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Movers roundup: EW Scripps, Calpine

By Associated Press May 22, 2008 Comments (0)

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Among the stock activity stories for Thursday, May 22, from AP Financial News:

NEW YORK (AP) _ Shares of E.W. Scripps Co. hit a fresh 52-week high Thursday as a Lehman Brothers analyst upgraded the media company, citing its planned separation as well as its programming strategy for its Food Network and HGTV television channels.

NEW YORK (AP) _ Shares of power wholesaler Calpine Corp. jumped Thursday after NRG Energy Inc. offered to buy the company in a move analysts said could open up buyout chatter elsewhere in the sector.

NEW YORK (AP) _ Shares of Ross Stores Inc. rose on Thursday as an analyst said the operator of off-price retail stores is benefiting from the weak economic environment and upgraded the stock.

NEW YORK (AP) _ Shares of Intuitive Surgical Inc., which makes robotic surgical instruments, fell Thursday after a Cowen & Co. analyst said in a research note that revenue guidance the company offered at a conference is below Wall Street expectations.

NEW YORK (AP) _ Akamai Technologies Inc. shares fell Thursday after a Goldman Sachs analyst put the stock on his "Americas Investment Sell" list and lowered his price target, citing a recent share price increase and rising competition.

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