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Stocks That Crossed 52-Week Highs (AIRT, CBOU, DLTR, ODSY)
Monday, May 24, 2010 - 2:13pm | 195Air T Inc (NASDAQ: AIRT) crossed its earlier 52-week high of $13.24 and created a new 52-week high of $13.40. AIRT announced on Friday that it planned to pay a $0.33 per share annual cash dividend for fiscal 2010 on June 25, 2010 to shareholders as of record June 4, 2010. Caribou Coffee Company...
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Benzinga’s Volume Movers (ODSY, GTIV, CBOU, CBRL)
Monday, May 24, 2010 - 2:11pm | 198Odyssey Healthcare Inc (NASDAQ: ODSY) shares gained 37.30% to $26.49 by 12:15 pm. The volume of ODSY shares traded was 6523% higher than normal. ODSY is going to be acquired by Gentiva Health Services Inc (NASDAQ: GTIV) in a $1 billion cash deal. Gentiva Health Services Inc (NASDAQ: GTIV) shares...
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Top Performing Industries For May 24 (CEA, ODSY, TWMC, SVM)
Monday, May 24, 2010 - 2:09pm | 236At 12:21 pm, the Dow lost 27.66 points, or 0.27%, to 10,165.73, while the broader Standard & Poor's 500 index fell 0.89 points, or 0.08%. However, the Nasdaq composite index climbed 11.88 points, or 0.53%. The industries that are helping the market keep afloat today are: Major Airlines: The top...
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Top Narrow Based Indexes For May 24 (ODSY, SEED, CBOU)
Monday, May 24, 2010 - 2:03pm | 221The markets are showing mixed results. By 12:24 pm, the Dow Jones Industrial Average had lost 26.61, or 0.26%, to 10,166.78 and S&P 500 index had dipped 0.91, or 0.08%. Meanwhile, the NASDAQ had added 11.45, or 0.51%. Some of the few narrow based indexes that are supporting the market are the...
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Mid-Day Market Movers (ODSY, CARV, STLY, CCIX)
Monday, May 24, 2010 - 1:47pm | 149Odyssey Healthcare Inc (NASDAQ: ODSY) soared 36.90% to $26.41 by 11:40 am. ODSY is going to be acquired by Gentiva Health Services Inc (NASDAQ: GTIV) in a $1 billion cash deal, which could turn GTIV into the second largest player in the US home and hospice care market. Carver Bancorp Inc (NASDAQ:...
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Top Day Trader Alerts (AIV, CTIC, DWA, HIMX, ODSY, S, ZLC)
Monday, May 24, 2010 - 8:50am | 384Adding to the mixed results on the US real estate market, the National Association of Realtors said existing home moved sharply higher in April. But, the numbers were almost certainly an aberration. “Existing-home sales, which are completed transactions that include single-family, townhomes,...
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The Twitter-24/7 Wall St. Stock Market Report 5.24 The Wisdom Of Crowds?
Monday, May 24, 2010 - 8:48am | 384Adding to the mixed results on the US real estate market, the National Association of Realtors said existing home moved sharply higher in April. But, the numbers were almost certainly an aberration. “Existing-home sales, which are completed transactions that include single-family, townhomes,...
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Top Analyst Upgrades and Downgrades (ACE, BX, CSIQ, C, CME, XOM, FSLR, ISRG, NYB, NTRS, S, THC, RIG, VMED, WFC)
Monday, May 24, 2010 - 8:22am | 392We have several decent movers this morning in the early morning. This Monday’s top day trader and active trader alerts are in Apartment Investment & Management Co. (NYSE: AIV), Cell Therapeutics, Inc. (NASDAQ: CTIC), DreamWorks Animation SKG Inc. (NASDAQ: DWA), Himax Technologies, Inc. (NASDAQ...
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Benzinga’s Top Downgrades (STI, RCRC, WFC, JEF, GXDX)
Monday, May 24, 2010 - 7:54am | 186SunTrust Banks Inc (NYSE: STI) was downgraded by Goldman from “conviction buy” to “buy.” STI’s shares closed at $26.99 on Friday. SunTrust’s earnings may fall by 288.18% this year. RW Baird downgraded RC2 Corporation (NASDAQ: RCRC) from “outperform” to “neutral.” RCRC’s shares closed at $18.83 on...
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Merger Arbitrage Mondays – May 24, 2010
Monday, May 24, 2010 - 6:46am | 4755The slowdown in merger announcements two weeks ago appears to have only been a temporary breather. For the first time since we launched this service in mid-March, we have seen seven new mergers announced in a single week. Besides the seven new all cash deals announced last week, we had one deal...
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Short Covering Rally 05-21-2010
Friday, May 21, 2010 - 7:00pm | 770Cusick's Corner There was an impressive rally into the close, much of it due to short covering for the weekend which then set off a big short imbalance. The VIX had quite a day range today of 38.95 – 48.20, closing nearer the day’s lows at 40.10. This choppy, volatile trade coupled with...
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RehabCare Receives “Outperform” Rating (RHB)
Wednesday, May 19, 2010 - 5:24pm | 133RehabCare Group (NYSE: RHB) sees growth opportunities in its Hospital Rehabilitation Services division from its ability to attract new contracts. Equity research firm Morgan Keegan has released a report on RehabCare (RHB) stating that the company has 12 openings signed for 2010 to date, up from 6...
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Morgan Keegan Reiterates Outperform Rating On RehabCare Group (RHB)
Wednesday, May 19, 2010 - 11:12am | 116After attending RehabCare Group's (NYSE: RHB) investor day, Morgan Keegan is reiterating their Outperform rating on the company's stock. The analysts wrote that "RehabCare is the market leader in rehabilitation program management services and one of the leading operators of rehabilitation and long-...
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MOT Stepping Towards Q1, 2011 Spin-Out
Wednesday, May 19, 2010 - 10:49am | 224Analysts at Citigroup reiterate their "buy" rating on Motorola Inc (NYSE: MOT). The target price for MOT is set to $10. MOT posted better-than-expected Q1 results and provided higher-than-anticipated guidance. MOT’s handset business also showed good results for that period. According to Citigroup,...
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Cypress Misses Zacks Estimate - Analyst Blog
Tuesday, May 18, 2010 - 6:08pm | 454Cypress Bioscience, Inc. (CYPB) reported a net loss of 12 cents per share in the first quarter of 2010, a couple of cents above the Zacks Consensus Estimate of 10 cents. However, quarterly loss was lower than the year-ago loss of 24 cents, mainly due to a significant decline in operating expenses...