HEADLINE STOCKS-Some U.S. stocks on the move on Feb. 20

(Updates to after the open)
NEW YORK, Feb 20 (Reuters) - Some U.S. stocks on the move
on Friday:

CITIGROUP
BANK OF AMERICA
Shares of the two banks plunged in premarket as traders
fears that they would be nationalized. [nN20255005]
Citigroup shares plunged 19.9 percent to $2.01 while Bank
of America was down 13.7 percent to $3.39.

LOWE'S COS
The home improvement retailer reported a sharp drop in
fourth-quarter profits, and a drop of 9.9 percent in same-store
sales. [nN19536764]
The stock tumbled 3.2 percent to $16.44.

TESORO CORP
The petroleum refining company reported adjusted
fourth-quarter earnings that beat expectations, through revenue
fell steeply and was below consensus. [nN19539281]
The stock dropped 12.4 percent to $14.19.

ACTUANT CORP
The stock slid 4.2 percent to $14.01 after it said it would
be taking further cost reduction actions during the balance of
the year. It also gave an earnings outlook that was below
expectations for both the current quarter and the full year.
[nWNAB5102]

TRW AUTOMOTIVE HOLDINGS
The manufacturer of automotive safety equipment swung to a
loss in its fourth quarter and forecast a decline of at least
25 percent in 2009 revenue. It also said it would step up its
restructuring, making moves that include job cuts and facility
closures. [nN19537642]
The stock surged 9.7 percent to $2.61.

PRUDENTIAL FINANCIAL
AMERICAN INTERNATIONAL GROUP
Prudential is looking to buy two Japanese life insurance
firms put up for sale by AIG, according to people familiar with
the matter, who said the deal was set to close next week.
Prudential, along with Canada's Manulife Financial, is
expected to place final bids for the firms next week. The final
prices could be $1.1 billion to $1.2 billion, one of the
sources said. [nT243631]
Shares of Prudential fell 4.5 percent to $18.17 while AIG
shares slid 6.8 percent to 55 cents.

CV THERAPEUTICS
The biotech company on Friday rejected a buyout offer from
Astellas Pharma, saying the proposal undervalued the company
and its growth potential. It said it would remain "receptive to
opportunities to further enhance shareholder value."
In January, Astellas offered to buy the company for $16 a
share, or about $1 billion. [nBNG435146]
Shares of CV rose 1.3 percent to $15.19.

RED ROBIN GOURMET BURGERS INC
The casual dining restaurant chain posted
better-than-expected fourth-quarter results helped by a rise in
restaurant-level operating profit. [ID: nBNG66994]
Shares of the company rose 15 percent to $15.17.

CAREER EDUCATION CORP
The operator of for-profit colleges and trade schools,
posted better-than-expected quarterly profit, helped by higher
operating margin.
Shares of the company rose 13 percent to $22.16.

VCA ANTECH INC
Animal healthcare company VCA Antech Inc posted a
better-than-expected quarterly profit, helped by higher animal
hospital revenue that was boosted by acquisitions.
[nBNG443223]
Shares of the company advanced 8.7 percent to $22.35.

WRIGHT MEDICAL GROUP INC
The orthopedic medical device maker's quarterly sales rose
16 percent but it cut its 2009 view for the second time in
three months, taking investors by surprise. [nBNG444247]
Shares of the company fell 15.5 percent to $17.86.

VOLCOM INC
Surfing-inspired apparel maker Volcom Inc posted
lower-than-expected quarterly earnings, as costs increased, and
also forecast first-quarter earnings below analyst estimates.
[ID: nBNG431977]
Shares of the company fell 6.5 percent to $8.
(Reporting by Ryan Vlastelica; Editing by James Dalgleish)
((ryan.vlastelica@thomsonreuters.com; Tel: +1 646-223-6014;
Reuters Messaging: ryan.vlastelica@reuters.com@reuters.net))
Keywords: MARKETS STOCKS HEADLINES

Keywords: MARKETS STOCKS HEADLINES

Keywords: MARKETS STOCKS HEADLINES

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