Movers roundup: RadioShack, Smithfield Foods

Movers roundup: Morgan Stanley upgrades RadioShack, Smithfield Foods rehauling business

• On 2:30 pm EDT, Thursday September 10, 2009

Among the stock activity stories for Thursday, Sept. 10, from AP Financial News:

NEW YORK (AP) -- Shares of electronics retailer RadioShack Corp. rose on Thursday, after a Morgan Stanley analyst said results should begin to improve and upgraded the stock to "Overweight."

SAN FRANCISCO (AP) -- The CEO of the world's biggest pork producer, Smithfield Foods, said Thursday that it is transforming itself into a packaged meats business.

HARTFORD, Conn. (AP) -- Shares of Globecomm Systems Inc. fell Thursday, a day after the satellite communications company reported a steep profit decline for its fiscal fourth quarter compared with the same period last year when a lower deferred tax allowance buoyed results.

NEW YORK (AP) -- Shares of chip maker Skyworks Solutions Inc. hit a multiyear high Thursday, propelled by a better-than-expected outlook for its fiscal fourth quarter.