Among the stock activity stories for Monday, May 12, from AP Financial News:
NEW YORK (AP) _ Shares of Commercial Metals Co. rose Monday after a security analyst initiated coverage of the carbon steel maker with a "Buy" rating on the shares and suggested it would make an attractive takeover prospect.
NEW YORK (AP) _ Shares of Cumulus Media Inc. plunged Monday after the radio station owner said its planned buyout had fallen through, although a Wachovia Capital Markets analyst said she was not surprised by the announcement.
NEW YORK (AP) _ Shares of Research In Motion Ltd. rose to a new all-time high Monday as the smart-phone maker unveiled the Bold, which is its first major new BlackBerry model in more than a year.
NEW YORK (AP) _ Shares of Standard Pacific Corp. plummeted Monday after the homebuilder said its first-quarter loss widened on hefty impairment charges.
NEW YORK (AP) _ Shares of Capstone Turbine Corp. gained sharply on Monday after a Merriman Curhan Ford analyst started the company with a "Buy" rating, predicting widespread adoption of its low-emission microturbine technology.
NEW YORK (AP) _ Shares of ethanol producers climbed Monday after a security analyst dismissed recent talk that Congress may repeal or lessen current required use of the corn-based commodity.
NEW YORK (AP) _ Shares of Applied Industrial Technologies Inc. are rising Monday morning after an analyst boosted his rating, saying a recent stock sell-off is overdone and that the company will likely begin a buyback program soon.
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