Movers roundup: DreamWorks shares slide on downgrade, Concur stock climbsBy AP
Wednesday, May 26, 2010
Movers roundup: DreamWorks, Concur Technologies
Among the stock activity stories for Wednesday, May 26, from AP Financial News:
NEW YORK (AP) — The latest “Shrek” film could disappoint shareholders even further after its weak debut, an analyst said, downgrading shares of DreamWorks Animation SKG Inc.
SAN FRANCISCO (AP) — Shares of Concur Technologies Inc. rose after an analyst upgraded the on-demand expense management software maker’s stock, saying it faces little competition and predicting its revenue growth will speed up through next year.
NEW YORK (AP) — Shares of Extra Space Storage Inc. climbed after an analyst upgraded the stock and raised his profit estimates on strong occupancy levels and aggressive pricing.
NEW YORK (AP) — Shares of Manpower Inc. rose as a Barclays analyst upgraded the company after a stock sell-off, saying fears of a deep hit to Manpower’s staffing business because of Europe’s debt crisis are overblown.
PHILADELPHIA (AP) — Shares of Omnicom Group Inc. rose after an analyst upgraded the advertising and marketing conglomerate because he believes the stock is undervalued.
PHILADELPHIA (AP) — Shares of Netezza Corp. rose after the data storage company reported a first-quarter profit that well exceeded Wall Street’s forecasts.
NEW YORK (AP) — Shares of Medicaid coverage provider Centene Corp. rose after an analyst said investor concerns about a large contract in Indiana will fade after the upcoming weekend, alleviating pressure on the stock.
SAN FRANCISCO (AP) — VMware Inc. shares rose after an analyst upgraded the virtual desktop service provider, saying the company is in a better position than many other software companies.