Movers roundup: Pier 1 Imports, Ambac Financial

By Associated Press
September 3, 2008 | Comments (0)

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Among the stock activity stories for Wednesday, Sept. 3, from AP Financial News:

CHICAGO (AP) _ Shares of Pier 1 Imports Inc. tumbled Wednesday after the specialty home retailer said its same-store sales for the second quarter fell 1.7 percent.

NEW YORK (AP) _ Shares of Ambac Financial Group Inc. surged Wednesday, a day after the bond insurer said its plans for a new insurance subsidiary had been approved by Wisconsin insurance regulators.

WASHINGTON (AP) _ Shares of Kenexa Corp. sank nearly 4 percent Wednesday after an analyst downgraded the stock predicting that sales of the company's recruiting and retention software are likely to slow.

NEW YORK (AP) _ Shares of VF Corp. rose on Wednesday, after an analyst said the apparel maker has strong brands and operations and upgraded the stock.

NEW YORK (AP) _ Shares of First Horizon National Corp. fell Wednesday after the regional bank warned that losses from bad debt could exceed the company's previous forecast.

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Movers roundup: Pier 1 Imports, Ambac Financial

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