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BJ’s, Carnival, Clearwire, Molycorp, Raven: U.S. Equity Movers

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March 22 (Bloomberg) -- 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.

American Capital Agency Corp. (AGNC US) slumped 2.8 percent to $28.29, the lowest price since Oct. 26. The Bethesda, Maryland-based real estate investment trust said it plans to sell 27 million shares.

American Tower Corp. (AMT US) rose 4.5 percent to $48.72. The U.S. operator of mobile phone towers, which leases antenna space to both T-Mobile USA and AT&T Inc., was the subject of a bullish valuation call at Goldman Sachs Group Inc.

BJ’s Wholesale Club Inc. (BJ US) rose 5 percent, the most since Feb. 3, to $48.84. Shareholder Leonard Green & Partners said it’s examining an offer for the U.S. membership warehouse chain, reviving its overtures after BJ’s began looking for suitors.

Carnival Corp. (CCL US) declined 4.5 percent to $39.16 for the third-biggest retreat in the S&P 500. The world’s biggest cruise-line operator forecast second-quarter profit of as little as 20 cents a share, below the 33 cents a-share average analyst estimate in a Bloomberg survey.

Chimera Investment Corp. (CIM US) declined 4.2 percent, the most since Nov. 3, to $4.10. The mortgage-debt investor run by Annaly Capital Management Inc. said it will cut its quarterly dividend to 14 cents a share from 17 cents a share, versus an estimated 16 cents a share, according to a Bloomberg forecast.

Convergys Corp. (CVG US) rose 3.7 percent, the most since Jan. 18, to $14.53. The operator of customer-service call centers was boosted to “outperform” from “neutral” by Macquarie Group Ltd. analyst Kevin McVeigh.

Clearwire Corp. (CLWR US) climbed 6.5 percent to $5.39 for the biggest gain since March 10. The fourth-generation wireless service provider may reach an agreement with Sprint Nextel Corp. in weeks on wholesale pricing, a Sprint executive told the Wall Street Journal.

Dollar General Corp. (DG US) advanced 1.5 percent to $30.84, the highest price intraday since Dec. 3. The discount retailer forecast full-year profit that topped the average analyst estimate.

Express Inc. (EXPR US) rallied 5.9 percent, the most since Dec. 21, to $18.42. The apparel retailer reported fourth-quarter earnings of 55 cents a share, excluding some items, beating the average analyst estimate by 13 percent, Bloomberg data show.

Harvest Natural Resources Inc. (HNR US) climbed 15 percent, the most since Sept. 27, to $16.02. The Houston-based oil and natural-gas producer with operations in Venezuela and Utah said it agreed with an affiliate of Newfield Exploration Company to sell all of the company’s oil and gas assets in Utah’s Uinta Basin for $215 million in cash.

Hot Topic Inc. (HOTT US) climbed 2.4 percent to $5.28 for its biggest gain since March 9. The teen retailer said Chief Executive Officer Betsy McLaughlin resigned and will be replaced by board member Lisa Harper, who previously served as CEO of Gymboree Corp. (GYMB US).

Molycorp Inc. (MCP US) surged 18 percent, the most since Dec. 6, to $52.57. The owner of the world’s largest rare-earth deposit outside China rose as mineral prices increased and concern about the impact of Japan’s earthquake abated. Chief Executive Officer Mark Smith said yesterday that rare earth prices were “significantly higher” than anticipated.

Netflix Inc. (NFLX US) jumped 4 percent to $221.39, the third-biggest gain in the Standard & Poor’s 500 Index. The mail-order and online movie-rental service was raised to “outperform” from ‘neutral” by Credit Suisse Group AG. Analyst John Blackledge lifted his target price for the company to $280 a share from $180.

Raven Industries Inc. (RAVN US) rose 2. 4 percent to $57.90, the highest price since at least July 1980. The maker of equipment for agricultural sprayers said it will increase its quarterly dividend to 18 cents a share from 16 cents a share, matching a Bloomberg forecast.

Shutterfly Inc. (SFLY US) climbed 3.7 percent, the most since Feb. 4, to $44.61. The Internet-based photo storage and printing company agreed to acquire Tiny Prints Inc. for $141 million in cash and about 3.9 million shares of Shutterfly common stock.

St. Jude Medical Inc. (STJ US) climbed 6.1 percent to $51.41, the biggest gain in the Standard & Poor’s 500 Index. JPMorgan Chase & Co. raised its target price for the maker of medical devices to $57 a share from $52.

Towerstream Corp. (TWER US) slid 10 percent, the most since July 2009, to $3.82. The wireless broadband Internet service provider was downgraded to “sell” from “hold” at Morgan Joseph & Co.

Walgreen Co. (WAG US) slid 6.6 percent to $39.21 for the biggest retreat in the S&P 500. The largest U.S. drugstore chain said gross margin, or the percentage of sales left after the cost of goods sold, was little changed at 28.8 percent in the second quarter. Barclays Plc and Citigroup Inc. had estimated gross margin would widen.

To contact the reporter on this story: Inyoung Hwang in New York at ihwang7@bloomberg.net

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