AP News

Movers roundup: Apollo Group, Cree


Among the stock activity stories for Wednesday, Oct. 17, from The Associated Press:

— Apollo Group Inc.'s shares plunged after the for-profit education company reported a disastrous fourth-quarter and announced plans to close many of its University of Phoenix schools.

— Shares of Cree Inc. jumped after the LED product maker reported solid fiscal first-quarter results and offered a second-quarter forecast close to Wall Street estimates.

— Shares of Sonic Corp. advanced after the company said its net income rose 18 percent in its fiscal fourth quarter, helped by tighter cost controls at its drive-in restaurants.


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