Movers roundup: Medarex, Harris
By
Associated Press
June 2, 2008
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Among the stock activity stories for Monday, June 2, from AP Financial News:
NEW YORK (AP) _ Shares of biotechnology company Medarex Inc. fell Monday after analysts expressed concerns over the company's late-stage melanoma drug candidate ipilimumab.
NEW YORK (AP) _ Shares of Harris Corp. plummeted Monday after the communications and information technology company said it does not plan to be sold or merge with another company.
NEW YORK (AP) _ Shares of Mueller Water Products Inc. fell with the broader market Monday, following a negative Commerce Department reading on construction spending.
NEW YORK (AP) _ Shares of NBTY Inc. jumped Monday after an RBC Capital Markets analyst said the acquisition of Leiner Health Products Inc. could boost the nutritional supplement maker's profits.
NEW YORK (AP) _ Shares of Ctrip.com International Ltd. fell Monday after a Susquehanna Financial Group analyst said a lack of available hotel rooms in Beijing during the August Olympic Games could hurt the Chinese online travel company.
NEW YORK (AP) _ Shares of Quiksilver Inc. ticked higher on Monday, as an analyst predicted the outdoor apparel and equipment maker will report strong revenue when it releases its second-quarter earnings on Thursday.