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Big Lots, Smith & Wesson, Sun, Take-Two: U.S. Equity Movers
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By Nikolaj Gammeltoft

Dec. 4 (Bloomberg) -- Shares of the following companies are having unusual moves in U.S. trading. Stock symbols are in parentheses, and prices are as of 9:35 a.m. in New York.

Bank of America Corp. (BAC US) added 0.4 percent to $15.83. The largest U.S. lender raised $19.3 billion selling securities at $15 each in the biggest sale of stock or preferred shares by a U.S. public company since at least 2000.

Big Lots Inc. (BIG US) jumped 15 percent to $27. The broadline closeout retailer reported profit excluding some items of 27 cents a share in the third quarter, beating the average analyst estimate of 44 percent, according to Bloomberg data.

Marvell Technology Group Ltd. (MRVL US) added 8.2 percent to $17.88. The maker of chips for computers and mobile phones reported earnings excluding some items of 35 cents a share for the third quarter, 34 percent more than the average analyst estimate in a Bloomberg survey.

Regency Centers Corp. (REG US) dropped lost 3.2 percent to $31.91. The Jacksonville, Florida-based real estate investment trust said it plans to sell 8 million shares. More stock may dilute the value of existing shares.

Smith & Wesson Holding Corp. (SWHC US) dropped 15 percent to $4.47. The gun maker forecast third-quarter sales of $95 million at most, trailing the average analyst estimate of $104.5 million, according to Bloomberg data.

Sun Microsystems Inc. (JAVA US) jumped 5.1 percent to $8.65. Oracle Corp. (ORCL US) wants to reconcile European Union antitrust regulators to his company’s planned $7 billion purchase of Sun Microsystems by creating a separate entity for Sun’s MySQL open database software business, the New York Post reported, citing two unidentified people.

Take-Two Interactive Software Inc. (TTWO US) plunged 33 percent to $7.32. The maker of the “Grand Theft Auto” video games forecast a loss of at least 40 cents a share in the fiscal first quarter. That’s wider than the average 26-cent loss estimated by analysts in a Bloomberg survey.

Western Gas Partners LP (WES US) dropped 4.6 percent to $18.10. The natural-gas pipeline owner and processor sold 6 million common units at $18.20 each. More units may dilute the value of existing equity.

To contact the reporter on this story: Nikolaj Gammeltoft in New York at [e-mail]
Last Updated: December 4, 2009 09:35 EST