- DJIA 12,549.00 (+69.37)
- S&P500 1385.47 (+9.54)
- NASDAQ 2480.51 (+35.84)
- 10 YR T-Note 3.921%, +0.09%.
- 52-WEEK LOWS saw 3 DJIA components today.
- TOP 10 ANALYST CALLS
Anheuser-Busch Companies, Inc. (NYSE: BUD) saw a mixed reaction today. It may be getting a buyout offer from InBev in Europe, but Detusche Bank Securities lowered its rating to a "Hold" rating. Shares were only up marginally at $56.90 with a few minutes to the close.
Favrille, Inc. (NASDAQ: FVRL) was the daily implosion with shares down a whopping 87% at $0.22 late in the day before the close. The company's Phase III non-Hodgkins lymphoma treatment failed to meet endpoints, so back to pre-clinical stages.
General Motors Corporation (NYSE: GM) saw a drop of almost 2% to $17.28 late in the day after its shares were downgraded to "Hold" by Citi.
Sirius Satellite Radio Inc. (NASDAQ: SIRI) saw shares down almost all day on word that the FCC hasn't delivered proper documents to those at the FCC that can make a decision by June 30 on approving or killing its merger. To make matters worse, there is more and more talk of both satellite radio players needing to raise money whether they get to merge or not. Shares were actually up 0.5% at $2.602 with a few minutes to the close.
Standard Pacific Corp. (NYSE: SPF) saw record volume after securing a $530 million from MatlinPatterson Global Advisers. Shares were up 50% at the end of the day at $3.36, still way down from its $22.17 high over the last year.
Symantec Corporation (NASDAQ: SYMC) may finally be coming back in favor. Shares were within striking distance of 52-week highs up 2.5% at $21.18 right before the close.
Why do we have a weak dollar?
Holiday hiring slow for retailers
Closing Bell: What sell-off? (AIG, ABK, EPR, MBI, JAVA, ORCL, ERTS)
Reader Comments (Page 1 of 1)
5-27-2008 @ 5:14PM
John Howell said...
Buyers "came out of the sewers?" I'll be happy to tell you who came out of the sewer: his name is JOHN OGG, and he wrote this ignorant, asinine blog. Any questions?