US Stock Market: Top Movers

July 17 -(Bloomberg)- Shares of the following companies are having unusual moves in U.S. trading. Stock symbols are in parentheses, and prices are as of 10 a.m. in New York.

Akamai Technologies Inc. (AKAM:US) fell 3.7 percent to $19.44 and slipped 4 percent earlier, the most intraday since July 6. The provider of software that makes Web sites load faster was cut to “sell” from “neutral” at Goldman Sachs Group Inc., which cited “aggressive competition.”

AngioDynamics Inc. (ANGO:US) lost 13 percent to $11.33 and slumped 14 percent earlier, the most intraday since Jan. 7. The maker of devices to treat cancer and heart disease said that, excluding some items, it earned 14 cents a share in the fiscal fourth quarter. That trailed the average analyst estimate by 6.7 percent, according to Bloomberg data.

Badger Meter Inc. (BMI:US) declined 9.6 percent to $36.52 and fell earlier to $34.80, the lowest intraday price since May 26. The Milwaukee-based maker of water meters and fluid-control devices posted second-quarter profit excluding some items of 48 cents a share, missing the average analyst estimate by 12 percent.

BioCryst Pharmaceuticals Inc. (BCRX:US) jumped 39 percent to $5.85 for the biggest advance in Russell 2000 Index. The company said its experimental influenza treatment peramivir showed positive results in two Phase 3 studies.

Callaway Golf Co. (ELY:US) fell 9.4 percent to $5.12 and slipped 9.7 percent earlier, the most intraday since June 9. The maker of Big-Bertha and Steelhead golf clubs reduced its forecast, saying it no longer expects second-half earnings to be higher than last year.

Citigroup Inc. (C:US) gained 2.6 percent to $3.11. The New York-based bank posted second-quarter profit of $4.3 billion, or 49 cents a share, compared with a loss of $2.5 billion, or 55 cents a share, a year earlier. The results include a $6.7 billion after-tax gain from selling control of the Smith Barney brokerage to Morgan Stanley.

CIT Group Inc. (CIT:US) rose the most in the Standard & Poor’s 500 Index, surging 27 percent to 52 cents. The 101-year- old commercial finance company facing bankruptcy said it’s in talks with potential lenders after failing to receive federal guarantees for its bonds.

First Horizon National Corp. (FHN:US) fell 5.2 percent to $12.02 and dropped 5.5 percent earlier, the most intraday since May 20. Tennessee’s biggest bank had a second-quarter loss of 58 cents a share, double the average loss estimated by analysts in a Bloomberg survey.

General Electric Co. (GE:US) had the steepest loss in the Dow Jones Industrial Average, slumping 6.1 percent to $11.65. The industrial and finance company reported second-quarter revenue of $39.1 billion, missing average estimate of $41.9 billion in a Bloomberg survey of analysts.

Gilead Sciences Inc. (GILD:US) gained 2.9 percent to $48.24 and advanced earlier to $48.35, the highest intraday price since April 6. The world’s biggest maker of AIDS drugs said it will collaborate with Tibotec Pharmaceuticals to develop a once daily HIV treatment drug containing medicines from each company to help simplify therapy. If approved, the new product would be the second single-tablet treatment regimen for HIV of its kind, the company said.

Google Inc. (GOOG:US) retreated 2 percent to $433.60. The owner of the world’s most popular search engine reported slower second-quarter sales growth as advertisers held back spending amid the global recession.

International Business Machines Corp. (IBM:US) rose the most in the Dow Jones Industrial Average, adding 2.7 percent to $113.62. The world’s biggest computer-services provider increased its full-year earnings forecast as it boosted profitability during the recession.

Mattel Inc. (MAT:US) climbed 3.4 percent to $16.74 and increased earlier to $17.06, the highest intraday price since Oct. 8. The world’s biggest toymaker posted second-quarter profit, excluding some items, of 6 cents a share, surpassing the 1-cent average analyst estimate in a Bloomberg survey.

Popular Inc. (BPOP:US) dropped 9.2 percent to $1.19 and slumped earlier to $1.12, the lowest intraday price since December 1989. The Puerto Rican bank with branches in the U.S. posted a second-quarter loss excluding some items of 65 cents a share, 49 percent wider than the average analyst estimate, according to Bloomberg data.

Schnitzer Steel Industries Inc. (SCHN:US) fell 5.1 percent to $51.32. The century-old recycler of scrap metal was cut to “underweight” from “equal weight” at Morgan Stanley, which said slow growth in developed economies will cut scrap supply.

Tempur-Pedic International Inc. (TPX:US) jumped 5.8 percent to $13.79 and climbed earlier to $14, the highest intraday price since May 7. The maker of luxury mattresses reported earnings excluding some items of 22 cents a share in the second quarter, beating the average analyst estimate by 25 percent.

Yahoo! Inc. (YHOO:US) climbed 3.5 percent to $16.75 after rising earlier to $16.86, the highest intraday price since June 5. The world’s second-most-used Internet search engine had its share-price estimate raised to $19 from $13.25 at Oppenheimer & Co., which cited rival Google Inc.’s comment in a second quarter earnings call that larger advertisers are returning. Yahoo! also is close to signing a partnership to collaborate with Microsoft Corp. on Internet-search technology and advertising, two people familiar with the matter said.