Movers roundup: CardioNet, La-Z-Boy
By
Associated Press
February 18, 2009
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Among the stock activity stories for Wednesday, Feb. 18, from AP Financial News:
NEW YORK (AP) _ Shares of wireless heart-monitoring device maker CardioNet Inc. jumped Wednesday after the company's fourth-quarter profit topped Wall Street forecasts.
CHICAGO (AP) _ Despite a worse-than-expected third-quarter loss, La-Z-Boy shares climbed Wednesday after the furniture retailer said it slashed its debt by 40 percent in the past year.
NEW YORK (AP) _ Shares of restaurant chain Jack in the Box Inc. dropped Wednesday after the company reported a 22 percent decline in its fiscal first-quarter profit because of high costs for food and packaging.
MILWAUKEE (AP) _ Shares of Smithfield Foods Inc. continued to fall on Wednesday after the company announced a restructuring for its pork business, and an analyst cut her price target for the company's stock.
HARTFORD, Conn. (AP) _ Shares of Gibraltar Industries Inc. rose Wednesday as an analyst upgraded the steel processor and building materials supplier, saying its share price now discounts the headwinds it faces.
NEW YORK (AP) _ Better-than-expected January casino revenue results and an extension on two casino licenses kept an analyst optimistic on Pinnacle Entertainment Inc. Wednesday.
NEW YORK (AP) _ Shares of Diamond Foods Inc. fell Wednesday after a BMO Capital Markets analyst downgraded the maker of nuts and snack foods, saying its stock has limited upside in the near term.
HARTFORD, Conn. (AP) _ Shares of Whirlpool Corp. fell Wednesday as an analyst said the appliance manufacturer is unrealistic in raising prices in the weakening economy.