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Movers roundup: Myriad Genetics, Health Net
By The Associated Press | 04 Nov 2008 | 06:01 PM ET
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Among the stock activity stories for Tuesday, Nov. 4, from AP Financial News:

SALT LAKE CITY (AP) — Shares of Myriad Genetics Inc. climbed to a seven-year high Tuesday after the company posted strong third-quarter results, swinging to a profit due to gains in molecular diagnostics sales.

NEW YORK (AP) — Shares of Health Net Inc. skidded to their lowest price in more than eight years Tuesday, as high medical costs and a management shake up appeared to cloud the health insurer's future.

NEW YORK (AP) — Shares of Teradata Corp. rose Tuesday after the database manager said its third-quarter profit doubled, boosted by margin improvements that offset the effects of flat revenue.

NEW YORK (AP) — Shares of chip maker Marvell Technology Group Ltd. rose Tuesday with the rest of the market after an American Technology Research analyst upgraded the stock to a "Buy" from "Neutral."

NEW YORK (AP) — Louisiana-Pacific Corp. shares fell Tuesday after the forest and wood products company posted a wider-than-expected third-quarter loss as demand dropped off from the battered construction industry.

NEW YORK (AP) — Shares of Cisco Systems Inc. climbed Tuesday ahead of the networking gear maker's fiscal first-quarter earnings report scheduled for Wednesday.

NEW YORK (AP) — Shares of nutritional and weight-loss supplements maker Herbalife Ltd. plunged Tuesday after the company disappointed Wall Street with a weaker-than-expected outlook.

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 This material may not be published, broadcast, rewritten or redistributed.

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