HEADLINE STOCKS-U.S. stocks on the move on June 1

(Updates to after the open, adds Sara Lee, Monsanto,
Abercrombie, Bristol-Myers/Elan, Cisco and Travelers)

NEW YORK, June 1 (Reuters) - Some U.S. stocks on the move
on Monday:

GENERAL MOTORS CORP (GM.N)

The automaker filed for bankruptcy on Monday, forcing the
iconic company into an era of government ownership.
[ID:nN01398575]

Shares of the Dow component fell 32 percent to 51 cents.

CISCO SYSTEMS INC (CSCO.O)

TRAVELERS CO (TRV.N)

Shares of the companies rose after they were added to the
Dow Jones industrial average, replacing General Motors and
Citigroup Inc (C.N). The changes are effective at the opening
of trading on June 8. [ID:nN01457519]

Cisco gained 3.1 percent to $19.09 while Travelers was up
2.4 percent to $41.59.

PRUDENTIAL FINANCIAL INC (PRU.N)

The company said it would offer $1.25 billion of its common
stock, after turning down Federal aid from the U.S. Treasury's
Capital Purchase Plan. It intends to use the net proceeds from
the offering for general corporate purposes. [ID:nBNG444955]

Shares fell 2.3 percent to $38.98.

ELAN CORP (ELN.N)

BRISTOL-MYERS SQUIBB CO (BMY.N)

Shares of Elan rose 9.6 percent to $7.64 after it said it
was in advanced talks to sell a minority stake to Bristol. A
source said an agreement on the sale could come as early as
this week. [ID:nL1422876]

Bristol shares rose 0.6 percent to $20.04.

MERCK & CO (MRK.N)

ASTRAZENECA (AZN.N) (AZN.L)

The companies will test two early-stage cancer drugs
together after preclinical evidence suggested that combining
the two targeted therapies could make them more effective.
[ID:nL1397283]

Shares of Merck, a Dow component, rose 0.6 percent to
$27.75 while AstraZeneca ADRs rose 1.4 percent to $42.30.

GOLDMAN SACHS GROUP (GS.N)

The company on Monday was selling as much as $1.9 billion
worth of shares in Industrial and Commercial Bank of China at a
discount of 4 percent to 6 percent below its Monday closing
price, according to a term sheet. [ID:nHKG187228]

Shares rose 0.1 percent to $144.74.

YAHOO INC (YHOO.O)

Barclays upgraded the Internet company to overweight from
equal weight, saying it was well positioned to benefit from a
rebound in branded advertising spending. [ID:nBNG442130]

Shares were up 2 percent to $16.16.

SARA LEE CORP (SLE.N)

Goldman Sachs downgraded the food company to sell, writing
that Sara Lee was not likely to post a significant margin
recovery in fiscal year 2010. [ID:nBNG143799]

Shares rose 0.6 percent to $9.03.

ABERCROMBIE & FITCH CO (ANF.N)

Friedman Billings Ramsey upgraded the apparel company to
outperform, saying recent clearance activity with compelling
discounts was leading to increased store traffic and sales.
[ID:nBNG486321]

Shares rose 3.9 percent to $31.28.

PLAYBOY ENTERPRISES INC (PLA.N)

The media company may offer Scott Flanders, the president
of Freedom Communications, its vacant CEO post, according to a
report in the Wall Street Journal. [ID:nBNG353276]

Shares fell 2.4 percent to $3.25.

J.M. SMUCKER CO (SJM.N)

Barron's wrote that the company may be undervalued because
of its predictable cash flow and the strength of such popular
brands as Jif, Hungry Jack and Crisco. [ID:nN31405648]

Shares rose 1.6 percent to $40.89.

MONSANTO CO (MON.N)

Barron's wrote that a recent decline in the seed company's
shares was overdone. [ID:nN31402703]

Shares rose 1.4 percent to $83.24.

WMS INDUSTRIES (WMS.N)

Barron's wrote that shares of the gambling equipment maker
could fall, arguing that they were perfectly priced and that
any disappointment could knock them down 10 to 30 percent.
[ID:nN31350204]

Shares fell 0.5 percent to $35.29.

STRAYER EDUCATION INC (STRA.O)

Barron's wrote that investors might want to cover their
short positions in the company, after an analyst picked the
education firm as his top investment pick. [ID:nN31411257]

Shares rose 2 percent to $187.92.

VARIAN MEDICAL SYSTEMS INC (VAR.N)

Barron's wrote that the company's stock could rise 25
percent, arguing that it had a security and inspection unit
that had growth potential. [ID:nN31389690]

Shares rose 2.9 percent to $36.79.

HURCO COS INC (HURC.O)

The industrial technology company on Friday posted a
surprise second-quarter loss and revenue that was down 65
percent for the quarter. [ID:nWNAB4787]

Shares of the company fell 11 percent to $12.85.

TORREYPINES THERAPEUTICS INC TPTX.O

The company's board approved a plan to liquidate the
company's assets, after considering potential strategic
alternatives. [ID:nBNG444370]

Shares fell 55 percent to 14 cents.
(Reporting by Ryan Vlastelica; Editing by Padraic Cassidy)