By Kate Gibson, MarketWatch
NEW YORK (MarketWatch) — Shares of the following companies made notable moves in Wednesday’s U.S. stock market:
Advancers
Abercrombie & Fitch Co. /zigman2/quotes/206677024/composite ANF -3.75% leapt 8.3% after the teen-apparel retailer said it expects its profit margin to stabilize in the latter half of 2012. Read more about retailer’s welcome news for investors.
BioSante Pharmaceuticals Inc. shares surged 27% after the Food and Drug Administration late Tuesday said it had cleared the sale of the drug developer’s testosterone replacement for men.
Comcast Corp. /zigman2/quotes/209472081/composite CMCSA -0.02% shares advanced 4.7% a day after the cable company authorized a $6.5 billion share-repurchase program.
Dean Foods Co. shares rose more than 10% after the dairy supplier reported an adjusted quarterly profit that beat Wall Street estimates.
Juniper Networks Inc. /zigman2/quotes/207361368/composite JNPR +0.24% shares climbed 7% after Jefferies Group Inc. wrote in a research note the networking-equipment maker remains a favored vendor by AT&T Inc. /zigman2/quotes/203165245/composite T +0.94%
Kellogg Co. /zigman2/quotes/209631250/composite K -0.38% shares climbed 5% after it said it would buy Procter & Gamble Co.’s /zigman2/quotes/202894679/composite PG +0.06% potato-chip unit for about $2.7 billion in cash.
Pinnacle Entertainment Inc. advanced 5% after the casino operator reported adjusted fourth-quarter earnings that exceeded analysts’ estimates.
Wellcare Health Plans Inc. /zigman2/quotes/207459018/composite WCG +1.35% shares gained 9.2% after the insurer reported fourth-quarter earnings that topped expectations.
Iran helps push oil over $100 a barrel
Markets editor Michael Casey preview the day on Wall Street, including oil prices shooting up over $100 a barrel.
Decliners
Active Power Inc. shares retreated 14% to 80 cents after the backup-power developer reported fourth-quarter revenue below expectations.
FMC Technologies Inc. /zigman2/quotes/207530935/composite FTI -1.30% shares fell 5.% after the oilfield-equipment maker late Tuesday reported a fourth-quarter profit short of estimates.
Owens Corning /zigman2/quotes/202113551/composite OC -4.20% shares declined 6.3% after the building-materials maker reported fourth-quarter earnings below Wall Street’s expectations.
Powerwave Technologies Inc. shares slid 14% to $1.35 after JPMorgan Chase & co. downgraded the manufacturer of wireless-communication gear to underweight from neutral.
Willis Group Holdings Ltd. shares declined 10.7% a day after the insurance broker reported fourth-quarter profit beneath estimates.
Zynga Inc. /zigman2/quotes/209662259/composite ZNGA -2.04% shares declined almost 18% after at least three analysts cut their ratings on the social-game maker following its fourth-quarter earnings report late Tuesday. Read the Ratings Game: Zynga shares are pinched.
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