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Movers roundup: Apple, Rite Aid

The Associated Press

Among the stock activity stories for Wednesday, March 14, from AP Business News:

— Shares of Apple Inc. rose to a 52-week high as two analysts raised their estimates of the tech giant's earnings and sales on strong demand for iPhones and iPads.

— Shares of Rite Aid Corp. outpaced the broader market Wednesday after a Credit Suisse analyst said a potential acquisition of the drugstore chain by competitor Walgreen Co. makes sense.

— Pacific Sunwear of California Inc.'s shares plunged after the teen retailer blamed weak sales for a wider fourth-quarter loss and disappointing first-quarter forecast.