NEW YORK (AP) -- Among the stock activity stories for Thursday, July 5, from The Associated Press:
— Netflix Inc. shares surged as investors bet that the growing popularity of the company's Internet video service will translate into higher profits.
— Shares of Advanced Micro Devices Inc. dipped after a downgrade of the chip-maker from Sterne Agee, which cited slower sales of personal computers.
— Shares of Solazyme Inc. plummeted after an analyst downgraded the biofuels company because of the recent run-up in the stock's price.
— Shares of Statoil ASA fell after the Norwegian company said it was preparing to shut down production on the Norwegian continental shelf because of a labor dispute.