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Doral Financial Up Sharply, Gaining 6% On Heavy Volume
Friday, May 27, 2011 - 11:24am | 119Doral Financial Corp. (NYSE: DRL) shares are moving sharply higher today, gaining more than 6% on heavier than normal volume for this time of day. At last check, shares were up 13 cents to $2.09 on around 700,000 shares. The average daily volume is 1.8 million shares. If traders continue this...
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Carver Bancorp Builds Out Management Structure and Announces Executive Changes
Thursday, May 26, 2011 - 4:19pm | 158Carver Bancorp (Nasdaq: CARV) today announced its intention to implement a revised management structure with two new executive positions consisting of President and Chief Operating Officer and Chief Finance and Administrative Officer. Both of these positions will report directly to Deborah C....
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Calls Purchased on The PMI Group
Wednesday, May 25, 2011 - 1:06pm | 141Shares of The PMI Group (NYSE: PMI) are higher on the session by 3.65%, currently trading at $1.42. The stock has been moving largely lower over the past six months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short...
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Brooklyn Federal Bancorp Receives NASDAQ Notice
Tuesday, May 24, 2011 - 4:11pm | 96Brooklyn Federal Bancorp, Inc. (NASDAQ: BFSB) the holding company of Brooklyn Federal Savings Bank, today announced that on May 18, 2011, it received a letter from The NASDAQ Stock Market stating that the Company is not in compliance with NASDAQ Listing Rule 5250(c)(1) because the Company did not...
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NASB Financial Inc. Delays Filing Form 10-Q
Monday, May 23, 2011 - 4:34pm | 165NASB Financial, Inc. (NASDAQ: NASB) filed a Form 12b-25, which stated that the Company was unable to file timely its Form 10-Q for the quarter ended March 31, 2011, because the Company is undertaking a directive to amend and restate its financial results for the quarter ended December 31, 2010. On...
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Options Brief: The PMI Group, Inc.
Monday, May 23, 2011 - 10:45am | 76Shares of The PMI Group, Inc. (NYSE: PMI) are lower on the session by 5.04%, trading at $1.32. Overall call volume is now running at 2.88x the daily average, with 59% of all calls traded being purchases on the offer. 1,537 contracts have traded on the session so far. The PMI Group, Inc. through...
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Morning Market Losers
Monday, May 23, 2011 - 9:56am | 122Elbit Imaging Ltd (NASDAQ: EMITF) shares moved down 19.53% to $8.20 at 9:55 am. EMITF's board of directors approved the buyback of up to NIS 150 million (around $43 million) of Elbit's Series A through F Notes. SmartHeat Inc (NASDAQ: HEAT) shares dropped 19.21% to $1.43. HEAT posted a surprise...
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Monday Morning Melt Down as Chinese Manufacturing Slows and European Debt Worries "Matter"
Monday, May 23, 2011 - 8:00am | 1499On the positive side the world has continued past 6 PM Saturday. On the negative, there is a lot of red worldwide U.S. investors are waking up to this Monday. There are a bevy of issues on the plate from a slowdown in Chinese manufacturing (which was seen as a 'positive' the past few months as it...
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Euro Falls Below $1.4 After Lower Manufacturing PMI
Monday, May 23, 2011 - 5:36am | 185A difficult day for the euro continues as EU's manufacturing purchasing manager index (PMI) fails to meet analysts' expectations. The euro has already been hit by the defeat of Spain's ruling party in the local and regional elections and S&P's reduction of Italy's credit outlook, when EU...
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NorthEast Community Bancorp, Inc. Announces Second Stock Repurchase Plan of up to 283K Shares
Friday, May 20, 2011 - 2:05pm | 54NorthEast Community Bancorp, Inc. (Nasdaq: NECB), the holding company for NorthEast Community Bank, announced today that the Company's board of directors has approved the repurchase of up to 282,685 shares, or approximately 5.0% of the Company's outstanding common stock held by persons other than...
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PMI Shareholders Elect Directors; CEO L. Stephen Smith Re-Elected Chairman
Friday, May 20, 2011 - 1:54pm | 57The PMI Group, Inc. (NYSE: PMI) announced today that at the Company's Annual Meeting of Shareholders held May 19, 2011, all ten director nominees were re-elected to the Board of Directors. Following the meeting, the Board of Directors re-elected PMI Chief Executive Officer L. Stephen Smith as...
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Mad Money Lightning Round: Cramer Likes Nordic American Tanker
Friday, May 20, 2011 - 2:02am | 112On CNBC's Mad Money, Jim Cramer said during the Lightning Round that First Niagara Financial (NASDAQ: FNFG) is “expanding into Philadelphia but I still don't like the bank stocks, so be careful." Cramer said that LDK Solar (NYSE: LDK) is “having financial issues. Please do not be in that stock...
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Skeptics 05-19-2011
Thursday, May 19, 2011 - 6:55pm | 878Cusick's Corner The dynamics did not change much during the afternoon session. If anything there was a sense that the bulls lost interest in challenging the upside, skeptics, in front of tomorrow's AM settlement of European index options and PM settlement of equity options. I am not convinced that...
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Options Brief: Radian Group Inc. (RDN)
Thursday, May 19, 2011 - 11:53am | 93Shares of Radian Group Inc. (NYSE: RDN) are lower on the session by 1.70%, trading at $4.63. Overall put volume is now running at 2.42x the daily average, with 49% of all puts traded being purchases on the offer. 7,295 contracts have traded on the session so far. Radian Group Inc. is a credit...
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Dahlman Rose Comments On Extorre Engineering Project Development
Thursday, May 19, 2011 - 11:04am | 180According to Dahlman Rose, Extorre Gold Mines (NYSE: XG) aims to complete the PFS for Cerro Moro in June 2011 in order to proceed with advanced engineering and project development. Dahlman Rose said that Extorre announced that it has received formal approval of the Cerro Moro EIA by the Santa Cruz...