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Movers roundup: Packaging Corp., Movado
By The Associated Press | 05 Dec 2008 | 02:32 PM ET
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Among the stock activity stories for Friday, Dec. 5, from AP Financial News:

WASHINGTON (AP) — Packaging Corp. of America's stock plummeted Friday after the company disclosed that demand for containerboard and other box products will be "significantly lower" than previously expected.

NEW YORK (AP) — Shares of Movado Group Inc. fell 12 percent Friday after the luxury watch and jewelry seller reporteda 41 percent drop in its third-quarter earnings.

NEW YORK (AP) — Shares of independent oil and gas producer Venoco Inc. fluctuated Friday after the company cut its 2009 capital budget estimates to $225 million from an earlier forecast of $300 million.

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 This material may not be published, broadcast, rewritten or redistributed.

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