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Movers Roundup: Flowserve, AirMedia

Among the stock activity stories for Tuesday, Aug. 18, from AP Financial News:

NEW YORK (AP) ¿ Shares of Flowserve Corp. rose Tuesday after an analyst initiated coverage of the pump and valve maker with a "Buy" recommendation.

PHILADELPHIA (AP) ¿ Shares of AirMedia Group Inc., which runs digital ads at airports and on airplanes, fell Tuesday after saying that its third-quarter revenue growth will slow down.

NEW YORK (AP) ¿ Shares of FelCor Lodging Trust rose Tuesday after an analyst said the hotel operator could increase the value of the company by forfeiting several "underwater" properties to lenders.

PHILADELPHIA (AP) ¿ Shares of movie theater chain Carmike Cinemas Inc. rose Tuesday after an analyst upgraded the stock, citing an earnings boost from coming 3-D events.

PHILADELPHIA (AP) ¿ American Superconductor Corp. shares rose Tuesday after an analyst upgraded the stock, citing the growth of the global wind power market.
Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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