Movers roundup: Lehman Brothers, Vulcan Materials
Among the stock activity stories for Tuesday, May 6, from AP Financial News:
NEW YORK (AP) -- Shares of Lehman Brothers Holdings Inc. fell Tuesday afternoon as a Deutsche Bank analyst said the problems still exist for the investment bank, though the worst may be over.
NEW YORK (AP) -- Vulcan Materials Co. shares slumped Tuesday after the asphalt and concrete supplier reported lower earnings and cut its 2008 profit target amid "a prolonged and severe downturn" in the residential construction market.
NEW YORK (AP) -- Shares of biotechnology company Human Genome Sciences Inc. fell Tuesday after the company's first-quarter results disappointed investors.
NEW YORK (AP) -- Analysts said Teva Pharmaceutical's overall first-quarter results were solid, but said a sticking point for some on Wall Street was the large role favorable currency exchange rates played in boosting revenue.
NEW YORK (AP) -- Array BioPharma Inc. shares rose Tuesday after the company secured $80 million in financing for its drug pipeline.
NEW YORK (AP) -- Shares of Powerwave Technologies Inc. jumped Tuesday after the wireless products maker said its preliminary first-quarter loss narrowed, encouraging analysts.
