Orlando, FL 5/17/12 (StreetBeat) – Below are some of the stocks making significant moves in Thursday’s U.S. trading:
Sears Holdings Corp. shares (Nasdaq: SHLD +9.83%) jumped more than 12%. The company swung to a profit for the first quarter ended April 28 on a boost from shedding some real estate, part of slimming-down process that the retailer signaled Thursday it intends to continue as it revealed plans to trim its ownership stake in Sears Canada.
Boyd Gaming Corp. shares (NYSE: BYD +5.73%) were up 6.7%. Late Wednesday, the company revealed plans to buy Peninsula Gaming LLC in a $1.45 billion deal that will expanding its reach in the Midwest and South. Boyd said the deal to acquire the privately held casino operator is expected to close by the end of this year.
U.S.-listed shares of Pansoft Co. Ltd. (Nasdaq: PSOF +23.27%) rallied 23% after the China-based software provider for the oil and gas industry said it agreed to be taken private at a cash price of $4.15 a share. The buyer is Timesway Group Ltd., controlled by Chairman Hugh Wang and CEO Guoqiang Lin.
Dollar Tree Inc. shares (Nasdaq: DLTR -4.55%) fell 4%. The deep discounter posted results for the first quarter than came in better than expected but cautioned on second-quarter results.
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