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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