By Kate Gibson and Myra P. Saefong, MarketWatch
SAN FRANCISCO (MarketWatch) — Shares of the following companies made notable moves in Tuesday’s U.S. stock market:
Advancers
5 things your iPad won't say
SmartMoney.com reporter Jonnelle Marte turns the tablets on the wildly popular gadget on digits. Photo: Getty Images.
Crown Crafts Inc.’s /zigman2/quotes/202621768/composite CRWS -0.14% shares rallied 23% to close at $5.35 after the supplier of infant accessories late Monday said its board approved a doubling of its quarterly dividend to 8 cents a share.
Ista Pharmaceuticals Inc.’s shares gained 7.9% a day after Bausch + Lomb said it would buy the drug developer for about $500 million in cash. Read more about the acquisition.
Shares of Lennar Corp. /zigman2/quotes/202536373/composite LEN +2.48% rose 4.7% after touching a 52-week high of $28.28. The home builder reported Tuesday that its new home orders shot up 33% for its fiscal first quarter and its CEO Stuart Miller said in a statement that the home-building market is stabilizing. Shares of other home builders also rallied, with PulteGroup /zigman2/quotes/201694804/composite PHM +2.80% up nearly 4%. Read more on the home-builder rally.
Molycorp Inc. shares climbed 8.3%. News reports said a significant jump in 2011 earnings for Chinese rare-earth producer Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co. /zigman2/quotes/201229869/delayed CN:600111 -4.99% fueled a broad rally among rare-earth stocks.
Wabash National Corp. /zigman2/quotes/201427644/composite WNC -0.06% rose 9.5% after the truck-trailer manufacturer said it would pay $360 million to buy Walker Group Holdings LLC, a maker of liquid-transportation systems.
Wave Systems Corp. shares gained 18% after the provider of online-security products for businesses said it had been awarded a contract from the U.S. Army.
Decliners
Shares of Apollo Group Inc. dropped 8.5% after Credit Suisse cut its recommendation on the company’s stock to neutral from outperform. The move followed the release late Monday of the for-profit educator’s fiscal second-quarter results. Read about Apollo Group’s results.
Harry Winston Diamond Corp. shares fell 5.3%. Rio Tinto PLC /zigman2/quotes/202627887/composite RIO +0.94% is considering exiting its diamond operations and is exploring a range of options for the possible sale of those assets, which includes a 60% stake in Canada’s Diavik diamond mine. Harry Winston Diamond Corp. owns the remaining 40% of Diavik.
MAP Pharmaceuticals Inc.’s shares declined 4.1% after the company late Monday said the U.S. Food and Drug Administration had rejected its orally inhaled migraine treatment. Read more on MAP.
Shares of McMoRan Exploration Co. sank 7.5% after the company said it has not yet completed its Davy Jones No. 1 well in the Gulf of Mexico because of a malfunction in hydraulic equipment.
Total SA’s /zigman2/quotes/201824152/composite TOT +1.81% /zigman2/quotes/206172043/delayed FR:FP +0.46% U.S.-listed shares fell 7.1% as industry and government officials reviewed options for contending with an underwater gas leak from one of the company’s platforms east of Scotland. Read more on Total SA.
Add to watchlist
CRWS
Add to watchlist
LEN
Add to watchlist
PHM
Add to watchlist
CN:600111
Add to watchlist
WNC
Add to watchlist
RIO
Add to watchlist
TOT
Add to watchlist
FR:FP
