Among the stock activity stories for Wednesday, Aug. 22, from AP Business News:
— Shares of Chico's FAS Inc. reached their highest point in five years as the clothing company's second-quarter performance beat Wall Street's view and it raised its outlook for the year.
— Shares of cellphone infrastructure company Clearwire Corp. fell after an analyst cut his rating on the company, saying a doubling of the stock price since late July took it too far above his $1 target price.
