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Movers roundup: General Growth Properties



By AP
12 November 2008 @ 02:39 pm EST

Among the stock activity stories for Wednesday, Nov. 12, from AP Financial News:

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Quotes
ARO 19.73 0.4
PHH 10.98 -0.62
LYV 5.41 -0.23
BZ 0.64 -0.02
TYC 23.27 -1.3
GGP 1.98 0.38

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CHICAGO (AP)--Shares of General Growth Properties plunged for the second straight day Wednesday after the struggling mall owner warned it may need to file for bankruptcy and Standard and Poor's said it was removing the stock from the S&P 500 index.

NEW YORK (AP)--Shares of Aeropostale Inc. fell on Wednesday after an analyst said the teen apparel retailer's steady market-share gain is likely to slow, and downgraded the company to "Sell."

CHARLOTTE, N.C. (AP)--Shares of PHH Corp. rose Wednesday after a Keefe, Bruyette & Woods analyst said the mortgage originator's liquidity remains strong, and concerns to the contrary are unwarranted.

NEW YORK (AP)--Shares of Live Nation Inc. dropped on Wednesday after two analysts downgraded the concert promoter and predicted that consumers will cut back on ticket purchases in 2009.

NEW YORK (AP)--Shares of Boise Inc. plunged Wednesday after the New York Stock Exchange warned the paper and packaging maker that it is not in compliance with listing standards because its average total market capitalization was less than $75 million over a 30-trading-day period.

HARTFORD, Conn. (AP)--Shares of Tyco International Ltd. fell for a second consecutive day Wednesday after the diversified manufacturer reduced its 2009 earnings forecast.

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 This material may not be published, broadcast, rewritten or redistributed.

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