Movers & Shakers

Thursday’s biggest gaining & declining stocks

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Bank of America, Eastman Kodak, J.M. Smucker, NetApp, Sears

Referenced Symbols

NEW YORK (MarketWatch) — Shares of the following companies were among those that made notable moves in Thursday’s U.S. stock market:

Advancers

Eastman Kodak Co. EK  shares rallied more than 13% a day after The Wall Street Journal reported the company had begun exploring a possible sale of digital-imaging patents.

Inflation on the rise

Decliners

Acme Packet Inc. APKT  slid more than 17% after Pacific Crest downgraded to sector perform from outperform shares of the technology provider. Read related story on the downgrade

Amarin Corp. AMRN, -2.47%  shares dropped 11% on worries following a rejection by the U.S. Patent & Trademark office of its patent application for its experimental drug to lower blood cholesterol levels. Read more about the rejection

Bank of America Corp.’s BAC, -3.53%   shares declined 6% with banks stocks under particular pressure amid global economic worries.

Cree Inc.’s CREE  shares declined 10% after the energy-efficient lighting maker late Wednesday said it purchased Ruud Lighting Inc. for about $525 million in cash and stock.

JDS Uniphase Corp. JDSU  fell 13% after the maker of optical-networking components late Wednesday issued a revenue outlook below expectations. Read details on JDSU’s quarterly results

J.M. Smucker Co.’s SJM, -0.20%  shares were off 7.3% after the maker of jams and other food products lowered its 2012 revenue outlook. Read more on J.M. Smucker

KB Home KBH, -2.07%  fell 11% after data showing a drop in the sale of previously owned homes in July. Other builders also fell. PulteGroup Inc. PHM, -1.77%   declined 12% and Toll Brothers Inc. TOL, -2.98%   fell 6.8%.

Monster Worldwide Inc. MWW   slid 10% after the government reported a rise in Americans filing for jobless benefits rose last week. Other employment-related companies were also hit, with Robert Half International Inc. RHI, +0.20%   off 5.6% and Manpower Inc. MAN, -0.84%   down 9%.

NetApp Inc.’s NTAP, +0.17%   shares fell 14% a day after the computer-network company reported first-quarter revenue short of forecasts. Read more on NetApp

Sears Holdings Corp. SHLD, -1.91%  dropped 8.2% after the retailer said losses widened in the second quarter. Read details on Sears’s quarterly loss

Stage Stores Inc. SSI, +0.72%  shares slumped 18% after the retailer reported second-quarter profit fell 3%. Read about Stage Stores’s weak profit

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About the Authors

Sue Chang

Sue Chang is a markets reporter based in San Francisco. She previously worked for Dow Jones Newswires in Asia and served as the agency's bureau chief in Seoul, South Korea. Follow Sue on Twitter at: @SueChangMW.