Movers roundup: Synutra, Sirius XM Radio

By Associated Press
September 16, 2008 | Comments (0)

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Among the stock activity stories for Tuesday, Sept. 16, from AP Financial News:

NEW YORK (AP) _ Shares of Chinese infant formula maker Synutra International Inc. plunged to a new year low Tuesday, as a rival company was investigated after an industrial chemical was discovered in its milk powder.

Shares of Sirius XM Radio Inc. fell sharply Tuesday as the worsening credit crunch cast doubt on the satellite radio company's ability to refinance debt.

NEW YORK (AP) _ Shares of PHH Corp. continued their decline Tuesday as the financial sector meltdown weighed on the mortgage originator.

NEW YORK (AP) _ Shares of Vail Resorts Inc. dropped Tuesday as a Wachovia Capital Markets analyst downgraded the ski resort operator, anticipating a cautious forecast for fiscal 2009.

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