Movers roundup: Netflix, Jo-Ann Stores

By Associated Press
May 29, 2008
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Among the stock activity stories for Thursday, May 29, from AP Financial News:

NEW YORK (AP) _ Netflix Inc.'s stock slipped Thursday as an analyst downgraded the online movie rental service provider, saying it may soon face increased competition from rival Blockbuster Inc.

NEW YORK (AP) _ Investors sent shares of Jo-Ann Stores Inc. surging in Thursday morning trading after the fabric and craft retailer swung to a fiscal first-quarter profit and beat Wall Street's expectations.

NEW YORK (AP) _ Shares of Sangamo Biosciences Inc. sank Thursday after an analyst said two trials of a key drug candidate are going to fail.

NEW YORK (AP) _ Shares of MasterCard Inc. hit an all-time high Thursday after the credit card processor reaffirmed its expectation for double-digit net revenue growth in 2008.
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