Movers roundup: Saks, Smith & Wesson

By Associated Press
September 5, 2008 | Comments (0)

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Among the stock activity stories for Friday, Sept. 5, from AP Financial News:

NEW YORK (AP) _ Shares of Saks Inc., which operates Saks Fifth Avenue stores, fell Friday amid a report that an Icelandic investor is no longer pursuing an acquisition of the luxury retailer this year.

NEW YORK (AP) _ Smith & Wesson Holding Corp. shares dropped Friday after the gun maker posted a big drop in its fiscal first-quarter profit and an analyst warned of near-term struggles as retailers wait for inventory to clear and demand to climb.

NEW YORK (AP) _ Shares of Pike Electric Corp. tumbled Friday after the power services contractor said one of its key segments will not turn around until next year, and issued fiscal year guidance that missed Wall Street expectations.

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