Rumored Gold Find Lifts BHP
Editor's Note: In this feature from Stockpickr, we highlight lists of stocks that have been upgraded by analysts or are experiencing activist situations or some other market moving events.
: A number of published reports speculate that
BHP Billiton
(BHP) - Get Report
is close to announcing a major gold find at its Olympic Dam mine in South Australia. The stock gained $3.48, or 4.8%, to $76.01.
ValueClick
(VCLK)
gained 7% on takeover speculation.
StreetInsider.com
said potential suitors include
Microsoft
(MSFT) - Get Report
,
Time Warner's
(TWC)
AOL unit,
Yahoo!
(YHOO)
and
(GOOG) - Get Report
. The stock became a popular play for takeover speculators earlier this year, after Microsoft bought aQuantive and Google swallowed DoubleClick. Shares were up $1.40 to $21.88, below its 52-week high of $36.70.
: Shares of
PetroChina
(PTR) - Get Report
were rallying 7.3% after the company won regulatory approval in China for an initial public offering on the Shanghai stock exchange. The stock jumped $12.18 at $179.40.
Arris Group
(ARRS) - Get Report
bought rival networking company
C-Cor
(CCBL)
for $730 million in cash and stock. The offer of $13.75 a share represents approximately a 39% premium to C-Cor's closing price Friday. Arris was sinking $2.43, or 17%, to $11.83, while C-Cor rocketed $2.07, or 21%, to $11.95.
: Bear Stearns downgraded biomedical instrument maker
Beckman Coulter
(BEC)
to peer perform from outperform. The stock is up 21% on the year and is approaching the firm's $75 price target. Bear said above-average sales growth is already priced in. Shares lost 64 cents at $72.45.
: Cowen upgraded
Ariba
(ARBA)
to outperform from underperform. The upgrade sent shares 70 cents higher at $10.92.
: In an amended regulatory filing on consumer goods maker
Lancaster Colony
(LANC) - Get Report
, Barington Capital disclosed its intention to nominate three board members at the company's annual shareholder meeting slated for Nov. 19. The stock was 25 cents lower at $37.81.
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