By Whitney Kisling and Elizabeth Campbell
Nov. 20 (Bloomberg) -- The following companies may have unusual price changes in U.S. trading today. Stock symbols are in parentheses, and share prices are as of 7:45 a.m. in New York, unless otherwise specified.
Citigroup Inc. (C US) gained 3.9 percent to $6.65. Saudi billionaire Prince Alwaleed bin Talal plans to increase his stake in the company back to 5 percent, saying the shares are ``dramatically undervalued,'' after the fourth-largest bank by market value lost 23 percent yesterday.
Cyberonics Inc. (CYBX US): The maker of a nerve-stimulating device to treat epilepsy boosted its sales forecast, saying it expects revenue of as much as $140 million in fiscal 2009. The stock dropped 8 percent to $10.10 in regular trading yesterday.
General Electric Co. (GE US) rose 0.6 percent to $14.53. The 106-year-old economic bellwether that's lost 61 percent of its value this year is seeking funds from China Investment Corp., Government of Singapore Investment Corp. and at least two other sovereign-wealth funds. The power company has cut its 2008 profit target twice and raised an additional $3 billion in last month's sale of preferred shares to investor Warren Buffett.
Gymboree Corp. (GYMB US) rose 6.1 percent to $17.49 in trading after the official close of exchanges yesterday. The children's-clothing maker said it earned $1.06 a share in the third quarter. That beat the average estimate of $1.03 from analysts in a Bloomberg survey.
Intuit Inc. (INTU US) gained 1 percent to $20.75 in trading after the official close of exchanges yesterday. The world's biggest maker of tax-preparation software posted a loss, excluding some items of 9 cents a share, less than the 10-cent loss a year earlier, and better than the average analyst estimate of 12 cents.
Limited Brands Inc. (LTD US) fell 3 cents to $7.55 in trading after the official close of exchanges yesterday. The owner of Victoria's Secret shops and the Bath & Body Works chain said its full-year forecast would be lower than it originally projected as cash-strapped consumers buy less lingerie, pajamas and lotion.
PetSmart Inc. (PETM US) rose 11 percent to $14.80 in trading after the official close of exchanges yesterday. The largest U.S. pet-store chain reported third-quarter profit of 28 cents a share. That's 2 cents higher than the average analyst's estimate, according to a Bloomberg survey.
Royal Bank of Scotland Group Plc American depositary receipts (RBS US) jumped 17 percent to $14.26. The U.K. bank waiting to take up the country's biggest bailout may receive backing from investors on its plan to raise 20 billion pounds. Shareholders are scheduled to vote at a meeting today on whether to approve a plan to sell 15 billion pounds of common stock to existing investors underwritten by the U.K.
Suntech Power Holdings Co. ADRs (STP US) fell 18 percent to $7.30. China's largest maker of solar-power modules posted third- quarter profit of 33 cents a share, missing the average analyst estimate of 42 cents. It also forecast fourth-quarter revenue below estimates. Slower economic growth may force the company to limit further expansion or push prices down faster than planned, analysts said.
VeriFone Holdings Inc. (PAY US) fell 14 percent to $5.30. The largest maker of electronic-payment equipment said fourth- quarter profit, before some items, was 18 cents to 20 cents a share, missing its previous forecast of 33 to 36 cents a share. The share were lowered to ``neutral'' from ``overweight'' at JPMorgan Chase & Co.
To contact the reporters on this story: Whitney Kisling in New York at wkisling@bloomberg.net; Elizabeth Campbell in New York at ecampbell11@bloomberg.net
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