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Movers roundup: AIG, Lehman Brothers



By AP
05 August 2008 @ 02:46 pm EST

Among the stock activity stories for Tuesday, Aug. 5, from AP Financial News:

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Quotes
AIG 1.84 -0.17
LEH 0.13 -0.17
CLDN 7.24 -0.25
CREE 13.89 -1.72
AMSC 12.73 -0.54

SYMBOL LOOKUP

NEW YORK (AP)--Shares of American International Group Inc. jumped Tuesday after a UBS analyst upgraded the stock to "Buy" from "Neutral" and raised the target price by $6 to $41.

NEW YORK (AP)--Shares of Lehman Brothers Holdings Inc. rose sharply Tuesday amid speculation the investment bank might be selling its entire investment management division to help boost capital reserves and shore up its balance sheet.

NEW YORK (AP)--Shares of long-haul trucking company Celadon Group Inc. rose almost 12 percent in Tuesday morning trading after the company posted a sharp drop in fiscal fourth-quarter income but said freight demand and rates should continue to rise.

NEW YORK (AP)--The stock of Cree Inc., a maker of light-emitting diodes, rallied Tuesday after an analyst saw value in the stock, which hit a 52-week low on Monday.

SIOUX FALLS, S.D. (AP)--Shares of American Superconductor Corp. slid sharply Tuesday after the energy equipment supplier reported a higher-than-expected quarterly loss and lowered its 2008 guidance.

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 This material may not be published, broadcast, rewritten or redistributed.

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