Sony Rises On Q4 Profit, Lifts Regular Annual Dividend

Wednesday, May 14, 2008; Posted: 04:30 PM

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(RTTNews) - Sony (SNE | news | PowerRating | PR Charts ) gapped open higher and rose throughout most of the first 45 minutes of Wednesday's trading, before leveling out and rising again in the mid-day and paring its gains in the late afternoon. The rise came after the company reported a fourth-quarter profit and lifted its regular annual dividend.

The stock broke resistance and surpassed its 200-day moving average. Shares finished at their highest level since late February, up $3.11 at $49.17.

For full details on Sony Corp (SNE) click here. Sony Corp (SNE) has Short Term PowerRatings of 5. Details on Sony Corp (SNE) Short Term PowerRatings is available at This Link.

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