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Mesabi Trust Down 10% (MSB)
Thursday, December 23, 2010 - 4:31pm | 69Mesabi Trust (NYSE: MSB) is down sharply again today, dropping another 10% on heavy volume. At last check, shares were trading at $41.80, a loss of $4.43 or -9.58%. It's traded 1.5 million shares, when the average volume in the name is around 500,000 shares. Shares plunged last week, dropping...
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Who's The Other Bidder For Massey? (MEE, MT, ANR)
Thursday, December 23, 2010 - 3:31pm | 289FBR Capital said today that Massey Energy (NYSE: MEE) is weighing offers from multiple bidders, but hasn't made a decision about what to do with the company. The board of directors isn't even sure if the company will remain public or merge with one of the potential suitors. Alpha Natural...
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Mesabi Trust Falls 9.5% (MSB)
Thursday, December 23, 2010 - 2:30pm | 118Shares of New York city-based Mesabi Trust (NYSE: MSB) are trading down 9.5% at $41.85 per share during the Thursday afternoon trading session. The day's range for shares of Mesabi Trust has been between $41.62 and $45.89 per share. The average price target of analysts who cover Mesabi Trust (MSB)...
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Walter Buys Mobile River Terminal - Analyst Blog
Thursday, December 23, 2010 - 2:03pm | 523The producer and exporter of premium coal Walter Energy Inc. (WLT) announced that it has acquired the assets of Mobile River Terminal Co. in Mobile, Alabama from a subsidiary of U. S. Steel Corp.(X). The company will use the premium coal from these assts for export to its global consumers....
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Walter Buys Mobile River Terminal - Analyst Blog
Thursday, December 23, 2010 - 1:30pm | 523The producer and exporter of premium coal Walter Energy Inc. (WLT) announced that it has acquired the assets of Mobile River Terminal Co. in Mobile, Alabama from a subsidiary of U. S. Steel Corp.(X). The company will use the premium coal from these assts for export to its global consumers....
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Zacks #5 Rank Additions for Thursday - Tale of the Tape
Thursday, December 23, 2010 - 9:33am | 337Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: AK Steel Holding Corp (AKS) Banco Bilbao Vizcaya (BBVA) Blyth Inc (BTH) Conmed Corp (CNMD) Horace Mann Educators Corp (HMN) View the entire Zacks #5 Rank List. AK STEEL HLDG (AKS): Free Stock Analysis Report BANCO BILBAO VZ...
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Zacks #5 Rank Additions for Thursday - Tale of the Tape
Thursday, December 23, 2010 - 9:14am | 337Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: AK Steel Holding Corp (AKS) Banco Bilbao Vizcaya (BBVA) Blyth Inc (BTH) Conmed Corp (CNMD) Horace Mann Educators Corp (HMN) View the entire Zacks #5 Rank List. AK STEEL HLDG (AKS): Free Stock Analysis Report BANCO BILBAO VZ...
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Steel Dynamics to Supply Welded Rail
Wednesday, December 22, 2010 - 4:07pm | 57Steel Dynamics, Inc. (Nasdaq: STLD) today announced that its Structural and Rail Division at Columbia City, Indiana, is supplying 28,500 net tons of Continuous Welded Rail to its strategic rail distributor, Pittsburgh-based L.B. Foster Company, for installation on the New England Central Railroad,...
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Stock Market News for Dec 22, 2010 - Market News
Wednesday, December 22, 2010 - 10:33am | 869Investors' optimism put the markets on the winning side with major indices achieving two year highs. Reports of strong earnings and a wave of merger and acquisition activities helped markets touch two year highs. On the international front, Chinese Vice Premier Wang Qishan said China supports...
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JP Morgan Lowers Estimates, Raises PT On Commercial Metals
Wednesday, December 22, 2010 - 10:18am | 189JP Morgan has published a research report on Commercial Metals (NYSE: CMC) as the company is showing weakness in its near-term EPS. In the report, JP Morgan writes "Despite lowering our EPS estimates for next quarter and FY2011, we are lifting our target price, as we expect the stock (and steel...
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Stock Market News for Dec 22, 2010 - Market News
Wednesday, December 22, 2010 - 10:07am | 869Investors' optimism put the markets on the winning side with major indices achieving two year highs. Reports of strong earnings and a wave of merger and acquisition activities helped markets touch two year highs. On the international front, Chinese Vice Premier Wang Qishan said China supports...
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Worthington Industries Forms Joint Venture in India
Wednesday, December 22, 2010 - 9:33am | 57Worthington Industries, Inc. (NYSE: WOR) announced today that its Worthington Cylinders segment has entered into an agreement to acquire a 60 percent interest in Nitin Cylinders Limited (NCL) located in Visakhapatnam, India, to expand Worthington's presence in the growing alternative fuels cylinder...
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JP Morgan Raises PT On Commercial Metals
Wednesday, December 22, 2010 - 8:14am | 22JP Morgan has raised the price target on Commercial Metals (NYSE: CMC) from $14.50 to $17.
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Option Investors (Still) Bearish on Wells Fargo (WFC)
Tuesday, December 21, 2010 - 1:49pm | 1665The February options series opened for business in Wells Fargo (NYSE:WFC) yesterday and one large-scale options investor appears to have swooped in to extend a bearish trade. Wells shares are up 9.5% in the past month and have gained slightly more than that year-to-date, but this investor...
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Calls Purchased on Steel Dynamics (STLD)
Tuesday, December 21, 2010 - 12:49pm | 142Shares of Steel Dynamics (NASDAQ: STLD) are higher on the session by 0.19%, currently trading at $18.07. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A...