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Movers Roundup: Joy Global, Capital One

Among the stock activity stories for Wednesday, Sept. 2, from AP Financial News:

HARTFORD, Conn. (AP) ¿ Shares of Joy Global Inc. fell as nervous investors reacted to an announcement by the mining equipment manufacturer that it will strip out more than $600 million in orders to better account for bookings, an analyst said.

CHARLOTTE, N.C. (AP) ¿ Capital One Financial Corp. was upgraded by a Sterne Agee analyst based on positive momentum in the company's stock price.

NEW YORK (AP) ¿ MAP Pharmaceuticals Inc. plans to share additional data from testing of its migraine drug candidate Levadex next week, and a Wedbush Morgan analyst said the results could boost MAP's share price.

NEW YORK (AP) ¿ Shares of tanker operator DHT Maritime Inc. plunged more than 20 percent after it reported that its second-quarter profit fell more than 51 percent to $5 million as sales slid. The company also said it would not pay a second-quarter dividend.

WASHINGTON (AP) ¿ Shares of Raser Technologies Inc. sank after the energy technology company disclosed a government agency denied its loan application for a future Thermo project.

NEW YORK (AP) ¿ Shares of Rackspace Hosting Inc. jumped after Credit Suisse began coverage of the stock with an "Outperform" rating.

PHILADELPHIA (AP) ¿ Shares of CA Inc. fell almost 7 percent after disclosing that it's on the hook for $14 million in severance costs for its chief executive, who will retire by year's end when his employment contract runs out.
Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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