Movers Roundup: State Street, American Apparel

Among the stock activity stories for Tuesday, May 19, from AP Financial News:

NEW YORK (AP) — Shares of State Street, a bank that specializes in serving institutional investors and wealthy customers, rose as two analysts upgraded their ratings on the bank.

NEW YORK (AP) — Shares of American Apparel sank after the company posted a first-quarter loss and an analyst downgraded the stock to "Hold."

NEW YORK (AP) — Shares of Itron Inc. soared after the U.S. Department of Energy boosted the size of grants available under a program aimed at developing a "smart" electric power grid nationwide.

NEW YORK (AP) — Shares of Principal Financial Group Inc. rose as two analysts upgraded their ratings on the financial services firm after it completed its second capital raise in recent weeks.

NEW YORK (AP) — Shares of Prospect Capital Corp. fell after the investment firm announced a public offering of 5 million common shares to raise capital.

NEW YORK (AP) — Shares of Invesco Ltd. fell after an analyst wrote that the asset manager's public offering of $400 million in common stock could indicate its cash flow is tight.