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Movers roundup: Tyson Foods, American Axle



By AP
19 June 2008 @ 02:25 pm EST

Among the stock activity stories for Thursday, June 19, from AP Financial News:

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Quotes
TSN 11.2 -0.48
AXL 4.37 -0.31
DSCO 1.65 -0.09

SYMBOL LOOKUP

NEW YORK (AP)--Shares of Tyson Foods Inc. regained some ground on Thursday, one day after a credit rating agency cut the meat producer's bonds to junk bond status, sparking a sharp drop in stock price.

NEW YORK (AP)--Shares of American Axle & Manufacturing Holdings Inc. tumbled Thursday on worries that the effects of the continued decline in pickup and sport utility demand on the company may be worse than previously thought.

NEW YORK (AP)--Analysts said Thursday investors are overreacting to news that Discovery Laboratories Inc. will delay its response to the Food and Drug Administration's request for information about the company's Surfaxin drug by three months.

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 This material may not be published, broadcast, rewritten or redistributed.

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