Among the stock activity stories for Monday, April 14, from AP Financial News:
NEW YORK (AP) _ Shares of Blockbuster Inc. plunged Monday after it announced a $1 billion-plus hostile takeover bid for No. 2 electronics retailer Circuit City Inc., earning it a downgrade from a BMO Capital Markets analyst.
NEW YORK (AP) _ Shares of student lender Nelnet Inc. fell Monday after a Friedman, Billings, Ramsey & Co. analyst chopped his estimates to reflect the loss on a recent loan sale.
NEW YORK (AP) _ Shares of American Apparel Inc. tumbled Monday after an article in The Wall Street Journal focused on the clothing retailer's growing pains, but one analyst said the article fails to take into account its growing cachet.
NEW YORK (AP) _ Chemed stock is trading at an annual low after a Deutsche Bank analyst pared his profit estimates for the company, saying its Roto-Rooter plumbing unit is doing less business due to the slowing U.S. economy.
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