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Major Movers on February 21; BRY, LINE, AWAY, PAY, PEGA

Shares of Berry Petroleum Company (NYSE: BRY), an independent energy company engaged in production, development, exploitation and acquisition of oil and natural gas, are seeing a huge rally in trading today after the company agreed to be acquired by Linn Energy LLC (NASDAQ: LINE) in all stock transaction valued at $4.3 billion.

BRY shares rose to an intra-day high of $47.01 in trading today. At last check, the stock was trading 16.87% higher at $45.10 on above average volume of 7.62 million. LINE shares, meanwhile, have also edged higher in trading today. The stock rose to an intra-day high of $38.14 earlier today before paring some of the gains. At last check, it was trading 1.80% higher at $37.31 on above average volume of 3.04 million.

Shares of HomeAway Inc. (NASDAQ:AWAY), an online marketplace for the vacation rental industry, are soaring in trading today after the company reported its financial results for the fourth quarter.

For the fourth quarter ended December 31, 2012, HomeAway reported total revenue of $71.6 million, representing an increase of 22.4% over the same period in the previous year. The company’s listing revenue for the quarter rose 22.8% to $62.4 million. Adjusted EBITDA for the quarter was $21.3 million, up 27.6% over the same period in the previous year.

Brian Sharples, CEO of HomeAway, said that 2012 was a year of significant accomplishment for the company. Sharples said that for the year, the company delivered 22% revenue growth and a 32% increase in free cash flow.

HomeAway shares rose to a 52-week high of $28.74 earlier today. At last check, the stock was trading 9.74% higher at $27.48 on above average volume of 2.69 million.

Shares of VeriFone Systems Inc. (NYSE: PAY), a company engaged in the secure electronic payment solutions, have plunged in trading today after the company gave a weak earnings outlook. After market close on Wednesday, the San Jose, California-based company said that it expects adjusted earnings for the first quarter to be between $0.47 per share and $0.50 per share, which is significantly below the consensus forecast of $0.73 per share. For the second quarter, the company expects earnings to be between $0.45 per share and $0.50 per share, compared to Street estimates of $0.80 per share.

PAY shares fell to a 52-week low of $19.06 earlier today. At last check, the stock was trading 39.89% lower at $19.17 on above average volume of 25.04 million.

Shares of Pegasystems Inc. (NASDAQ: PEGA), a developer and marketer of software that enables organizations to build, deploy and change enterprise applications, are rallying in trading today after the company reported its fourth-quarter financial results.

For the fourth quarter of 2012, PEGA reported non-GAAP net income of $0.65 per share, beating consensus forecast of $0.33 per share. For the full year 2013, the company expects non-GAAP earnings to be at $1.20 per share, which is well above the Street estimates of $0.90 per share.

PEGA shares rose to an intra-day high of $30.35 earlier today. At last check, the stock was trading 11.05% higher at $28.13 on above average volume of 1.04 million.


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