Movers roundup: Pepsi Bottling, AtheroGenics

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

NEW YORK (AP) _ Shares of Pepsi Bottling Group Inc. surged Tuesday after a Morgan Stanley analyst upgraded the stock based on higher prices and moderating commodity costs.

INDIANAPOLIS (AP) _ Shares of AtheroGenics Inc. sank 42 percent to sell at 38 cents Tuesday after the drug developer said it would default on payment for 2008 convertible notes due Sept. 2,and it would miss interest payments.

NEW YORK (AP) _ Shares of tire makers Goodyear Tire & Rubber Co. and Cooper Tire & Rubber Co. both posted big gains Tuesday after news that Hurricane Gustav had largely spared the Gulf Coast and its oil facilities sent the price of crude down.

NEW YORK (AP) _ Shares of Wachovia Corp. shot up Tuesday, as financial stocks rallied on falling oil prices following reports that the Gulf Coast and its oil facilities have avoided massive damage from Hurricane Gustav.