Movers roundup: Sprint Nextel, Kensey Nash

Movers roundup: Sprint Nextel shares fall on downgrade, Kensey Nash rises after settlement

Associated Press

Among the stock activity stories for Monday, March 19, from AP Business News:

— Shares of cellphone company Sprint Nextel Corp. fell after a downgrade by an analyst, who noted that credit-default swaps imply a substantial risk of bankruptcy in the next few years.

— Kensey Nash Corp.'s stock surged to a new 52-week high as the medical technology company disclosed that it reached a settlement with St. Jude Medical Inc. on disputes related to licenses for the Angio-Seal vascular closure product and other related claims.

— Shares of coal producer SunCoke Energy Inc. rose on investor optimism that the company's capacity increases will boost its long-term profits.

View Comments (0)