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Movers roundup: Incyte, Cyberonics

By Associated Press
June 12, 2008 | Comments (0)

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Among the stock activity stories for Thursday, June 12, from AP Financial News:

NEW YORK (AP) _ Shares of Incyte Corp. surged Thursday after the drug developer said its experimental rheumatoid arthritis drug proved safe and quickly prompted patient responses in a small, midstage study.

NEW YORK (AP) _ Shares of medical device maker Cyberonics Inc. jumped to their highest point in more than a year Thursday after the company said it swung to a fourth-quarter profit and forecast higher sales in fiscal 2009.

NEW YORK (AP) _ Shares of Jones Apparel Group Inc. rose on Thursday, after the apparel maker said it formed a joint venture to develop the Rachel Roy Fashion Brand.

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