As Wall Street indexes struggled to head to a "leap year close" to end the month higher than January, some stocks were in worse shape, while others achieved stellar gains.
RISERS
Federal-Mogul (NASDAQ:FDML) shares raced 46% higher to $7.25 after news activist investor Carl Icahn's investment company Icahn Enterprises offered to buy the 18 percent of the auto parts maker it does not already own for about $213mln.
Consol Energy (NYSE:CNX) shares rose by 10% to $8.64 after the coal and natural gas producer said it agreed to sell its Buchanan Mine and some other coal assets for about $420mln in a deal expected to close within a month. The company said it would suspend its quarterly dividend after the sale closes.
Berkshire Hathaway (NYSE:BRK.A) shares gained 2.4% to $203,000 after Warren Buffett's investment vehicle beat forecasts when it said operating profit in the fourth-quarter rose 18% to $4.67bn, or $2,843 a share. Meanwhile, revenue rose 7% to $51.82bn.
AMC Entertainment (NYSE:AMC) shares rose by 2% to $23.78 after teh cinema operator reported a 10.1% rise yoy in fourth-quarter total revenue to $783.9mln. Admissions revenues rose by 8.4% to $498.7mln. Food and beverage revenues climbed 12.5% to $242.3mln - representing a record per head of $4.75.
FALLERS
Lumber Liquidators (NYSE:LL) shares shed 5.8% to $10.47 after the company reported a larger-than-expected decline in quarterly sales of 17.2%. Net sales also missed expectations with a drop of 13.7% to $234.8mln, producing a third successive quarterly decline in fiscal 2015.
United Technologies (NYSE:UTX) shares dropped by 0.6% to $97.08 after the company rejected on Friday Honeywell's $90.7bn offer, saying pursuing a merger would be "irresponsible" towards its shareholders. Honeywell (NYSE:HON) shares were down even more, by 0.9% at $102.08.
Citigroup (NYSE:C) shares dropped 0.4% to $39.33 after the financial behemoth said it plans to sell its 20% stake in Chinese regional lender China Guangfa Bank for about $3bln equivalent. Citigroup also said in an annual filing with regulators on Friday it had received questions from U.S. federal authorities about banking relationships and transactions at its Citibank unit by certain individuals involved with alleged corruption and money laundering connected with soccer governing body FIFA.