Movers roundup: McClatchy shares drop after bond pricing, Meritage Homes slides on downgrade

By AP
Friday, February 5, 2010

Movers roundup: McClatchy, Meritage Homes

Among the stock activity stories for Friday, Feb. 5, from AP Financial News:

NEW YORK (AP) — McClatchy Co. shares tumbled along with the broader market after the newspaper publisher agreed to pay steep interest rates to push back its deadline for repaying debt.

MIAMI (AP) — Shares of Meritage Homes Corp. dropped after an analyst downgraded the homebuilder’s stock, saying it does not have as much upside as other builders.

PORTLAND, Ore. (AP) — Shares of Ralcorp Holdings Inc. rose after the maker of store-brand foods reported a slight gain in first-quarter profit, due in part to a recently acquired business.

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