Movers roundup: GameStop, Urban Outfitters

By Associated Press
September 2, 2008 | Comments (0)

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Among the stock activity stories for Tuesday, Sept. 2, from AP Financial News:

WASHINGTON (AP) _ GameStop Corp. shares rose more than 3 percent Tuesday after the video game retailer said it is splitting the chairman and CEO functions in order to meet the challenges of fast growth and rapid overseas expansion into 16 countries.

NEW YORK (AP) _ Shares of Urban Outfitters Inc. reached an all-time high on Tuesday, as an analyst said the teen apparel retailer will likely outperform peers in the third quarter.

NEW YORK (AP) _ Shares of Sciele Pharma Inc. rocketed to their highest level in six years Tuesday after Sciele accepted a buyout offer from Japanese drug maker Shionogi and Co. at a hefty premium.

NEW YORK (AP) _ Shares of regional bank BB&T Corp. rose on Tuesday amid a rally in financial stocks on Wall Street sparked by falling oil prices.

CHICAGO (AP) _ Shares of office supplier Staples Inc. climbed Tuesday ahead of the company's second-quarter earnings report Wednesday, and as shares of fellow retailers gained on sharp decline in oil prices.

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Movers roundup: GameStop, Urban Outfitters

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