Movers roundup: Standard Pacific, WMS Industries
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 Standard Pacific Corp. continued to rise Wednesday, one day after the homebuilder said it received a more than $530 million equity investment. A UBS AG analyst called the infusion a "lifeline" for the company.
NEW YORK (AP) _ Shares of slot-machine and gaming supplier WMS Industries Inc. rose Wednesday after an analyst started coverage with a "Buy" rating, saying the company has the chance to take on more market share partly because of new offerings and expansion efforts.
ROCKVILLE, Md. (AP) _ Shares of biotechnology company Human Genome Sciences Inc. rose Wednesday as the company said it would begin a mid-stage trial of its experimental lupus treatment Lymphostat-B to treat multiple sclerosis and updated progress of its late-stage programs.
NEW YORK (AP) _ Shares of Shanda Interactive Entertainment Ltd. tumbled in morning trading Wednesday after the China-based online gaming company said its first-quarter profit fell sharply.