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Movers roundup: Fannie Mae, Freddie Mac, Palm

By Associated Press
May 15, 2008 | Comments (0)

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Among the stock activity stories for Thursday, May 15, from AP Financial News:

WASHINGTON (AP) _ Shares of Fannie Mae and Freddie Mac dipped, then recovered Thursday, as Senate lawmakers tried to reach a deal to give the government enhanced powers over the two mortgage finance companies.

NEW YORK (AP) _ A UBS Investment Research analyst downgraded shares of Treo smart-phone maker Palm Inc. to "Sell" from "Neutral" Thursday, saying he doesn't see reasons to increase his forecasts and noting a "challenging" competitive landscape.

NEW YORK (AP) _ Shares of Spartan Stores Inc. rose in Thursday trading, a day after the grocery store operator reported that an acquisition helped drive strong quarterly earnings.

NEW YORK (AP) _ Shares of marine and rail leasing company GATX Corp. rose Thursday after an analyst upgraded the stock, saying the company's management will steer the company to growth despite current economic uncertainty.

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