-
Options Brief: KeyCorp (KEY)
Wednesday, March 2, 2011 - 2:22pm | 81Shares of KeyCorp (NYSE: KEY) are higher on the session by 0.89%, trading at $9.03. Overall put volume is now running at 10.06x the daily average, with 3% of all puts traded being purchases on the offer. 31,271 contracts have traded on the session so far. KeyCorp is a bank holding company and a...
-
J.P. Morgan Reports Limited Interest in Traditional M&A For FirstMerit
Wednesday, March 2, 2011 - 10:50am | 208In a report published by J.P. Morgan, FirstMerit Corporation (NASDAQ: FMER) has limited interest in traditional M&A. J.P. Morgan reported that it recently met with FirstMerit's CEO, Paul Greig. “In the backdrop of FMER's strong financial position and rich premiums recently paid on traditional...
-
Citi Comments On Fifth Third Bancorp Follow Recent 10-K Filing
Wednesday, March 2, 2011 - 10:15am | 150Fifth Third Bancorp (NASDAQ: FITB) shares fell 4.4% yesterday following 10-K disclosure of a formal SEC investigation into Fifth Third's accounting and reporting treatment of certain commercial loans. According to CFO Poston at an investor conference, "The SEC at this point has made no allegation...
-
Deutsche Bank Reports FDA Meta-Analysis On Abacavir Will Not Change Much For Gilead Sciences
Wednesday, March 2, 2011 - 9:49am | 115In a report published by Deutsche Bank, the FDA meta-analysis on abacavir will not change much for Gilead Sciences (NASDAQ: GILD). Deutsche Bank reported that yesterday, a FDA meta-analysis of risk of myocardial infarction (MI) associated with abacavir was presented at CROI '11. “Recall, abacavir (...
-
Citigroup Lowers PT On Fifth Third Bancorp To $15
Wednesday, March 2, 2011 - 8:59am | 27Citigroup has lowered the price target on Fifth Third Bancorp (NASDAQ: FITB) from $17 to $15 and maintains its Hold rating.
-
Four Trade Ideas for Wednesday, March 02
Tuesday, March 1, 2011 - 7:05pm | 2637( click to enlarge ) Technical analysis outlook for Las Vegas Sands Corp. (NYSE:LVS) remain bearish. Both stochastic analysis and MACD charts are flashing bearish outlook for the stock. The near-term outlook is negative and a move to the $41.30-42.80 range appears likely. Only a break above $46...
-
Wesbanco Officer Sells 25,000 Shares of WSBC
Tuesday, March 1, 2011 - 5:07pm | 54In a Form 4 filed earlier today, Wesbanco (NASDAQ: WSBC) Officer and Director, John Kidd, reported that he sold 25,000 shares of WSBC on February 28th for an average price of $20.40. The transaction totaled $510,000. Mr. Kidd owns 574 direct shares and 149,609 indirect shares of WSBC. Source: The...
-
Keefe, Bruyette & Woods Happy With First Community Bancshares Outperform Rating
Tuesday, March 1, 2011 - 10:05am | 75According to Keefe, Bruyette & Woods, it feels good about First Community Bancshares (NASDAQ: FCBC) Outperform rating, considering the recent weakness in the shares. Keefe, Bruyette & Woods said that, “FCBC only trades at 1.2x tangible book and 9.8x 2012E EPS which we believe is an...
-
Benzinga's Top Pre-Market NASDAQ Losers (CEDC, YRCW, AVGO, FITB)
Tuesday, March 1, 2011 - 9:28am | 109Central European Distribution Corp (NASDAQ: CEDC) dipped 12.47% to $20 in the pre-market session. CEDC reported a wider Q4 loss. YRC Worldwide Inc (NASDAQ: YRCW) fell 9.70% to $2.42 in the pre-market session. YRCW's trailing-twelve-month ROE is -844.08%. Avago Technologies Limited (NASDAQ: AVGO)...
-
New Enforcement Policies For Reg SHO And Fair Market Making Requirement
Monday, February 28, 2011 - 2:58pm | 85New enforcement policies are going into effect today with regard to short selling. The first is FINRA 4320, which mandates 13 day buy-ins for open delivery failures applying to shares of non-reporting corporations. FINRA 2010-043, also starting on 2/28/11 reinstates the “short sale exempt” (SSE)...
-
NASDAQ Stocks Hitting 52-Week Highs (OPXT, MINI, SIMO, WASH)
Monday, February 28, 2011 - 11:26am | 140Opnext Inc (NASDAQ: OPXT) shares reached $4.33 to create a new 52-week high, before falling to $4.31, representing a 3.36% gain. OPXT shares have surged 104.41% over the past 52 weeks, while the S&P 500 index has gained 19.50% in the same period. Mobile Mini Inc (NASDAQ: MINI) shares gained 4....
-
Morgan Keegan Raises TCBI From $28 To $29
Monday, February 28, 2011 - 9:55am | 32Morgan Keegan is raising its PT on shares of Texas Capital Bancshares Inc. (NASDAQ: TCBI) from $28 to $29. Texas Capital Bancshares Inc. closed Friday at $24.94.
-
The Bancorp, Inc. Announces $50M Stock Offering
Monday, February 28, 2011 - 8:25am | 83The Bancorp, Inc. (NASDAQ: TBBK) announced today that it has commenced a public offering of approximately $50 million of its common stock. The shares will be issued pursuant to a prospectus supplement filed as part of an existing shelf registration statement filed with the Securities and Exchange...
-
Mad Money Lightning Round OT: Cramer Likes EPD (UA, POL, EPD, ETP, EPD, STI)
Sunday, February 27, 2011 - 3:19pm | 346On CNBC's Mad Money Lightning Round OT, Jim Cramer said that Under Armour, Inc. (NYSE: UA) is too volatile for him. He also thinks that this company is well run, and it has a great growth. Cramer recommended his caller to hold Under Armour, Inc. (UA), but her price target should be around $75. He...
-
Some Strategists Road Trip with Ford Options Today 02-25-2011
Friday, February 25, 2011 - 4:04pm | 1031Cusick's Corner The bounce in the market into the Midday gives traders and investors a sigh of relief, but it's just for the moment. As I noted on Tuesday and Wednesday, there was a lot of selling but it was not a panic-stricken kind of selling, but rather looked like some bigger traders...