Movers roundup: Archer Daniels Midland, Medarex

By Associated Press
May 28, 2008
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Among the stock activity stories for Wednesday, May 28, from AP Financial News:

NEW YORK (AP) _ Shares of Archer Daniels Midland Co. fell Wednesday, a day after the company said it will sell 35 million equity units for a total of up to $2 billion.

NEW YORK (AP) _ Shares of Medarex Inc. continued their recovery Wednesday after an analyst said the company will not receive any more bad news for its melanoma drug candidates for the rest of the year.

NEW YORK (AP) _ Shares of Bally Technologies Inc. rose Wednesday after an analyst initiated coverage with a "Buy" rating, saying the casino equipment maker may take on additional market share and improve its margins.

NEW YORK (AP) _ Shares of American International Group Inc. Wednesday plunged to their lowest level in a decade after a Citi Investment Research analyst said the insurer's recent $20 billion capital raise is insufficient and that its financial position may worsen.
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