Movers Roundup: PetSmart, Yum Brands

Among the stock activity stories for Tuesday, Aug. 11, from AP Financial News:

NEW YORK (AP) — An analyst downgraded pet supplies retailer PetSmart Inc., saying investments will take longer than expected to produce results.

NEW YORK (AP) — Shares of Yum Brands Inc. tumbled as an analyst downgraded KFC's parent company on its soft U.S. sales.

NEW YORK (AP) — Shares of billboard operator Clear Channel Outdoor Holdings Inc. fell more than 10 percent after it reported a second-quarter loss that was worse than analysts forecast.

NEW YORK (AP) — Shares of energy company Rosetta Resources Inc. climbed 2 percent after analysts upgraded the stock and estimated the company had boosted the value of its natural gas assets.

NEW YORK (AP) — Shares of Brightpoint Inc. got a boost after an upgrade from a Citi Investment Research analyst upgraded the cell phone distributor and said it should benefit from a cyclical recovery in the handset market.

NEW YORK (AP) — A JPMorgan analyst said Wyndham Worldwide Corp. is still one of his top picks, given its solid balance sheet, free cash flow improvements and stock price.

NEW YORK (AP) — Shares of Petroleum Development Corp. plunged more than 18 percent after the company announced a public offering of 3.8 million shares.