By MarketWatch
NEW YORK (MarketWatch) -- Shares of the following stocks were among those that made notable moves in the U.S. stock market on Wednesday:
Advancers
Air Transport Services Group Inc. /zigman2/quotes/202631986/composite ATSG +1.23% shares gained 45% after the aircraft leasing firm announced long-term operating pacts with DHL.
ArQule Inc. climbed 63% after the company reported positive phase II trial results for its drug candidate to treat lung cancer.
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Bank of Ireland's U.S. shares rose nearly 13% after the lender said it could raise sufficient capital without the Irish government becoming a majority shareholder. Read more about government plan to buy risky loans.
Genworth Financial Inc. /zigman2/quotes/204924015/composite GNW -0.34% shares were up 5.1%, with it and other mortgage and bond insurers rising after Mortgage Insurance Companies of America said the number of borrowers who caught up on past-due mortgages exceeded the count of homeowners who became newly delinquent. Radian Group /zigman2/quotes/208787359/composite RDN +0.71% advanced 7.1%, MGIC Investment Group /zigman2/quotes/207445148/composite MTG +0.88% gained 8.3%, and shares of PMI Group Inc. rose 19%. See Financial Stocks.
Isis Pharmaceuticals Inc. shares gained 6.1% after it and GlaxoSmithKline Plc /zigman2/quotes/209463850/composite GSK -1.11% said they would jointly develop some therapies. See Biotech Stocks.
Meru Networks Inc. shares rose 28% as the wireless network provider's initial public offering hit the top of its anticipated range. See IPO Report on Meru.
Omeros Corp. /zigman2/quotes/210447752/composite OMER -8.75% shares climbed 16% after the company reported positive results in a mid-stage study of its experimental knee drug.
Oxigene Inc. shares climbed 23% after Roth Capital Partners initiated coverage of the drug developer with a buy recommendation.
Decliners
A-Power Energy Generation Systems Ltd.'s U.S. shares fell 11% after the Chinese manufacturer of power systems projected 2010 results below estimates.
Cell Therapeutics Inc. /zigman2/quotes/202843346/composite CTIC -4.81% shares were down nearly 11% after it said it would sell $20 million of preferred stock shares and warrants.
Hudson Highland Group Inc. shares were down 9% after the staffing company filed for a 4.2 million share common stock offering.
Orient Paper Inc. shares fell more than 12% after the Chinese paper maker priced a public offering of 3 million shares of common stock.
Rite Aid Corp. /zigman2/quotes/201733831/composite RAD -16.37% shares were off 11% after the drugstore chain projected 2010 results that fell below what Wall Street anticipated.
SAIC Inc. /zigman2/quotes/227657185/composite SAI -3.60% shares fell 6.7% after the defense contractor cut its 2010 earnings forecast and reported a fourth-quarter profit beneath expectations.
SmartHeat Inc.'s U.S. shares declined 14% after the Chinese provider of clean-technology products and services reported earnings that missed expectations.
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