$7.45
5.6%
Sears Holdings Corp. stock jumped to $140.55. The shares of the Hoffman Estates-based retailer gained the most since June 2006 after it narrowed its second-quarter profit guidance and said it would spend as much as $1.5 billion to buy back shares.
$2.42
9.2%
Shares of Career Education Corp. climbed to $28.85. The stock of the Hoffman Estates-based chain of U.S. for-profit colleges rose the most in three months after it was raised to “buy” from “hold” by an analyst at Signal Hill Capital Group LLC.
-$3.09
34.6%
Shares of Accredited Home Lenders Holding Co. sank to $5.82. It fell the most in the Russell 2000 index of smaller companies after the subprime mortgage lender sued Lone Star Funds, seeking to force it to complete a $400 million takeover announced in June. Lone Star said Aug. 10 it wouldn’t complete the buyout.
$4.31
5.6%
Shares of Polo Ralph Lauren Corp. advanced to $81.71. Credit Suisse Group said the clothing designer’s stock is undervalued. Polo also announced plans to buy back as much as $250 million of its shares.
$1.75
9.2%
ValueClick Inc. stock surged to $20.83. The nation’s second-biggest Internet advertising broker was raised to “overweight” from “neutral” by a JPMorgan analyst who said he was optimistic about the firm’s revenue.
-$2.34
3.5%
Fannie Mae stock sank to $64.12. The Office of Federal Housing Enterprise Oversight denied the company’s request to buy more loans.
