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Aeropostale, Kellogg, Strayer Education: U.S. Equity Movers

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Nov. 3 (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.

Abercrombie & Fitch Co. (ANF US) fell 20 percent, the most in the Standard & Poor’s 500 Index, to $59.26. The New Albany, Ohio-based teen-clothing retailer reported a slowing trend for same-store sales in Europe, including flagship stores that had declines. Japan and Canada same-store sales also dropped.

Alpha Natural Resources Inc. (ANR US) rallied 13 percent, the most since May 2009, to $27.11. The coal producer posted third-quarter profit that beat analysts’ estimates after mining costs in the eastern U.S. were lower than forecast.

Aeropostale Inc. (ARO US) rallied 19 percent, the most since October 2002, to $17.08. The New York-based teen retailer forecast earnings in the third quarter will be at least 27 cents a share, higher than an earlier prediction of no more than 15 cents and the average analyst projection of 12 cents.

American Eagle Outfitters Inc. (AEO US) rose 6.6 percent to $14.03, the highest price since July 21. The Pittsburgh-based retailer narrowed its third-quarter earnings forecast to between 26 cents a share and 27 cents, from between 22 cents and 27 cents, exceeding the average analyst estimate by at least 3 cents.

Career Education Co. (CECO US) slumped 11 percent to $7.37, the lowest price since November 2000. The operator of the Le Cordon Bleu North America cooking schools was cut to “hold” from “buy” at Wunderlich Securities Inc. and to “underperform” from “outperform” at William Blair & Co. The company announced on Nov. 1 that Chief Executive Officer Gary McCullough resigned.

CoreLogic Inc. (CLGX US) advanced 14 percent, the most since Aug. 30, to $14.08. The seller of property and credit data said that, excluding some items, it expects to earn at least 75 cents a share this year. Analysts, on average, estimated 60 cents.

Dendreon Corp. (DNDN US) plunged 37 percent, the most in the Russell 1000 Index, to $6.55. The maker of the prostate-cancer drug Provenge said it expects “modest” fourth-quarter sales of the therapy. The Seattle-based company was cut to “neutral” from “buy” at Goldman Sachs Group Inc., which said monetizing the Provenge opportunity will take longer than expected.

DexCom Inc. (DXCM US) dropped 20 percent, the most since November 2010 to $7.87. The medical device developer reported a third-quarter adjusted loss of 20 cents a share, wider than the 16-cent loss estimated by analysts on average.

DirecTV (DTV US) rose 6.2 percent, the most since November 2009, to $47.63. The largest U.S. satellite-television provider reported a 7.7 percent increase in third-quarter profit after a football promotion helped it gain U.S. subscribers.

Estee Lauder Cos. (EL US) jumped 18 percent, the most in the S&P 500, to $118.92. The maker of Clinique and Bobbi Brown makeup lines said it plans a 2-for-1 split of its stock. The New York-based company also said it will increase its annual dividend by 40 percent to $1.05 a share.

Kellogg Co. (K US) fell 7.6 percent, the most since November 2008, to $49.91. The maker of Corn Flakes cereal and Keebler Cookies cut its full-year earnings forecast to $3.33 a share at most. Analysts’ projected $3.48.

Lamar Advertising Co. (LAMR US) gained 24 percent, the most since its August 1996 initial public offering, to $26.07. The U.S. billboard owner predicted fourth-quarter sales of $284 million, higher than the $281.1 million estimate by analysts in a Bloomberg survey.

Medivation Inc. (MDVN US) surged 140 percent to $39.75 for the biggest increase in the Russell 2000 Index. The company that acquires early development drugs reported its prostate cancer medicine prove so effective that it halted a clinical trial and gave the medicine to all participants.

MEMC Electronic Materials Inc. (WFR US) fell 12 percent, the most since Aug. 4, to $5.10. The maker of silicon wafers cut its earnings forecast for the full year amid falling prices and an oversupply of materials used in solar panels.

RealD Inc. (RLD US) erased 21 percent, the most since it went public in July 2010, to $8.85. The supplier of 3-D estimates and said during a conference call that Samsung Electronics Co. won’t introduce 3-D televisions using its technology next year as planned.

Qualcomm Inc. (QCOM US) advanced 7.5 percent, the most since July 2010, to $56.11. The biggest maker of mobile-phone chips forecast higher fiscal 2012 sales than analysts predicted, adding to evidence of robust demand for smartphones.

Qiagen NV (QGEN US) gained 6.2 percent, the most since February 2009, to $13.80. The Dutch maker of tools to predict disease and isolate DNA forecast faster sales growth in the second half of 2011 and in 2012.

Strayer Education Inc. (STRA US) rallied 15 percent, the most since June 2, to $90.84. The for-profit college forecast fourth-quarter earnings higher than the average analyst estimate after third-quarter earnings surpassed projections.

Tesla Motors Inc. (TSLA US) rose 13 percent, the most since March 31, to $32.46. The U.S. electric-car maker had a smaller loss in the third quarter than analysts estimated and said it has a new tentative agreement to supply batteries and motors for an electric Mercedes-Benz model.

Transocean Ltd. (RIG US) lost 12 percent, the most since December 2008, to $49. The world’s largest offshore driller posted its largest third-quarter loss in at least a decade after costs associated with its $1.4 billion acquisition of Aker Drilling ASA wiped out the benefits of rising rental rates for the company’s drilling rigs.

WebMD Health Corp. (WBMD US) declined 7.7 percent, the most since July 18, to $31.15. The medical-information company forecast fourth-quarter revenue to be no more than $157 million, missing the average analyst estimate of $170.8 million. The New York-based company was cut to “hold” from “buy” at Stifel Nicolaus & Co.

To contact the reporters 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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