HEADLINE STOCKS-U.S. stocks on the move on May 27

(Updates to after the open, adds American Eagle,
CombinatoRx, Noah, Cogdell, Donaldson and Highwoods)

NEW YORK, May 27 (Reuters) - Some U.S. stocks on the move
on Wednesday:

GENERAL MOTORS CORP (GM.N)

The automaker is preparing to face the fallout from a
failed debt exchange that sends the largest U.S. automaker
closer to a bankruptcy filing expected by the end of the
month.

For details, see [ID:nN26513310]

Shares of the Dow component fell 13 percent to $1.25.

BANK OF AMERICA CORP (BAC.N)

Rochdale Securities analyst Richard Bove reduced his 2009
earnings estimate on the bank to 74 cents a share from $1.08 a
share, saying the company may perform poorly in the near-term
as it continues to sell shares.

Shares of the Dow component rose 2.7 percent to $11.28.

SANDISK (SNDK.O)

Samsung Electronics renewed its NAND flash memory chip
license with SanDisk for seven years. The renewal has a lower
royalty rate but a guarantee for a portion of Samsung's chips
output to SanDisk. [ID:nSEO225692]

Shares of SanDisk rose 15 percent to $15.63.

AUTOZONE INC (AZO.N)

The retailer reported third-quarter earnings that beat
expectations. [ID:nBNG340053]

Shares fell 3.4 percent to $157.30.

CHICO'S FAS INC (CHS.N)

The retailer reported an increase in its first-quarter
profit, helped by improving sales trends. [ID:nN27515827]

Shares rose 2.6 percent to $9.05.

CHARMING SHOPPES INC (CHRS.O)

The company reported its first-quarter results.
[ID:nWNAB3640]

Shares rose 3.1 percent to $3.66.

MONSANTO CO (MON.N)

The company said it was targeting the lower end of its
fiscal 2009 earnings outlook. [ID:nN27543248]

Shares fell 3.2 percent to $82.50.

AMERICAN EAGLE OUTFITTERS INC (AEO.N)

The apparel retailer reported adjusted first-quarter
earnings that beat expectations. [ID:nN27498568]

Shares fell 2.6 percent to $14.10.

STAPLES INC (SPLS.O)

The office supplies retailer reported adjusted
first-quarter earnings that beat expectations by 1 cents a
share. [ID:nN26494473]

Shares fell 2.3 percent to 19.92.

COMBINATORX INC (CRXX.O)

The company's anti-diabetic treatment met its primary goal
in a mid-stage trial. [ID:nBNG440650]

Shares gained 17 percent to 81 cents.

CREE INC (CREE.O)

The LED lighting company late Tuesday raised its
fourth-quarter revenue and profit outlook, citing stronger
orders for both lighting and laptop LED products.
[ID:nN26420226]

Shares rose 12 percent to $31.24.

BORDERS GROUP INC (BGP.N)

The book retailer late Tuesday reported an adjusted
quarterly loss that was narrower than expected.
[ID:nN26489362]

Shares rose 2 percent to $2.62.

NOAH EDUCATION HOLDINGS LTD (NED.N)

The ecuation company reported quarterly earnings that rose
from the prior year. [ID:nWNAB3472]

Shares rose 9.9 percent to $4.12.

COGDELL SPENCER INC (CSA.N)

The real estate investment trust priced a public offering
of 20 million shares at $3.50 a share. [ID:nWNAB3728]

Shares sank 15 percent to $3.66.

DONALDSON CO INC (DCI.N)

The air and liquid filtration maker cut its 2009 profit
outlook, citing persistent weakness in its end markets.
[ID:nBNG2831]

Shares fell 2.6 percent to $32.29.

HIGHWOODS PROPERTIES INC (HIW.N)

The company priced a public offering of 6.1 million shares
at $21.50 a share. [ID:nWNAB3676]

Shares fell 5 percent to $22.15.

(Reporting by Ryan Vlastelica, Editing by Chizu Nomiyama)