Jersey City, NJ – October 30, 2007
The LocateStock.com HIGH FIVE for Tuesday, October 30th are:
5 – Aspreva Pharmaceuticals Corporation – NASDAQ:ASPV
4 – Excel Maritime Carriers – NYSE:EXM
3 – Yingli Green Energy Holding – NYSE:YGE
2 – VMware – NYSE:VMW
1 – WellCare Health Plans – NYSE:WCG
Aspreva Pharmaceuticals Corporation (NASDAQ:ASPV) engages in the identification, development, and commercialization of approved drugs and drug candidates for new indications. It has two phase III clinical development programs underway to evaluate CellCept, an orally delivered immunosuppressant agent, in the treatment of the autoimmune diseases, such as lupus nephritis and pemphigus vulgaris.
* Aspreva Pharmaceuticals announced Saturday that the company's earnings conference call for the third quarter of 2007 is scheduled for Wednesday, 10/31/07 at 5:00 pm Eastern. Shares of ASPV lost 28 cents or 1.10% ahead of the call in Monday's session on the NASDAQ.
Excel Maritime Carriers, Ltd. (NYSE:EXM) engages in the ownership and operation of dry bulk carriers, and in the provision of seaborne transportation services for dry bulk cargoes, such as iron ore, coal and grains, bauxite, fertilizers, and steel products worldwide. As of June 26, 2007, the company's fleet consisted of 16 vessels comprising 10 Panamax and 6 Handymax vessels with a total carrying capacity of 965,249 deadweight tonnage.
* Oppenheimer downgraded Excel Maritime Carriers last Wednesday. The stock was downgraded from Buy to Neutral. Shares of EXM added $3.21 or 4.19% to $79.91 on the NYSE on Monday.
Yingli Green Energy Holding Company Limited, (NYSE:YGE) through its subsidiary, Baoding Tianwei Yingli New Energy Resources Co., Ltd., engages in the design, development, marketing, manufacturing, and installation and sale of photovoltaic products in the People's Republic of China and internationally. Its products include polysilicon ingots and wafers, photovoltaic cells and modules, and integrated photovoltaic systems.
* Chinese solar product manufacturer Yingli Green Energy Holding on Monday said it signed new contracts to clarify pricing on its 1,232-ton polysilicon supply deal with Sichuan Xinguang Silicon Science and Technology. Shares of Yingli Green Energy surged 8.7% last Friday and added an additional $2.58 or 7.50% to $36.97 Monday on the NYSE.
VMware, Inc. (NYSE:VMW) and its subsidiaries provide virtualization solutions worldwide. Its virtualization solutions separate the operating system and application software from the underlying hardware to achieve improvements in efficiency, availability, flexibility, and manageability.
* VMware is not letting up anytime soon. The stock jumped more than 8% to a new high of $121.42 in afternoon trading on Monday, in the wake of higher expectations for the virtualization software provider. The median price target on the stock is now $105, according to Thomson Financial. And six out of 10 research notes issued by sell-side analysts since VMware posted an earnings surprise Wednesday put the 12-month target price above $125, with Citigroup analyst Brent Thill going up to $134. Shares of VMW added $8.69 or 7.75% to settle at $120.78.
WellCare Health Plans, Inc. (NYSE:WCG) provides managed care services exclusively for government-sponsored healthcare programs, focusing on Medicaid and Medicare in the United States. It offers a range of Medicaid and Medicare plans, including health plans for families, children, the aged, blind and disabled, and prescription drug plans.
* Shares of health insurer WellCare inched up in premarket trading Monday after a Jefferies analyst said the company, which tumbled last week after the FBI searched its headquarters, will probably not lose its Medicare contracts. WellCare Health Plans said on Friday that securities regulators had asked for information after the FBI raided the company's Florida headquarters. The SEC requested unspecified information on Thursday, a day after more than 200 federal and state agents raided WellCare's Tampa, Florida headquarters. Shares in WellCare are down more than 80% since the raid. On Monday they came off an additional $2.74 or 8.74% to settle at $28.62. Last Friday, a shareholder sued the company and two top executives, alleging they disseminated materially false and misleading statements and concealed adverse facts, according to the complaint.
The daily HIGH FIVE stocks are determined by the company's proprietary, internal algorithmic calculators. The result is five securities that are the most sought after to borrow, and have proven to be the hottest stocks to short that day.
LocateStock.com is the premier electronic securities lending company providing revolutionary, real-time, hard-to-borrow stock locates and market data to hedge funds and professional traders seeking an efficient and private way to borrow stock associated with short sales. The Company recently launched LocateStock TV, a daily financial news show that highlights stock inventory that is available for short sellers to legally borrow and stay in compliance with Regulation SHO.
For an in-depth market analysis on each individual, hard to borrow stock, tune in daily to LocateStock TV, on http://www.locatestock.com/pressrelease.html
CONTACT: pressrelease@locatestock.com / 201-332-6800
SOURCE: Locate Stock, Inc.
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