Movers Roundup: American Axle, Crocs
Among the stock activity stories for Friday, May 8, from AP Financial News:
NEW YORK (AP) American Axle's shares soared by nearly 200 percent after an analyst upgraded the auto parts supplier and called it a "survivor" that has impressed with its cost savings. NEW YORK (AP) Shares of Crocs Inc. dropped after the plastic-shoe maker said it expects second-quarter results below analyst expectations. PORTLAND, Ore. (AP) Shares of K-Swiss Inc. continued to fall following a weak first-quarter earnings report by the shoe and apparel company. NEW YORK (AP) Shares of Web site operator Bankrate Inc. rose after it reported a first-quarter profit, even though lower advertising revenue pushed the earnings lower than the previous year's quarter. DES MOINES, Iowa (AP) Shares of Genworth Financial Inc. gave ground the day after the insurer reported a first-quarter loss largely due to subprime mortgage impairments and investment losses.- Loading Comments...
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