For the December 14 period, short interest in financial stocks sky-rocketed compared to figures on November 30. Shares sold short in Citigroup (C) grew 20 million to 104.9 million. Shares short in…
There are many other analyst calls today, but these are the main calls we are looking at this morning: Biogen Idec (BIIB) raised from Underperform to Neutral at Credit Suisse. BMC Software…
SLM (SLM) Buy-out is dead and company revises numbers down for 2008. Down to $27.63 from 52-week high of $58. Office Depot (ODP) Soft guidance. Falls to $14.68 from 52-week high of…
Yesterday’s announcement that Washington Mutual (NYSE: WM) about a dividend slash, layoffs, exit of sub-prime, and a capital raise was greeted with far less than joy. 24/7 Wall St. has already warned…
Below is a snapshot of the individual company news affecting share prices being watched by 247WallSt.com: Amtech Systems (NASDAQ: ASYS) shares up 3% after it announced receipt of a $3.9 million solar…
Over that last six months, the Dow is up 3%. But, it has been a "no stock market growth" kind of period. GDP was fairly strong, but any strength in tech shares…
According to Reuters, the Fed is set to cut rates today. Reuters writes that inflation in China hit an 11 year high at almost 7% in November. Reuters reports that global deals…
Washington Mutual (WM) has announced that it will cut its dividend, stop lending to the subprime market, and raise $2.5 billion through a preferred stock offering. The market took that news badly…
Douglas A. McIntyre The November 30 short interest of NYSE traded stocks shows that the market is predicting a further drop in financial and tech stocks. The numbers compare to November 15, 2007. The short…
The federal government and several large mortgage lenders have a plan to freeze loan rates for certain subprime borrowers. The Wall Street Journal writes that ‘The Bush administration and major financial institutions…
Citigroup (C) Report of huge lay-offs. Shares trade below $30 for first time in five years. Drops to $29.75 from 52-week high of $57. Countrywide Financial (CFC) Senator asks for probe of…
Short interest for stocks traded on the NYSE was up about 3% for the period ending November 15 compared to the October 31 numbers. Bets against big financials sky-rocketed, and positions in…
According to Reuters, Goldman Sachs (GS) issued a report saying the housing sector had much further to fall and that some financial institutions would have to raise money to stay in business.…
GENESCO (GCO) Broken buy-out. Down to $29.04 from 52-week high of $54.15. Unisys (UIS) No new news. Old line computer maker working on transformation to services. Down to $5.13 from 52-week high…
Washington Mutual (WM) Mortgage company in bad environment. Down to $19.72 from 52-week high of $46.38. Capital One Financial (COF) Big financial loss. Down to $50.05 from 52-week high of $83.84. Fannie…