Stocks on the Move: Citigroup, FedEx, LDK Solar

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Goldman Sachs Group Inc. (GS) fell 1.7 percent to $162.27. Meredith Whitney Advisory Group projects the New York- based bank will earn $19.57 a share in 2009, $19.65 in 2010 and $20.60 in 2011. Those estimates were reduced from $19.95, $21.73 and $24.04, respectively.

Morgan Stanley (MS) lost 2.4 percent to $29.60. Meredith Whitney cut its earnings projection for 2010 to $2.60 a share from $2.63, while the 2011 forecast was reduced to $2.75 from $3.28.

Harley-Davidson Inc. (HOG) fell 5 percent to $25.55 after dropping as much as 7 percent, the most intraday since Oct. 15. The biggest U.S. motorcycle maker was added to Goldman Sachs Group Inc.'s "conviction sell" list as the brokerage cited "near-term downside on retail sales" in a report to clients. The bank has a six-month price estimate of $23 on the shares.

LDK Solar Co. (LDK) dropped 11 percent to $8.16 after sinking as much as 13 percent, the most intraday since Nov. 2. The Chinese manufacturer of polysilicon wafer said it will sell 18.9 million shares and use $120 million it expects to pay down short-term debt.

Lincoln National Corp. (LNC) had the second-biggest advance in the S&P 500, adding 3.9 percent to $24. The insurer was raised to "overweight" from "equal weight" by Morgan Stanley, which said the company is generating "very solid new business."

MetroPCS Communications Inc. (PCS) fell 6.4 percent to $7.20 and declined 7 percent earlier, the most intraday since Nov. 5. The pay-as-you-go mobile-phone was rated "sell" in new coverage by analysts at Deutsche Bank AG, who said the Dallas- based company is the "most challenged" U.S. wireless carrier because of increased prepaid competition and the weak economy.

Leap Wireless International Inc. (LEAP), MetroPCS's smaller rival that was rated "hold" in new coverage by Deutsche Bank, slid 5.2 percent to $16.53.

Pier 1 Imports Inc. (PIR) added 3.9 percent to $5.18 and rose earlier to $5.55, the highest intraday price since September 2008. The U.S. retailer of imported furniture reported third-quarter profit excluding some items of 2 cents a share, beating the 5 cent average loss estimate by analysts in a Bloomberg survey.

Rite Aid Corp. (RAD) rose the most in the Russell 1000 Index, climbing 12 percent to $1.49. The third-largest U.S. drugstore chain posted a third-quarter loss excluding some items of 6 cents a share, 65 percent narrower than the average analyst estimate, according to Bloomberg data.

Valence Technology Inc. (VLNC) rallied 18 percent to $1.09 and jumped as much as 29 percent, the most intraday since March 10. The maker of rechargeable lithium polymer batteries said it will ship $1.4 million of its U-Charge systems over the next two quarters to Smith Electric Vehicles U.S. for use in electric trucks.

To contact the reporter on this story: Nikolaj Gammeltoft in New York at .

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