Movers roundup: Johnson Controls, Nvidia
By
Associated Press
March 9, 2009
|
Among the stock activity stories for Monday, March 9, from AP Financial News:
DETROIT (AP) _ Shares of automotive supplier Johnson Controls Inc. rose nearly 4 percent Monday after an analyst reiterated his "Hold" rating on the company, stating that the company should reconsider its dividend strategy.
NEW YORK (AP) _ Shares of Nvidia Corp. inched higher Monday amid investor hopes that orders, mainly from China, are slowly rebounding for the graphics chip maker.
HARTFORD, Conn. (AP) _ Shares of Foster Wheeler AG jumped Monday as three analysts said the announcement of its largest ever project _ the construction of a refinery _ will likely swell the engineering and construction firm's backlog.
NEW YORK (AP) _ Shares of drug developer Human Genome Sciences Inc. were nearly cut in half Monday as Wall Street expressed disappointment over the company's latest study results for the developing hepatitis C drug Albuferon.
NEW YORK (AP) _ Shares of International Game Technology dropped Monday as a Goldman Sachs analyst downgraded the company, partly on market share loss and refinancing concerns.
NEW YORK (AP) _ AnnTaylor Stores Inc. shares fell for the second-consecutive trading day Monday after the women's apparel retailer reported weak fourth-quarter results and said it would close more stores than originally planned.
NEW YORK (AP) _ Shares of Collective Brands Inc. rose on Monday, a day before the shoe maker reports its fourth-quarter results.