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Movers roundup: SanDisk, Synovus Financial
By The Associated Press | 20 Oct 2008 | 02:13 PM ET
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Among the stock activity stories for Monday, Oct. 20, from AP Financial News:

NEW YORK (AP) — Shares of flash memory maker SanDisk Corp. fell Monday ahead of an earnings report that analysts expect to show ample evidence of a slowdown in consumer spending.

NEW YORK (AP) — Synovus Financial Corp. shares dove Monday after a Citi Investment Research analyst cut his full-year profit estimate due to expectations for higher credit costs and near-term pressure on the bank's capital levels.

NEW YORK (AP) — Shares of Prudential Financial Inc. fell sharply Monday after a Goldman Sachs analyst cut its rating on concerns the company faces losses on its exposure to mortgage-backed securities.

DENVER (AP) — Shares of Mosaic Co. climbed Monday after a Soleil Securities Group Inc. analyst speculated Cargill Inc. may boost its ownership stake in the fertilizer maker when a standstill agreement between the two expires Wednesday.

DENVER (AP) — Shares of Weatherford International Ltd. rose Monday after the oil industry services provider reported a 27 percent increase in third-quarter profit due to strong international growth.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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