Movers roundup: Global Payments, Akamai
By
Associated Press
April 3, 2009
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Among the stock activity stories for Friday, April 3, from AP Financial News:
NEW YORK (AP) _ Global Payments Inc. shares slumped Friday after the provider of electronic transaction services reported a fiscal third-quarter loss.
NEW YORK (AP) _ Akamai Technologies Inc. shares fell Friday after a Citi Investment Research analyst downgraded the Web traffic-management services provider's stock to "Hold" from "Buy," saying the stock is nearing his $22 price target.
NEW YORK (AP) _ Shares of Gilead Sciences Inc. rose 4 percent by midday Friday after the company said its high blood pressure drug candidate met key goals in a late stage clinical trial.
NEW YORK (AP) _ IntercontinentalExchange Inc. shares jumped on Friday after a Goldman Sachs Group Inc. analyst added the exchange operator to his list of preferred stocks.
NEW YORK (AP) _ Shares of Och-Ziff Capital Management Group LLC rose Friday after a Jefferies analyst noted the strong performance of the alternative asset manager's funds so far this year.
NEW YORK (AP) _ Penn National Gaming Inc. will likely be able to take advantage of some of the new and potential gambling markets, an analyst said Friday, as rivals are not as well capitalized.