Movers roundup: Bed Bath & Beyond, F5 Networks

By Associated Press
April 8, 2009 | Comments (0)

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Among the stock activity stories for Wednesday, April 8, from AP Financial News:

CHICAGO (AP) _ Shares of Bed Bath & Beyond Inc. soared to an eight-month high in Wednesday trading, a day after the home decor chain posted better-than-expected sales and profits prompting at least one analyst to upgrade the retailer's stock.

PHILADELPHIA (AP) _ Shares of F5 Networks Inc. climbed on Wednesday, after the company disclosed that second-quarter earnings would be higher than expected as cost cuts and a share buyback boosted profits despite a slowdown in sales.

NEW YORK (AP) _ Shares of the Internet technology services company Computer Sciences Corp. slipped Wednesday after a Citi Investment Research analyst initiated coverage of the stock with a "Sell" rating.

NEW YORK (AP) _ Shares of King Pharmaceuticals Inc. rose Wednesday after a Goldman Sachs analyst put the stock on a recommended list, saying King's pain drug Embeda could be approved for sale very soon.

DES MOINES, Iowa (AP) _ Shares of Raymond James Financial Inc. fell Wednesday as an analyst downgraded the stock and lowered profit estimates.

DES MOINES, Iowa (AP) _ Shares of investment manager Waddell & Reed Financial Inc. fell Wednesday after the company's strong recent stock performance led to a downgrade based on valuation.

NEW YORK (AP) _ Shares of bad-debt collector Portfolio Recovery Associates Inc. jumped nearly 8 percent in thin trading Wednesday after an analyst upgraded the stock to "Buy" from "Neutral," saying he expected the company to report solid operating profit later this month.

MILWAUKEE (AP) _ Shares of wine and spirits maker Constellation Brands Inc. fell on Wednesday after the company announced it narrowed its fourth-quarter loss but still failed to meet analyst expectations.

HARTFORD, Conn. (AP) _ Shares of Alcoa Inc. advanced Wednesday as two analysts said the aluminum manufacturer is making progress cutting costs even as it reported a first-quarter loss due to the weak economy and falling prices and demand.

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