Movers roundup: Physicians Formula, Power Medical

By Associated Press
September 12, 2008 | Comments (0)

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Among the stock activity stories for Friday, Sept. 12, from AP Financial News:

WASHINGTON (AP) _ Shares of Physicians Formula Holdings rose Friday after the company said it would buy back up to $10 million in shares.

LANGHORNE, Pa. (AP) _ Shares of Power Medical Interventions surged Friday after the company announced an agreement with Intuitive Surgical to codevelop a surgical stapling tool.

NEW YORK (AP) _ Shares of Chipotle Mexican Grill Inc. sank to a nearly two-year low Friday after the burrito chain said the weakening economy has led to declining sales and profit.

NEW YORK (AP) _ Shares of PharmaNet Development Group Inc. tumbled to their lowest level in more than five years Friday after the clinical development services company slashed its full-year forecast, citing a new spate of canceled contracts.

NEW YORK (AP) _ Shares of Ford Motor Co. and General Motors Corp. climbed on Friday as investors grew optimistic about the prospect of federal loans for Detroit's major automakers.

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Movers roundup: Physicians Formula, Power Medical

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