Bloomberg News

Netspend Holdings, Pozen, Sprint, Take-Two: U.S. Equity Movers

November 25, 2011

Nov. 25 (Bloomberg) -- Shares of the following companies are having unusual moves in U.S. trading. Stock symbols are in parentheses and prices are as of 9:40 a.m. in New York.

Netspend Holdings Inc. (NTSP US) rose 1.2 percent to $5.71. The Austin, Texas-based provider of reloadable prepaid debit cards said it plans a $25 million share repurchase program.

Pozen Inc. (POZN US) surged 45 to $3.63. The pharmaceutical company said it sold some royalties arising from sales of MT 400, including Treximet, for $75 million to CPPIB Credit Investments.

Sprint Nextel Corp. (S US) advanced 2.8 percent to $2.54. The third-largest U.S. wireless operator’s rival AT&T Inc. (T US) withdrew its Federal Communications Commission application to buy T-Mobile USA Inc., putting the focus on litigation with U.S. antitrust authorities seeking to block the $39 billion deal.

Take-Two Interactive Software Inc. (TTWO US) rose 1.3 percent to $13.44. Glenview Capital Management reported a 6.9 percent passive stake in the producer of the “Grand Theft Auto” video games.

--With assistance from Nikolaj Gammeltoft in New York. Editor: Stephen Kleege

To contact the reporter on this story: Kaitlyn Kiernan in New York at kkiernan2@bloomberg.net

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net.


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