Movers roundup: Dole, Tesla

Movers roundup: Dole shares fall on suspended buyback; Tesla rises on last week's offering

Associated Press

Among the stock activity stories for Tuesday, May 28, from AP Business News:

— Dole Food Company Inc.'s shares sank after the fruit and vegetable company said it would suspend its share repurchase plans and use its cash instead to update its shipping fleet to enhance its growth prospects.

— Shares of electric car maker Tesla Motors Inc. spiked on momentum from last week's stock-and-note offering that raised nearly $1 billion, and the prospect of the company announcing a wider network of car charging stations.

— Shares of FirstEnergy Corp. fell as Credit Suisse stripped the utility of its 'outperform' rating, seeing a glut of energy pushing down prices.

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