Bloomberg News

First Solar, Jive, Madison Square Garden: U.S. Equity Movers

February 13, 2012

Feb. 13 (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.

AmerisourceBergen Corp. (ABC US) sank 3.6 percent, the most since Oct. 3, to $37.21. The drug distributor said Chief Financial Officer Michael DiCandilo left the company.

Chelsea Therapeutics International Ltd. (CHTP US) dropped the most in the Russell 2000 Index, sinking 38 percent to $3.11. The biotechnology company said the Food and Drug Administration has placed “increased emphasis on safety data” in its review of the company’s Northera drug.

Complete Genomics Inc. (GNOM US) rose the most in the Russell 2000 Index, rallying 42 percent to $4.66. The makers of genomic analysis tools said it was picked by Mayo Clinic to provide human genome sequencing.

Dana Holding Corp. (DAN US) climbed 4.5 percent to $15.95, the highest price since Aug. 1. The maker of vehicle axles and other drive-line components may rise this year as it expands in emerging markets and makes environmentally friendly products, Barron’s reported, citing Gabelli & Co. analyst Brian Sponheimer.

Diebold Inc. (DBD US) rose 9.2 percent, the second-most in the Russell 1000 Index, to $37.94. The maker of automated bank- teller machines forecast 2012 earnings per share of $2.30 to $2.50 a share, compared with the average analyst estimate of $2.31, and forecast sales growth of at least 3 percent, beating the average estimate of 2 percent.

First Solar Inc. (FSLR US) had the biggest retreat in the S&P 500, tumbling 5 percent to $41.72. The biggest maker of thin-film solar panels may have no earnings growth over the next two to three years, Bank of America Corp. wrote in a note today. “We don’t think there’s a reason to chase the shares,” the note said.

Jive Software Inc. (JIVE US) rose 8.6 percent to $18.54, the highest since its initial public offering in December. The social business software and services company gained after a Barron’s story over the weekend highlighted its similarities to Facebook Inc.

Madison Square Garden Co. (MSG US) gained 3.8 percent to $32.32, rallying for the ninth straight day. The owner of the New York Knicks basketball franchise has surged to a record as Jeremy Lin jerseys became the best-seller in the National Basketball Association, just over a week after the 23-year-old player was a substitute on the team.

Regeneron Pharmaceuticals Inc. (REGN US) jumped 12 percent, the most in the Russell 1000 Index, to $114.65. The drugmaker reported a fourth-quarter adjusted loss per share that was narrower than the average analyst estimate and increased its 2012 U.S. sales forecast for its Eylea treatment for a blindness-causing eye disorder to at least $250 million from no more than $160 million.

W.W. Grainger Inc. (GWW US) rose 4.2 percent to $208.46, the highest price since at least 1980. The distributor of building maintenance supplies reported January sales that grew 12 percent excluding acquisitions compared to a year earlier.

--With assistance from Lu Wang, Andrew Theen and Inyoung Hwang in New York. Editors: Stephen Kleege, 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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