U.S. Movers: Ice, ITT, Nike, Shire

Mukesh Buch
28 Jun, 2011
New York City

ICE mobile is now available for Android devices and mobile trading. ITT Corp. signed seven-year strategic partnership agreement to provide products and services with Saudi Arabian Oil Company. Nike fourth quarter net income grew 14% to $594 mn. Shire completes acquisition of Advanced BioHealing Inc.

[R]11:25 AM New York – ICE mobile is now available for Android devices and mobile trading. ITT Corp. signed seven-year strategic partnership agreement to provide products and services with Saudi Arabian Oil Company. Nike fourth quarter net income grew 14% to $594 million. Shire completes acquisition of Advanced BioHealing, Inc.[/R]

Of 30 the stocks in the Dow, 24 increased and 3 decreased and 3 unchanged.

Of the stocks in the Dow Jones Industrial Average, Caterpillar Inc led the gainers with a rise of 2.42% followed by increase in Exxon Mobil Corporation of 1.72%, in The Home Depot, Inc. of 1.70%, in E. I. du Pont de Nemours and Company of 1.57%, in Chevron Corporation of 1.38%.

JPMorgan Chase & Co. led the decliners with a fall of 1.15%, followed by decline in Bank of America Corporation of 0.60%, in Cisco Systems, Inc. of 0.33%.

Other Movers

IntercontinentalExchange, Inc. ((ICE)) increased 1.4% or $1.78 to $122.30.

ITT Corporation ((ITT)) advanced 1.1% or 68 cents to $57.32 after the engineering and manufacturing copmany and Saudi Arabian Oil Company signed comprehensive seven-year strategic partnership agreement for ITT to provide products and services to Saudi Arabian petrochemical projects.

Nike, Inc. ((NKE)) gained 7% or $5.76 to $87.38 after the sporting goods maker reported fourth quarter revenues increased 14% to $5.8 billion from $5.1 billion in the same quarter last year. Net income in the quarter grew 14% to $594 million or $1.24 per diluted share compared to $522 million or $1.06 per share a year ago.

Standard Microsystems Corporation ((SMSC)) increased 7% or $1.68 to $25.69 after the silicon based circuits and systems maker said first quarter revenues rose 7% to $103.5 million from $97.1 million in the same quarter last year. Net income in the quarter grew to $6.2 million or 26 cents per diluted share compared to $0.63 million or 3 cents per share a year earlier.

Shire plc ((SHPGY)) rose 0.6% or 59 cents to $91.79 after the UK based biopharmaceutical company completes acquisition of Advanced BioHealing, Inc. as first announced on May 17, 2011, and now has been completed.