Among the stock activity stories for Monday, July 7, from AP Financial News:
NEW YORK (AP) _ Shares of drug developer APP Pharmaceuticals Inc. soared Monday after German health care company Fresenius SE offered a cash buyout of $3.7 billion, or $23 per share.
NEW YORK (AP) _ Shares of SunTrust Banks Inc. and Washington Federal Inc. hit 52-week lows Monday after a Friedman, Billings, Ramsey & Co. analyst warned the banks are at risk of significant losses in their residential construction loan portfolios.
NEW YORK (AP) _ Shares of Flowserve Corp. rose Monday after a BMO Capital Markets analyst lifted his rating on the pump, valve and seal manufacturer, saying shares are cheaply priced after a recent sell-off.
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