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Movers Roundup: Adobe, Cytec

The Associated Press

Among the stock activity stories for Monday, May 4, from AP Financial News:

NEW YORK (AP) — Shares of Adobe Systems Inc. slumped Monday after two analysts downgraded the software maker, saying its shares are trading at a fair value.

NEW YORK (AP) — Shares of Cytec Industries Inc. jumped Monday after an analyst boosted his rating on the specialty chemicals maker, citing its ability to rebound given its diverse product line.

PITTSBURGH (AP) — Shares of AK Steel Holding Corp. jumped Monday, days after the steelmaker announced a $10-per-ton surcharge on electrical steel products shipped in June 2009.