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Movers Roundup: Amphenol, Genzyme

Among the stock activity stories for Tuesday, Sept. 8, from AP Financial News:

SAN FRANCISCO (AP) ¿ Amphenol Corp. shares rose after a Thomas Weisel Partners analyst upgraded the stock to "Overweight," saying he's increasingly confident in the company's prospects.

NEW YORK (AP) ¿ Shares of Genzyme Corp. traded lower after a drug it is codeveloping failed to meet goals of two late-stage clinical trials.

NEW YORK (AP) ¿ Multiplayer online game operator Shanda Interactive Entertainment Ltd. said board member Bruno Wu resigned at the beginning of the month.

NEW YORK (AP) ¿ The near-term sale of American International Group Inc.'s assets will leave little value for common equity holders, a Credit Suisse analyst said, downgrading the troubled insurance giant and slashing his price target for the stock in half.

NEW YORK (AP) ¿ Shares of Eagle Materials Inc. rose on prospects that U.S. residential construction will increase later this year, boosting demand for the company's building materials.

PITTSBURGH (AP) ¿ Shares of Thompson Creek Metals Co. rose as an analyst upgraded the producer of molybdenum, which strengthens steel.

NEW YORK (AP) ¿ Shares of NII Holdings Inc., which provides wireless services in Latin America, jumped after Wells Fargo Securities upgraded it to "Outperform" from "Market Perform."

Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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