. The company’s American Airlines unit joined its bigger U.S. peers with deeper seating cuts and said it would ground 11 jets in 2012 as it faces a weak economy, more pilot retirements and higher fuel costs.
BigBand Networks (BBND US) surged 74 percent, the most in the Russell 2000 Index, to $2.22. The maker of digital video equipment agreed to be acquired by Arris Group Inc. (ARRS US) for $2.24 a share. Arris lost 1.5 percent to $11.35.
Dollar Thrifty Automotive Group Inc. (DTG US) sank 1.9 percent to $59.28, the first decline in five days. The fourth- biggest U.S. rental-car chain said it ended its sale process because Hertz Global Holdings Inc.’s (HTZ US) bid didn’t meet the board’s requirements of an offer cleared of antitrust risk.
Jones Group Inc. (JNY US) soared 9.4 percent to $10.60 after rallying 14 percent earlier, the most intraday since July 27. Delta-Galil Industries Ltd. (DELT IT) said it’s in talks to buy the jeans operations of the New York-based apparel and footwear maker. Delta expects to pay $350 million to $400 million for the purchase, according to a statement filed today with the Tel Aviv Stock Exchange.
Juniper Networks Inc. (JNPR US) rose 2.1 percent to $20.09 after climbing to $20.75 earlier, the highest intraday price since Sept. 16. The second-largest maker of Internet networking equipment may beat analysts’ estimates because of “solid networking demand and modest cost reductions,” Barclays Plc said in a note to clients.
Kenexa Corp. (KNXA US) jumped 13 percent to $19.61 after climbing 15 percent earlier, the most intraday since August. The employee recruiter said preliminary third-quarter revenue will be at or above the high end of its previously issued $72 million to $74 million range.
Netflix Inc. (NFLX US) fell the second-most in the S&P 500, sinking 4.7 percent to $106.38. Time Warner Inc. will begin offering its HBO Go streaming-video service on set-top boxes made by Roku Inc., which said the deal will add 1,400 titles for viewing on big-screen televisions. Netflix provides mail-order and online film-rental service.
Rubicon Technology Inc. (RBCN US) slipped 8.2 percent to $9.62, the lowest value intraday since July 2009. The maker of crystalline products was cut to “underweight” from “neutral” at Piper Jaffray & Co., which cited falling sapphire prices and increased competition.
Sally Beauty Holdings Inc. (SBH US) slumped 6.2 percent, the most in the Russell 1000 Index, to $16.47. The distributor of professional beauty supplies said it began a secondary offering of 15 million shares of common stock.
Synaptics Inc. (SYNA US) rose 4.8 percent to $28.81 and climbed to $29.59 earlier, the highest intraday price since May 19. The maker of touch pads for digital music players and electronic devices was raised to “buy” from “neutral” at Collins Stewart LLC.
--With assistance from Inyoung Hwang, Nikolaj Gammeltoft, Whitney Kisling and Lu Wang in New York. Editors: Stephen Kleege, Joanna Ossinger
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