Movers roundup: Sina, Skilled Healthcare
By
Associated Press
June 10, 2009
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Among the stock activity stories for Wednesday, June 10, from AP Financial News:
NEW YORK (AP) _ Sina Corp. shares fell Wednesday after the Chinese Internet portal operator reported decreased first-quarter earnings and lower-than-expected revenue, due to a drop in advertising revenue stemming from the weak economy.
NEW YORK (AP) _ Shares of Skilled Healthcare Group Inc. fell to an all-time low Wednesday after the nursing facility operator said it will restate more than three years of results, and cut its annual profit forecast because of the restatement costs.
NEW YORK (AP) _ Shares of Oxford Industries Inc., the clothing maker behind brands such as Tommy Bahama and Ben Sherman, rose on Wednesday, after the company said first-quarter profit fell but beat analyst expectations.
NEW YORK (AP) _ Shares of California Pizza Kitchen rose after an MKM Partners analyst hiked his rating for the casual dining chain to "Buy" from "Neutral," suggesting that the company's restaurants could see improved sales in the remainder of the year.
NEW YORK (AP) _ Pall Corp. fell Wednesday after an analyst downgraded the stock of the water filtration-system maker on concerns about its end markets, weak prospects and a recent share price rally.