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Business

LI stocks on the move this week

Cedar Shopping Centers (CDR)
Port Washington  
$6.87 (week's change: +5.4%) 
52-week return: +36.6%

The real estate investment trust received $12.3 million after transferring its stake in a Williamsport, Pa., shopping center to a joint venture it has with Canada-based RioCan.

Hi-Tech Pharmacal (HITK)
Amityville  
$22.98 (week's change: +2.9%) 
52-week return: +204.0%

Shares rose 11 percent Thursday after Standard & Poor's said the drug maker will be added to its S&P small cap 600. Funds that reflect the index must buy HITK shares for their portfolios.

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