Among the stock activity stories for Monday, April 28, from AP Financial News:
NEW YORK (AP) _ Shares of memory-chip maker STEC Inc. soared Monday after a number of analysts commented on the possibility of major contracts for the company's solid-state drives, a technology that seeks to replace conventional spinning computer drives.
NEW YORK (AP) _ National City Corp. shares jumped Monday after an analyst upgraded the stock, saying a $7 billion investment in the bank last week will allow it to scrub its balance sheet of bad debt faster.
NEW YORK (AP) _ Shares of Atheros Communications Inc. are down ahead of the chip maker's first-quarter earnings report, scheduled for after the closing bell.
NEW YORK (AP) _ Chartered Semiconductor Manufacturing Ltd. fell Monday after Citigroup analyst Horng Han Low recommended investors sell the stock on its high share price.
NEW YORK (AP) _ Shares of Horizon Lines Inc. hit a new 52-week low Monday, as investors continued to steer away from the shipping and logistics company after it cut its outlook for the year.
NEW YORK (AP) _ Shares of Alberto-Culver Co. tumbled Monday after the beauty-care products maker reported better-than-expected earnings in the second quarter, but the company's top-line missed Wall Street expectations.
NEW YORK (AP) _ Shares of Celgene Corp. edged higher Monday afternoon, as a Banc of America Securities analyst raised her outlook for sales of the biopharmaceutical company's cancer drug, Revlimid.
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