Movers roundup: Manitowoc, Clearwire
Among the stock activity stories for Thursday, May 8, from AP Financial News:
NEW YORK (AP) -- Shares of Manitowoc Inc. rose Thursday on news that Enodis PLC accepted a $2 billion acquisition bid from Illinois Tool Works Inc., trumping Manitowoc's earlier offer.
NEW YORK (AP) -- Shares of Clearwire Corp. tumbled Thursday after Citi Investment Research downgraded the company saying its shares are trading well above what he views as a fair value.
NEW YORK (AP) -- Shares of network storage company NetApp Inc. climbed Thursday after Citigroup analyst Paul Mansky raised his price target on the company's potential for solid fourth-quarter results.
NEW YORK (AP) -- Shares of drug developer Durect Corp. surged Thursday, after the company reported a smaller first-quarter loss on lower costs and greater research and development partnership revenue.
NEW YORK (AP) -- Shares of Jarden Corp. dropped Thursday afternoon after the company reported lower-than-expected first-quarter revenue and said the economic slump is hurting performance. 