Movers roundup: National City, CombinatoRx
October 7th, 2008 | by mantrionline |Shares of National City Corp. (nyse: NCC - news - people ) plummeted Monday morning as the broader market tumbled, and after the regional bank’s ratings were cut by Fitch Ratings.
Other stories:
NEW YORK (AP) - Shares of CombinatoRx Inc. crashed to an all-time low Monday after the biotech company said its lead drug candidate missed its main goal in clinical trial.
DENVER (AP) - Patriot Coal Corp.’s shares plummeted Monday amid a broader market decline after the coal mining company said its third-quarter production was expected to be 1.4 million tons less than its initial forecast of 8 million tons.
CHARLOTTE, N.C. (AP) - Shares of Hartford Financial Services Group Inc. climbed Monday after the insurer strengthened its capital position with a $2.5 billion investment from German financial services firm Allianz (nyse: AZ - news - people ) SE.
NEW YORK (AP) - Shares of paper products maker AbitibiBowater Inc. (nyse: ABH - news - people ) plunged Monday after an analyst slashed his price target on the stock by half and the broader equity market fell more than 5 percent.
