-$1.00
4.8%
Shares of Countrywide Financial Corp. slid to $20.00. The nation’s largest mortgage lender had its earnings estimates cut by Lehman Brothers Holdings Inc. Piper Jaffray & Co. reduced its rating to “market perform” from “outperform.”
$1.71
7.5%
Shares of Discovery Holding Co. rose to $24.55. The owner of the Discovery Channel was raised to “buy” from “hold” by a Deutsche Bank Securities analyst on expectations of strong ad growth.
$0.61
50.4%
Gateway Inc. stock jumped to $1.82. Shares rose the most since their initial public offering in December 1993 after Acer Inc. of Taiwan agreed to buy Gateway for $710 million.
$1.11
7.9%
Rambus Inc. stock climbed to $15.16. The computer-chip designer said former Chief Executive Geoff Tate and three other former executives will pay $6.5 million to the firm to resolve claims over misdated employee stock-options grants.
$2.61
78.4%
Shares of Superconductor Technologies Inc. surged to $5.94. The stock gained the most since February 2000 after the maker of filters to cut interference on wireless networks said it’s in talks to set up a joint venture with Hunchun BaoLi Communication Co. in China.
$2.20
4.9%
Tiffany & Co. stock advanced to $47.42. The nation’s largest luxury retailer was the biggest gainer in the Standard & Poor’s 500 after Goldman, Sachs & Co. and Bear Stearns & Co. said it was undervalued.
