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.
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