Movers roundup: Sprint Nextel, Smithfield Foods

AP News
Posted: Dec 08, 2009 6:05 PM

Among the stock activity stories for Tuesday, Dec. 8, from AP Financial News:

LOS ANGELES (AP) _ Sprint Nextel Corp. shares fell after an analyst downgraded the telecommunications carrier, saying even at relatively cheap share prices, the stock isn't a good bet because earnings are in "perpetual decline."

MILWAUKEE (AP) _ Shares of Smithfield Foods Inc. rose after an analyst upgraded her rating on the stock just days before its quarterly results are due.