BMC Software, MGM, Pier 1, QLogic, Raser, UAL, Wynn: U.S. Equity Movers

Shares of the following companies are having unusual moves in U.S. trading. Stock symbols are in parentheses and prices are as of 10:05 a.m. in New York unless noted otherwise.

Retailers were active after reporting March same-store sales.

Gap Inc. (GPS US) gained 4.2 percent to $24.86 after March sales rose 11 percent, about three times the estimate by Retail Metrics. Ross Stores Inc. (ROST US) rose 3.8 percent to $56.20 after March sales topped the estimate and it increased its second-quarter and full-year profit forecasts.

Target Corp. (TGT US) climbed 2.6 percent to $55.43 after exceeding estimates for March sales and saying first-quarter profit will top forecasts.

J.C. Penney Co. (JCP US) fell 3.9 percent to $31.51 and Abercrombie & Fitch Co. (ANF US) declined 2.9 percent to $46.14 after March sales fell short of estimates.

Apogee Enterprises Inc. (APOG US) dropped 10 percent to $14.85, after slumping as much as 16 percent, the most intraday since April 2009. The maker of glass products reported fourth- quarter profit that missed analysts’ estimates and said sales in fiscal 2011 will decline as much as 15 percent.

Bed Bath & Beyond Inc. (BBBY US) rose 2.6 percent to $45.82. The home-furnishings retailer reported fourth-quarter earnings per share of 86 cents, beating the average analyst estimate of 73 cents in a Bloomberg survey.

Compellent Technologies Inc. (CML US) fell 24 percent to $13.37 for the biggest drop in Russell 2000 Index. The storage area network producer cut its forecast for first-quarter revenue to between $31.5 million and $32 million, down from a previous range of $35 million to $37 million. Thomas Weisel Partners LLC lowered its share-price forecast to $22 from $25.

Dolan Media Co. (DM US) rose 5.8 percent to $10.97, after climbing as much as 7.2 percent, the most intraday since Jan. 5. Standard & Poor’s said the business-information company will replace NewMarket Corp. (NEU US) in the S&P SmallCap 600 Index. NewMarket will take 3Com Corp.’s (COMS US) place in the S&P MidCap 400 Index. 3Com is being purchased by Hewlett-Packard Co.

EBay Inc. (EBAY US) fell 2.3 percent to $26.24, after sinking as much as 2.6 percent, the most intraday since March 3. Kaufman Bros. downgraded the online marketplace to “hold” from “buy.”

Forest Laboratories Inc. (FRX US) fell the most in the Standard & Poor’s 500 Index, slumping 11 percent to $28.98. The drugmaker failed to win a U.S. panel’s backing to sell a new treatment for flare-ups of a common lung ailment.

Hot Topic Inc. (HOTT US) rose 13 percent to $7.95, after advancing as much as 18 percent, the most intraday since November 2008. The clothing retailer said it will pay a one-time cash dividend of $1 a share and its board authorized a 7 cent per-share regular quarterly dividend.

Houston American Energy (HUSA US) rose 7.9 percent to $15.66, after jumping as much as 11 percent, the most intraday since March 17. The energy company said an Internet posting that it is on the verge of collapse was “unwarranted and outrageous.” Houston American responded in a PRNewswire statement to an item on the Seeking Alpha website after its shares fell 29 percent. The company also said it isn’t a party to any litigation.

Keycorp (KEY US) had the second-biggest retreat in the S&P 500, sliding 4.6 percent to $8.13. Ohio’s second-largest lender was cut to “underperform” from “neutral” by Robert W Baird & Co.

Navistar International Corp. (NAV US) rose 2.9 percent to $48.40, after increasing to $48.96 earlier, the highest intraday price since October 2008. The maker of commercial and military vehicles raised its earnings forecast for the year ending Oct. 31 to a range of $2.75 to $3.25 per share. The average analyst estimate in a Bloomberg survey was $2.50.

ScanSource Inc. (SCSC US) sank 11 percent to $27.02, after dropping as much as 12 percent, the most intraday since April 2009. The maker of bar-code scanners said sales in the fiscal third quarter were $505 million at most, trailing the average analyst estimate of $546.3 million in a Bloomberg survey.

Standard Microsystems Co. (SMSC US) rose 8.9 percent to $26.31, after gaining to $26.74 earlier, the highest intraday price since September 2008. The semiconductor maker boosted its first-quarter forecast for earnings excluding some items to between 23 cents and 28 cents a share. Analysts in a Bloomberg survey estimated 18 cents.

US Airways Group Inc. (LCC US) rose 13 percent to $7.69, after rallying as much as 15 percent, the most intraday since Sept. 17. The airline is in talks about a merger with rival UAL Corp. (UAUA US), the parent of United Airlines, according to people familiar with the matter. UAL added 8.2 percent to $20.51.

WD-40 Co. (WDFC US) rose 3.8 percent to $34.75, after climbing to $35.33 earlier, the highest intraday price since October 2008. The maker of lubricants and handsoap reported earnings per share excluding some items of 64 cents, beating the average analyst estimate in a Bloomberg survey by 72 percent.

Zep Inc. (ZEP US) dropped 15 percent to $19.81, after slumping as much as 16 percent, the most intraday since April 2009. The maker of specialty chemical products reported second- quarter earnings that trailed analysts’ estimates.

To contact the reporter on this story: Lu Wang in New York at lwang8@bloomberg.net

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