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Cheniere Energy Partners, Dendreon: U.S. Equity Movers

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Feb. 27 (Bloomberg) -- Shares of the following companies are having unusual moves in U.S. trading. Stock symbols are in parentheses and prices are as of 10:10 a.m. in New York.

Cheniere Energy Partners LP (CQP US) rose 4.9 percent to $21.92 after reaching $22.22 earlier, the highest intraday price since March 3. The Houston-based company said Blackstone Group LP agreed to invest $2 billion toward construction of a $5 billion natural-gas export terminal. Cheniere will use the proceeds to fund the Sabine Pass liquefaction project and the purchase of the Creole Trail pipeline from Cheniere Energy Inc. (LNG US), the company said in a statement. Cheniere Energy Inc. jumped 11 percent to $15.64.

Dendreon Corp. (DNDN US) slumped 18 percent to $12.15 after plunging 21 percent earlier, the most intraday since Nov. 3. The maker of the prostate-cancer drug Provenge said its January orders were weaker than in previous quarters.

Lowe’s Cos. (LOW US) gained 2.9 percent to $27.94 and climbed 3.3 percent earlier, the most intraday since Jan. 4. The second-largest U.S. home-improvement chain reported fourth-quarter earnings of 29 cents a share, excluding some items, beating the average analyst estimate of 23 cents.

Medco Health Solutions Inc. (MHS US) rose 5.9 percent to $67.93 after reaching $68.16 earlier, a record intraday price. Express Scripts Inc.’s (ESRX US) acquisition of the pharmacy-benefits manager is likely to close by the end of first half without “material” issues from the Federal Trade Commission, Jefferies Group Inc. said in a note. Express Scripts gained 4.3 percent to $54.64.

Micron Technology Inc. (MU US) rallied 6.2 percent, the most in the Standard & Poor’s 500 Index, to $8.44. Rival Elpida Memory Inc., the last Japanese maker of computer-memory chips, filed for the nation’s biggest bankruptcy in two years after semiconductor prices plunged and it failed to win a second government bailout.

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

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