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Movers roundup: Electronic Arts, Pilgrims Pride

By Associated Press May 13, 2008 Comments (0)

0 Recommendations

Among the stock activity stories for Tuesday, May 13, from AP Financial News:

NEW YORK (AP) _ Shares of Electronic Arts Inc. declined Tuesday ahead of the video-game publisher's fourth-quarter earnings report, scheduled for after the market close.

PITTSBURG, Texas (AP) _ Pilgrims Pride Corp.'s stock dropped on Tuesday after the poultry company surprised investors with a public stock offering, although an analyst continued to recommend the shares.

NEW YORK (AP) _ Warner Music Group Corp.'s stock climbed Tuesday after a Goldman Sachs analyst boosted her price target, citing market share growth and industry stabilization.

NEW YORK (AP) _ Shares of Bally Technologies Inc. soared Tuesday after the casino equipment maker lifted the low end of its profit forecast range for fiscal 2008.

NEW YORK (AP) _ Shares of biotechnology company Medarex Inc. rose Tuesday after a Needham & Co. analyst raised his rating on shares to "Buy" from "Hold," based on the company's pipeline and developments expected throughout the year.

NEW YORK (AP) _ Shares of Hecla Mining Co. fell sharply on Monday after the silver producer posted a better first-quarter profit but still missed Wall Street estimates.

NEW YORK (AP) _ BearingPoint Inc. shares dropped Tuesday after the management and technology consultant lowered its expectations for 2008.

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