By Elizabeth Stanton
Sept. 4 (Bloomberg) -- Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses and prices are as of 8 a.m. in New York.
Abercrombie & Fitch Co. (ANF US) fell 4.6 percent to $29.55 in pre-market trading. The teen clothing retailer was cut to “sell” from “hold” at Citigroup Inc., which said same-store sales will probably continue falling, hurting earnings.
Freddie Mac (FRE US) rose 6.4 percent to $1.99. The mortgage-finance company under U.S. government control said it was notified by the New York Stock Exchange that it has returned to compliance with the NYSE’s minimum share-price listing requirement.
Moody’s Corp. (MCO US): Warren Buffett’s Berkshire Hathaway Inc. cut its stake in the ratings firm by 2 percent, the second reduction in two months, amid profit declines and criticism of its reports on mortgage-backed securities.
Novellus Systems Inc. (NVLS US) rose 6.1 percent to $20.24. The maker of equipment that helps turn silicon wafers into computer chips said it may break even for the third-quarter and will lose no more than 9 cents a share, less than its previous estimate for a 15-cent per-share loss.
To contact the reporter on this story: Elizabeth Stanton in New York at estanton@bloomberg.net
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