Movers roundup: AIG, Convergys

By Associated Press
July 28, 2008 | Comments (0)

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Among the stock activity stories for Monday, July 28, from AP Financial News:

CHARLOTTE, N.C. (AP) _ Shares of American International Group Inc. fell sharply Monday, as its fellow industry players continued to weather what's turning out to be a tumultuous second quarter.

NEW YORK (AP) _ The stock of Convergys Corp. rose in Monday trading after an investment firm known for taking an active hand in affairs announced that it had bought a 9.9 percent stake in the provider of business outsourcing services.

Shares of Coventry Health Care Inc. and Health Net Inc. rose Monday after a UBS analyst upgraded the managed-care providers' stock from a "Neutral" rating to "Buy."

NEW YORK (AP) _ Shares of Melco Crown Entertainment Ltd., a developer and owner of casinos and resorts in Macau, fell Monday after a Credit Suisse analyst downgraded the stock to "Neutral" from "Outperform," saying its second-quarter earnings likely would be hurt by an unusually low win percentage.

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Movers roundup: AIG, Convergys

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