Movers Roundup: GM, International Game Technology
Among the stock activity stories for Wednesday, May 6, from AP Financial News:
DETROIT (AP) — Shares of General Motors Corp. tumbled after the automaker said it is planning a 1-for-100 reverse stock split. NEW YORK (AP) — Improving gaming trends and new management led a Goldman Sachs analyst to add International Game Technology to his Conviction Buy list. NEW YORK (AP) — Shares of Denny's Corp. slid as an analyst downgraded the restaurant chain on its stock price. DES MOINES, Iowa (AP) — Shares of Lincoln National Corp. surged, a day after the company reported a hefty first-quarter loss from a $600 million goodwill write-down in its annuity business. WASHINGTON (AP) — Federal-Mogul shares sank after the auto supplier warned of more potential job cuts and a Wall Street analyst removed the company from its list of stocks to buy.- Loading Comments...
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