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Movers roundup: Sara Lee, Boston Beer



By AP
05 November 2008 @ 02:27 pm EST

Among the stock activity stories for Wednesday, Nov. 5, from AP Financial News:

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Quotes
SLE 10.2 -0.29
SAM 28.37 -0.34
JEC 49.63 -4.39
MCHP 18.5 -1.51
KIM 20.08 -0.37

SYMBOL LOOKUP

MILWAUKEE (AP)--Shares of Sara Lee Corp. tumbled Wednesday after the company lowered its outlook for the rest of the year because of a stronger dollar and more shares outstanding.

CHICAGO (AP)--Shares of Boston Beer Co. fell Wednesday, a day after the brewer slashed its full-year outlook and posted worse-than-expected third-quarter results.

NEW YORK (AP)--Shares of Jacobs Engineering Group Inc. fell Wednesday after analysts noted the reduced value of company backorders and adjusted their outlooks accordingly.

NEW YORK (AP)--Shares of chip maker Microchip Technology Inc. fell Wednesday after a Goldman Sachs analyst downgraded the stock to "Sell" from "Neutral," citing a market shift away from the company's strengths and growing competition.

NEW HYDE PARK, N.Y. (AP)--Shares of shopping center owner Kimco Realty Corp. fell Wednesday after the company lowered its full-year outlook to below Wall Street expectations amid growing problems at troubled retail chains.

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 This material may not be published, broadcast, rewritten or redistributed.

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