Bank of America, Demand Media, PMI, Newmont: U.S. Equity Movers

Shares of the following companies had unusual moves in U.S. trading. Stock symbols are in parentheses and prices are as of 4 p.m. in New York.

Gold producers rose after the metal climbed to a record for the third straight session as concern that the global economy is slowing spurred demand for gold as a protection of wealth.

Yamana Gold Inc. (YRI) gained 3.7 percent to $16.09. Barrick Gold Corp. (ABX) increased 2.5 percent to $52.05. Goldcorp Inc. (G) climbed 4.8 percent to $54.14. Eldorado Gold Corp. (EGO) added 4.2 percent to $20.20. Newmont Mining Corp. (NEM) rose 4.6 percent to $62.86.

Some refiners declined as Brent oil fell in London, narrowing its record premium to the main U.S. oil grade.

Marathon Petroleum Corp. (MPC US) fell the second-most in the Standard & Poor’s 500 Index, sliding 6.9 percent to $32.57. HollyFrontier Corp. (HFC US) retreated 5.8 percent to $62.91. CVR Energy Inc. (CVI) dropped 5.8 percent to $23.04. Western Refining Inc. (WNR) erased 4.1 percent to $14.84.

99 Cents Only Stores (NDN) rose 8.6 percent to $18, the highest price since Aug. 5. Apollo Global Management LLC is planning to make an offer for the discount-retail chain, the New York Post reported without citing where it got the information.

Bank of America Corp. (BAC) fell the most in the Dow Jones Industrial Average, losing 7.9 percent to $6.42. China Construction Bank Corp. said the U.S. lender will keep at least half its stake, spurring new debate on the American firm’s capital plans.

Demand Media Inc. (DMD US) rallied 8.6 percent, the most since Aug. 5, to $7.81. The Internet content provider announced a $25 million stock buyback program.

Hewlett-Packard Co. (HPQ) rose the most in the Dow, jumping 3.6 percent to $24.45. The computer maker’s purchase of software company Autonomy Corp. (AUTNF US) and a drop in its stock prices may make HP a takeover target for Oracle Corp. (ORCL) , the New York Post reported, citing unidentified people.

Goldman Sachs Group Inc. (GS) dropped 4.7 percent to $106.51, the lowest price since March 2009. Lloyd Blankfein, chief executive officer of the fifth-biggest U.S. bank by assets, hired defense lawyer Reid Weingarten, Reuters reported, citing a person in the government who wasn’t authorized to speak publicly.

PMI Group Inc. (PMI) fell the most in the Russell 2000 Index, losing 32 percent to 20 cents. The U.S. mortgage insurer that posted 16 straight quarterly losses said its regulator prohibited the company from selling new policies.

MGIC Investment Corp. (MTG) , the largest U.S. mortgage insurer, dropped 11 percent to $1.70 and No. 2 Radian Group Inc. (RDN) fell 8.9 percent to $2.06.

Travelzoo Inc. (TZOO) rose 5 percent to $34.17 for its first gain in six days. The Internet travel marketer said it intends to buy back as many as 500,000 shares.

Under Armour Inc. (UA) gained 6.1 percent to $55.99 for the second-biggest increase in the Russell 1000 Index. The maker of athletic apparel was lifted to “buy” from “hold” at Capstone Investments Inc.

To contact the reporter on this story: Nikolaj Gammeltoft in New York at ngammeltoft@bloomberg.net

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net

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