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Movers roundup: IHOP, Obagi

By Associated Press
May 20, 2008 | Comments (0)

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Among the stock activity stories for Tuesday, May 20, from AP Financial News:

NEW YORK (AP) _ Shares of pancake chain IHOP Corp., which also owns Applebee's, rose Tuesday after the restaurant operator said it signed a deal to sell and lease back 187 company-owned real estate parcels.

NEW YORK (AP) _ Shares of Obagi Medical Products Inc. are rising after an analyst placed a "Buy" rating on the stock, saying new products will help the skin-care products maker post stronger profit growth.

NEW YORK (AP) _ Shares of Nucor Corp. fell Tuesday after the big U.S. steel maker said it would issue up to 28.75 million shares of stock and take on more debt.

NEW YORK (AP) _ Shares of Consolidated Water Co. jumped Tuesday morning after a drop in recent sessions, due in part to disappointing earnings, led an analyst to boost her rating.

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