Among the stock activity stories for Thursday, April 16, from AP Financial News: NEW YORK (AP) ¿ Shares of The9 Ltd. fell Thursday after the Shanghai-based online game operator said its license to operate the popular game "World of Warcraft" will be granted to a competitor after it expires. PITTSBURGH (AP) ¿ Shares of heavy equipment maker Caterpillar Inc. sank Thursday as an analyst downgraded the company's stock, citing possible losses in its finance unit and slumping demand for machinery and engines. NEW YORK (AP) ¿ Shares of genetic analysis company Illumina Inc. rose Thursday after the company said it sold 22 gene analyzing systems to the Broad Institute, boosting that institution's installed base to 47 units. NEW YORK (AP) ¿ Shares of Cougar Biotechnology Inc. fell Thursday after a Rodman & Renshaw analyst downgraded the stock, saying it is unlikely to advance for the rest of this year. NEW YORK (AP) ¿ Although near-term development prospects for one of its Florida properties are low, an analyst said Isle of Capri Casinos Inc. is among those likely to still be standing once an economic recovery occurs. NEW YORK (AP) ¿ Shares of StemCells Inc. jumped Thursday after the company said it signed a non-exclusive licensing deal with a major pharmaceutical company.
More from Investing
Jim Cramer: The Definition of Insanity? Pre-Market Trading
Much of it occurs when someone jumps the gun, deciding that the headlines must be traded without any knowledge of what is underneath them.
Downshifting Our Outlook as Yellow Flags Appear on the Charts
The likelihood of support levels being tested has increased.
Jim Cramer on Netflix's Earnings, and His Three Keys for Earnings Season
Jim Cramer breaks down what investors need to know when it comes to Netflix, earnings season and how he's looking at the markets.
Jim Cramer: The One Thing Investors Must Pay Attention to If Nothing Else
From earnings to trade, a lot of headlines are hitting the tape. Jim Cramer breaks down the most important thing investors need to know now.