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.
Alpha Natural Resources Inc. (ANR) fell the most in the Standard & Poor’s 500 Index, erasing 3.6 percent to $19.72. The second-largest U.S. coal producer was cut to sell from fairly valued at CRT Capital Group LLC.
ATP Oil & Gas Corp. (ATPG) (ATPG US) rallied 19 percent, the most since March 2009, to $8.47. The drilling company said its oil production at a Mississippi Canyon well met expectations.
Bank of America Corp. (BAC US) rose the second-most in the Dow Jones Industrial Average, climbing 2 percent to $8.04. The second-biggest U.S. lender by assets and a group of investors that reached an $8.5 billion mortgage-bond settlement with the bank won their bid to remove the case from a federal with the judge and return it to state court.
Cheniere Energy Partners LP (CQP) rose 13 percent to $23.70, the highest price since January 2011. The Houston-based company said Blackstone Group LP agreed to invest $2 billion toward construction of a $5 billion natural-gas export terminal. Cheniere will use the proceeds to fund the Sabine Pass liquefaction project and the purchase of the Creole Trail pipeline from Cheniere Energy Inc. (LNG) , the company said in a statement. Cheniere Energy Inc. jumped 12 percent to $15.67.
Cooper Tire & Rubber Co. (CTBUS) (CTB US) advanced 14 percent, the most since March 2009, to $17.80. The tire maker reported fourth-quarter sales of $1.05 billion, beating the average analyst estimate of $1.02 billion in a Bloomberg survey.
Dendreon Corp. (DNDN) slumped 21 percent, the most since Nov. 3, to $11.81. The maker of the prostate-cancer drug Provenge said its January orders were weaker than in previous quarters.
InvenSense Inc. (INVN) (INVN US) dropped 10 percent to $15.98. The supplier of motion-processing equipment used in Nintendo Co. video-game devices and its stockholders intend to sell $110 million of shares, according to a regulatory filing.
Medco Health Solutions Inc. (MHS) rose 3.7 percent to $66.52, the highest price since January 2010. Express Scripts Inc.’s (ESRX) acquisition of the pharmacy-benefits manager is likely to close by the end of first half without “material” issues from the Federal Trade Commission, Jefferies Group Inc. said in a note. Express Scripts gained 1.2 percent to $53.05.
Micron Technology Inc. (MU) rallied 7.7 percent, the most in the Standard & Poor’s 500 Index, to $8.56. Rival Elpida Memory Inc., the last Japanese maker of computer-memory chips, filed for the nation’s biggest bankruptcy in two years after semiconductor prices plunged and it failed to win a second government bailout.
Whirlpool Corp. (WHR) advanced 6.7 percent to $76.10, the highest level since July 14. The world’s largest appliance maker will beat analysts’ estimates for 2012 earnings as profit recovers, Cleveland Research said in a note after meeting with the management.
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