[AP] - A look at the 10 biggest volume gainers on New York Stock Exchange at the close of trading: Blue Chip Fund : Approximately 538,300 shares changed hands, a 580.2 percent increase over its 65-day average volume.
[Indie Research] - Its been a rough month for the Mortgage Investments stock sector, but larger components which are typically less susceptible to rapid selloffs, have also been hit by the most recent downturn, with many high-yield names underperforming the segment and the overall market.
[AP] - A look at the 10 biggest volume gainers on New York Stock Exchange at the close of trading: Cogdell Spencer Inc. : Approximately 1,888,600 shares changed hands, a 567.1 percent increase over its 65-day average volume.
[AP] - A look at the 10 biggest volume gainers on New York Stock Exchange at the close of trading: American Dairy Inc. : Approximately 846,100 shares changed hands, a 457.0 percent increase over its 65-day average volume.
Per a 13G filed with the SEC due to portfolio activity on August 6th, 2010, Eric Mindich's hedge fund Eton Park Capital has disclosed a new position. Eton Park has revealed a 7.52% ownership stake in Doral Financial Corporation (DRL) with 8,444,354 shares. However, this percentage is based on the current amount of shares outstanding. Realistically, Doral will have more shares outstanding due to conversion of "mandatorily convertible non-cumulative non-voting preferred stock". So if you were to...
The SEC is looking to expand investigations into the spread of false rumors that may affect the financial system. Articles at Reuters and Bloomberg mention the recent slide in Freddie Mac (FRE) and Fannie Mae (FNM), as well as Lehman Brothers (LEH), for the increased SEC attention. No word in either article whether a member of Congress will be investigated after the recent collapse of IndyMac, although an LA Times article does mentioned that...
Countrywide's Pressures Mount.“Three states [have] filed separate legal actions against Countrywide Financial Corp. (CFC). The actions, by the attorneys general of California and Illinois, and the Washington State Department of Financial Institutions, came on the same day that Countrywide shareholders voted to approve the sale of the company to Bank of America Corp. (BAC). The all-stock transaction was valued at $4 billion when BofA...
Stockerblog submits: Puerto Rico is considered a high income country by the World Bank. Its industries include petrochemicals, pharmaceuticals, agriculture, and technology. The country receives approximately 5 million tourists per year, with one-third of the tourists being cruise ship passengers. Tourism has benefited from the new U.S. passport law which has cut down on the number of visitors to other non-U.S. Caribbean islands.
Here are some more facts about the Commonwealth of Puerto Rico:
The bank indexes have held steady in the face of mediocre first quarter earnings and the continued deterioration in mortgage loan credit quality.
The inverted yield curve should make it difficult for banks to earn money since it narrows the "spread" between what banks pay for deposits and interest they earn on loans. But most banks have still been able to meet their first quarter earnings estimates. And surprisingly, non-performing real estate loans haven't been as big a problem for the larger banks as many investors had feared.
Since the last summary of Doral on these pages, the company has announced that it will issue its 10-K annual report later in April. Investors will be looking for insight into whether the turnaround is indeed underway, or if conditions are worsening.
Among the key questions is the progress on shareholder lawsuits and restructuring of the balance sheet including possible refinancing of the $625 million Floating Rate Notes [FRN]. Analysts are looking for a $1.32 loss per share on average including one-off items, but more interesting might be any insight into 2007 and beyond.
One of the biggest disasters on the NYSE of the past few years has been Doral Bank (DRL) of Puerto Rico. Can it now be one of the biggest winners of 2007? From a high of almost $50 in January 2005, the stock has fallen to a low of $1.19 about a week ago. It has since recovered to $1.91 on the back of sales of New York branches and some likely short covering. For investors who are not risk averse, this might be the time to consider...
One industry that has taken a plunge is Puerto Rican banks.
The highlight would be the stock of Doral Financial (DRL), whose chart resembles the flight of Icarus. I don?t know the full story (I think few do) of what happened to Doral. A few years ago, this was regarded as one of the fastest growing banks in the U.S.
But they got into trouble by overestimating their income from interest only strips, which are the coupons from mortgages dealing only with interest and not principle. They sold them to other PR banks...
Belvedere submits: Nearly a year ago, there was a fairly wide SEC investigation going on in Puerto Rico: a group of major financial institutions appeared to be constructing a daisy-chain of transactions with each other. It wasn?t the sort of thing that was clear from the financial statements; the SEC must have spent a lot of time at ground level, because they announced yesterday that one of the firms involved, Doral Financial (DRL), settled fraud charges for $25 million.
Here's a one page summary of leading stories from this weekend's (June 19) Barron's(paid sub. req.), noting stocks to watch for Monday morning when the market opens and brief comments on the Barron's articles. Note: clicking on a stock ticker pulls up opinion, analysis and a quote for that stock; clicking on a headline takes you to the full Barron's article (paid sub. req'd.).
First BanCorp. (NYSE: FBP) moved up by 0.13% to close at $0.38 with overall traded volume of 1.66 million shares. Its total market capitalization arrived at $35.21 million. FirstBanCorp, (the ...
(NYSE:AXR) AMREP Corp. belonging to the Financial sector and Real Estate Development industry currently trading at a price of $12.03, a huge surge of 17.48% from its previous day's close. The ...
Santarus, Inc. (NASDAQ:SNTS) shares were up 23.41% in morning trading Thursday on volume of over 2.30 Million shares traded, already more than 7 times it's average daily volume of 309,000 shares ...
Darnley Bay Resources Limited ("Darnley Bay") (TSX VENTURE: DBL | PowerRating) and Diadem Resources Ltd. ("Diadem") (TSX VENTURE: DRL | PowerRating) are pleased to announce that they have ...
By Chip Brian Doral Financial (NYSE:DRL) is one of today's worst performing low-priced stocks, down 5.4% to $1.39 on 0.2x average daily volume. Approximately 232,000 shares have traded hands today ...
Strategic Hotels & Resorts Inc. (NYSE: BEE) moved up by 3.70% to close at $3.92 with overall traded volume of 1.24 million shares. The share price is highly sensitive as its beta value stands at 2 ...
By Chip Brian Doral Financial (NYSE:DRL) is one of today's worst performing low-priced stocks, down 2.8% to $1.38 on 0.3x average daily volume. Approximately 283,000 shares have traded hands today ...
Doral Financial Corp. (NYSE: DRL) dropped by 1.39% to close at $1.42 whereas overall traded volume stood at 1.50 million shares. Its total market capitalization arrived at $152.81 million. Doral ...
Is Doral Financial (DRL) Staging a Turnaround? Is The Great Atlantic & Pacific Tea Company (GAP) a Turnaround or M&A Play or Both? Is AMN Healthcare (AHS) Undervalued? By Dennis Askew First up ...
Mitsubishi UFJ Financial Group Inc (ADR) (NYSE: MTU) surged by 0.83% to close at 4.84 whereas overall traded volume stood at 2.83 million shares. The share price is likely to move by 0.98 times ...
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