Among the stock activity stories for Thursday, May 15, from AP Financial News:
NEW YORK (AP) _ Shares of chip maker Stec Inc. soared Thursday after the company met with analysts to discuss its solid state drive technology, a relatively new competitor to conventional hard disk computer drives.
NEW YORK (AP) _ Shares of Stanley Inc., which provides systems integration and professional services for the federal government, climbed Thursday after the company's fiscal fourth-quarter results exceeded Wall Street's expectations.
NEW YORK (AP) _ Sotheby's stock rose Thursday on solid results from its contemporary art auction Wednesday, which included works by Andy Warhol, Damien Hirst and Jeff Koons.
NEW YORK (AP) _ Shares of orthopedics manufacturer Stryker Corp. fell Thursday after the company indicated that fewer hip surfacing procedures would be conducted this year than it previously forecast.
NEW YORK (AP) _ Steak n Shake Co. shares sank Thursday after the restaurant operator posted worse-than-expected second-quarter results, and analysts speculated that the economic downturn would further pressure the company and hamper its turnaround bid.