By Kaitlyn Kiernan - Oct 4, 2011 8:42 PM GMT+0700
Shares of the following companies may are having unusual moves in U.S. trading. Stock symbols are in parentheses and prices are as of 9:40 a.m. in New York.
AMR Corp. (AMR) surged 19 percent to $2.36 after losing 33 percent yesterday. The parent of American Airlines advanced after several analysts said an American bankruptcy filing is unlikely. Rodman & Renshaw upgraded the airline to “market outperform” from “market perform.” Capstone Investments Inc. boosted the company to “buy” from “hold.”
JetBlue Airways Corp. (JBLU) rose 7.2 percent to $3.74. United Continental Holdings Inc. (UAL) gained 4 percent to $17.80. US Airways Group Inc. (LCC) increased 2.8 percent to $4.76.
McDermott International Inc. (MDR) fell 3.8 percent to $10.80. The offshore oil and gas contractor was cut from Goldman Sach & Co.’s conviction buy list. Goldman still lists the company as a “buy.”
Molycorp Inc. (MCP) jumped 3.2 percent to $31.10. The owner of the largest rare-earth deposit outside China will announce the discovery of rare earth materials near Mountain Pass, California, the New York Times reported. The mining company may be able to start producing in the area, where the company has had regulatory approval to mine for decades, the Times said, citing Chief Executive Officer Mark Smith.
NRG Energy Inc. (NRG) fell 3.6 percent to $19.22. The Princeton, New Jersey-based power producer cut its forecast for adjusted earnings before interest, taxes, depreciation and amortization in 2011 to no more than $1.85 billion from at least $1.9 billion.
SodaStream International Ltd. (SODA) rose 3.9 percent to $30.24. The producer of soda makers was raised to “buy” from “hold” at Deutsche Bank AG.
Yahoo! Inc. (YHOO US) gained 4.4 percent to $14.12. The private-equity firm Silver Lake, Alibaba Group Holding Ltd. and Russia’s Digital Sky Technologies are discussing a possible joint bid for the most-visited U.S. Web portal, three people with direct knowledge of the matter said.
To contact the reporter on this story: Kaitlyn Kiernan in New York at kkiernan2@bloomberg.net.
To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net
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