BOSTON (MarketWatch) — Shares of the following companies were making sizable moves in the U.S. stock market Wednesday afternoon:
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American International Group Inc.’s /zigman2/quotes/203700638/composite AIG +1.96% shares gained 3% after the global insurer and federal government said in a regulatory filing they would sell 300 million shares to the public.
Northwest Pipe Co.’s /zigman2/quotes/200402928/composite NWPX +0.98% shares rose 8% after the pipeline maker said earnings more than tripled in the first quarter.
Rovi Corp.’s shares soared 18% a day after the television-listings data company projected 2011 earnings above estimates. Read more on Rovi earnings.
Systemax Inc.’s shares climbed 9% a day after the electronics retailer reported first-quarter income that beat analysts’ expectations.
Zagg Inc.’s shares climbed 7% after the distributor of electronics accessories late Tuesday raised its yearly sales forecast above analysts’ expectations.
Yahoo Inc. shares retreated 8% in early afternoon trading after the Internet portal disclosed that Alibaba Group has transferred ownership of its online payments business to an entity controlled by Alibaba’s CEO. Yahoo has a 43% stake in Alibaba. Read Alibaba story.
Conceptus Inc.’s shares slid 18% a day after the maker of a sterilization method reported a larger first-quarter loss than Wall Street analysts had projected. Read more on Conceptus earnings.
Ener1 Inc.’s shares sank 26% after the battery manufacturer late Tuesday reported a first-quarter loss of $84.7 million.
Stocks lower on data, earnings
Stocks trade lower following news that the U.S. trade gap widened and disappointing earnings from Walt Disney. Photo from Getty.
Kid Brands Inc. shares plunged 16% after the baby goods retailer reported disappointing first-quarter sales and issued a weaker-than-expected fully-year forecast.
Harvest Natural Resources Inc.’s shares fell 6% after the oil and natural-gas company reported first-quarter earnings under expectations.
Scientific Games Corp.’s /zigman2/quotes/202731508/composite SGMS -0.26% shares fell 5% after the maker of lottery tickets reported first-quarter results that fell short of consensus forecasts.
Stec Inc.’s shares declined 19% after the manufacturer of flash-memory drives late Tuesday projected second-quarter profit below expectations.
Black Hills Inc. /zigman2/quotes/200702540/composite BKH -0.19% shares skidded 8%. On Wednesday, the energy company issued a disappointing quarterly earnings report and lowered its fiscal 2011 forecast.
Intralinks Holdings plunged 30% after the company released its first-quarter earnings report.