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Movers Roundup: Radian Group, CDC



By AP
07 April 2008 @ 06:49 pm EST

Among the stock activity stories for Monday, April 7, from AP Financial News:

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Quotes
RDN 4.41 0.02
CHINA 1.66 -0.03
POWI 21.15 -1.39
SGP 16.05 -0.39

SYMBOL LOOKUP

NEW YORK (AP) A UBS analyst expects larger losses for Radian Group Inc. through 2009, but said the mortgage insurer is transforming its operations to improve business.

NEW YORK (AP) Shares of CDC Corp. rose Monday after the company's software unit, CDC Software, said it will buy a 22 percent stake in Chinese company Tenly Software and create a joint venture with the company.

NEW YORK (AP) Shares of Power Integrations Inc. fell Monday after an analyst downgraded the company to "Buy" from "Strong Buy" on the high price of its shares.

NEW YORK (AP) Shares of Schering-Plough Corp. rose 4 percent Monday, continuing to recover from last week's severe losses sparked by negative data on its blockbuster cholesterol drug Vytorin.

NEW YORK (AP) Analysts said Monday Advanced Medical Optics Inc. is executing well on its new contact lens and dry eye product offerings, but expressed concern about the outcome of the Food and Drug Administration's panel meeting on Lasik surgery later this month.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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