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Deutsche Bank Downgrades PNC To Hold, $64 PT
Thursday, July 7, 2011 - 7:20am | 24Deutsche Bank has downgraded PNC (NYSE: PNC) from Buy to Hold and maintains its $64 price target.
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Pre-ECB Decision Links
Thursday, July 7, 2011 - 2:29am | 195more on today's hottest topic, the ECB Interest Rate Decision: Trichet Fights a War on Two Fronts (Bloomberg) ECB to raise rates, play hardball on Greece (Reuters) Euro may lose drive after expected ECB rate hike (Reuters) ECB Could Hike Two Times This Year (CNBC) Signals to Expect From ECB's...
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Morning Market Movers
Wednesday, July 6, 2011 - 8:52am | 130Bank of the Carolinas Corporation (NASDAQ: BCAR) climbed 63.46% to $1.70 at 9:50 am. BCAR shares have dipped 73.06% over the past 52 weeks, while the S&P 500 index has gained 30.14% in the same period. Wowjoint Holdings Limited (NASDAQ: BWOW) shares gained 17.45% to $1.75. BWOW shares have...
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Market Update
Wednesday, July 6, 2011 - 8:38am | 115Shares of International Game Technology (NYSE: IGT) gained about 0.3% after the company appointed Eric A. Berg as its President, effective July 18, 2011. Shares of Signature Bank (NASDAQ: SBNY) dropped about 2.4% after the company announced its plans to sell 4.1 million shares of common stock in...
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Signature Bank Prices of Public Offering 4.1M Shares at $56.25
Wednesday, July 6, 2011 - 8:16am | 71Signature Bank (Nasdaq: SBNY) announced today that its public offering of 4.1 million shares of common stock was priced at $56.25 per share. All shares are being offered by the Bank. The Bank has also granted to the underwriters a 30-day option to purchase up to 615,000 additional shares of common...
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Signature Bank Announces Public Offering; Shares Drop 3% In Pre-Market
Wednesday, July 6, 2011 - 7:00am | 59Shares of Signature Bank (NASDAQ: SBNY) dropped about 3% in pre-market trading after the company announced its plans to sell 4.1 million shares of common stock in an underwritten public offering. SBNY shares fell 3.01% to $56.77 in pre-market trading. Read more from Benzinga's Company news.
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US Stock Futures Down As Investors Await Economic Data
Wednesday, July 6, 2011 - 5:15am | 279US stock futures are lower this morning, as investors are awaiting economic data. Futures on the Dow Jones Industrial Average dipped 32 points to 12,501.00 and futures on the S&P 500 stock index fell 4.60 points to 1,332.10. Nasdaq 100 futures dropped 5.75 points to 2,366.25. US stocks closed...
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Stocks To Watch For July 6
Wednesday, July 6, 2011 - 2:26am | 202Some of the stocks that may grab investor focus today are: DST Systems Inc (NYSE: DST) acquired the assets of IntelliSource Healthcare Solutions. The terms of the deal were not disclosed. DST shares gained 0.99% to close at $54.15 yesterday. Netflix Inc (NASDAQ: NFLX) announced its plans to...
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David Duke Wants to Trade White Robe For White House in 2012 GOP Bid
Tuesday, July 5, 2011 - 3:52pm | 772For a political party that lives in the Reagan Glory Days of the 1980s, it's surprising to see one of their potential presidential candidates looking to take the party back to the 60s. That is to say the 1860s. David Duke, the former KKK leader who is surprisingly comfortable in both Republican...
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Air Methods Corporation Announces Closing of Amended and Restated Credit Agreement
Tuesday, July 5, 2011 - 3:03pm | 154Air Methods Corporation (Nasdaq: AIRM) announced today that it has successfully closed, together with its bank group, led by KeyBank National Association (NYSE: KEY), a five-year Amended and Restated Credit Agreement. The Amended Credit Facility is comprised of a $100 million revolving line of...
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Signature Bank Announces Public Offering of 4.1M Shares of Common Stock
Tuesday, July 5, 2011 - 3:01pm | 76Signature Bank (Nasdaq: SBNY) announced today an underwritten public offering of 4.1 million shares of its common stock. The Bank will also grant to the underwriters a 30-day option to purchase up to 615,000 additional shares of common stock to cover overallotments, if any. BofA Merrill Lynch is...
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Market After Last Week's Rally 07-05-2011
Tuesday, July 5, 2011 - 1:57pm | 927Cusick's Corner Because of an absence of trading catalysts, the market is likely to stay in a range for the rest of the day and just continue to chop around. This makes the current market a little more difficult to trade, at least from a two-sided perspective. I previously noted that spreading...
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Stockhouse Movers & Shakers: In search of Klondike gold
Tuesday, July 5, 2011 - 12:54pm | 89At the height of the Klondike gold rush in 1898, it was mostly back-breaking work that led prospectors to the Yukon gold fields. Grainy photos in a Canadian Broadcasting Corp. (CBC) documentary neatly sum up the challenge, showing hundreds of equipment laden-prospectors climbing the Chilkoot Pass...
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Morning Market Losers
Tuesday, July 5, 2011 - 9:05am | 78Zion Oil & Gas Inc (NASDAQ: ZNWAZ) dipped 31.55% to $1.64 at 10:00 am. Zion Oil & Gas Inc (NASDAQ: ZN) fell 18.81% to $4.79. ZN disclosed weak drilling results in a regulatory filing. Pansoft Company Limited (NASDAQ: PSOF) shares moved down 16.77% to $3.25. PSOF's trailing-twelve-month...
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UPDATE: Wunderlich Raising Its Price Target On Bank of the Ozarks
Tuesday, July 5, 2011 - 8:54am | 152Wunderlich Securities is raising its price target Bank of the Ozarks, Inc. (NASDAQ: OZRK) to $57, and is reiterating its Buy rating. In a note to clients, Wunderlich Securities writes, "We maintain our Buy rating on shares of Bank of the Ozarks (OZRK) as well as our $57 price target after taking a...