Movers roundup: Syniverse, Cache

Among the stock activity stories for Thursday, June 5, from AP Financial News:

NEW YORK (AP) _ Shares of Syniverse Holdings Inc., which provides wireless services to telecommunications companies, fell sharply Thursday after two of the company's major customers, Verizon Communications Inc. and Alltel Corp., announced plans to merge.

NEW YORK (AP) _ Shares of Cache Inc. surged Thursday after the women's clothing retailer said its May same-store sales rose 5 percent, well ahead of Wall Street estimates.

NEW YORK (AP) _ Ulta Salon, Cosmetics & Fragrance Inc.'s quarterly earnings mark a strong start to the year, a Wachovia analyst said Thursday, as shares of the specialty retailer jumped in afternoon trading.

NEW YORK (AP) _ Shares of beverage company Dr. Pepper Snapple Group Inc. jumped Thursday after the company said its first-quarter profit climbed 38 percent to beat investors' weak expectations.

NEW YORK (AP) _ Shares of Energy Conversion Devices surged to an all-time high on Thursday, as a Lehman Brothers analyst said he expects the company to be less affected than some by volatility in European solar markets.

NEW YORK (AP) _ Shares of VeriSign Inc., which runs some of the Internet's core systems, moved lower Thursday after an analyst downgraded the stock, citing its recent gains and predicting not enough new catalysts on the horizon to drive it up further.

NEW YORK (AP) _ Shares of Zoran Corp. rose Thursday after the maker of chips for video devices said it would buy a Paris-based fabless semiconductor company.

NEW YORK (AP) _ Shares of Trex Co. soared Thursday after an analyst upgraded the decking and roofing products maker to "Buy," predicting a recent turnaround effort will yield higher returns.