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Movers roundup: RadioShack, Abercrombie & Fitch

Movers roundup: RadioShack rises on iPhone deal, Abercrombie & Fitch gains on upgrades

  • By The Associated Press
  • On 2:27 pm EST, Monday November 9, 2009

Among the stock activity stories for Monday, Nov. 9, from AP Financial News:

Shares of RadioShack Corp. jumped after the electronics retailer said it would start selling the iPhone, and an analyst upgraded the stock to "Outperform" saying the move would boost customer traffic.

Two analysts said international growth will help bolster Abercrombie & Fitch's long-term growth and upgraded the teen apparel retailer.

Shares of toy maker Hasbro Inc. rose after an analyst said the company has strong product cycle coming up in 2011 and upgraded the stock.

Shares of Ariad Pharmaceuticals Inc. rose after a JP Morgan analyst recommended the stock, citing upcoming study data on the company's developing cancer drugs.

Shares of Revlon Inc. jumped as an analyst upgraded the stock on improving financials and lower expenses. The cosmetics company also said it plans to offer $330 million in a senior notes offering.

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