Movers roundup: Williams-Sonoma, Fannie, Freddie
By
Associated Press
August 28, 2008
|
Among the stock activity stories for Thursday, Aug. 28, from AP Financial News:
NEW YORK (AP) _ Shares of Williams-Sonoma Inc. fell 8 percent on Thursday after the retailer slashed its 2008 profit forecast below Wall Street expectations following a decline in its quarterly results.
WASHINGTON (AP) _ Shares of Fannie Mae and Freddie Mac climbed for a fourth straight day Thursday, after Fannie shook up its executive ranks and analysts cast doubt on the idea that a government-engineered bailout of the mortgage finance giants is imminent.
NEW YORK (AP) _ Shares of brokerage firm TD Ameritrade Holding Corp. edged higher Thursday afternoon after an analyst raised his price target on the stock because of its growing cash base and "healthy" cash flow.
NEW YORK (AP) _ Shares of Pharmacopeia Inc. fell Thursday as Oppenheimer & Co. slashed its price target on the biotechnology company, saying it will likely face a long road focusing its drug development efforts on a kidney disease condition caused by diabetes.