The LocateStock.com HIGH FIVE for Thursday, April 10th are:
5 – BHP Billiton – NYSE:BHP
4 – ManKind Corp. – NASDAQ:MNKD
3 –
2 –
1 – Lehman Brothers – NYSE:LEH
BHP Billiton Limited, (NYSE:BHP) together with its subsidiaries, operates as a diversified natural resources company. The company operates 10 customer sector groups (CSGs), aligned with the commodities that the company extracts and markets, which includes Aluminum, Base Metals, Uranium, Diamonds and Specialty Products, Energy Coal, Iron Ore, Manganese, Metallurgical Coal, Petroleum, and Stainless Steel Materials.
* BHP said Wednesday that 2008 prices for coking coal products are expected to increase by between 206% to 240% over last year. Terms for a significant portion of annually-priced metallurgical coking coal contracts relating to the BHP Billiton Mitsubishi Alliance operations in Queensland have been concluded following settlements initially outside Japan and more recently with key Japanese customers, the firm said. BHP fell 69 cents or .87% to $78.31 after rising 5.25% the day before on rumors of a partial sale.
ManKind Corporation, (NASDAQ:MNKD) a development stage company, engages in the discovery, development, and commercialization of therapeutic products for the treatment of diabetes and cancer. Its lead investigational product candidate, the Technosphere Insulin System, is in phase III clinical trials in the
* ManKind shares plummeted on Wednesday after Pfizer announced that they were changing the label on their joint-venture inhaled insulin drug Exubera, due to increased instances of lung cancer during clinical trials. ManKind was also downgraded to "outperform" from "market perform"on Wednesday. Shares of MNKD plummeted to a new low, and closed at $2.35 after falling $3.50 or 59.83% on Wednesday.
Circuit City Stores, Inc. (NYSE:CC) operates as a specialty retailer of consumer electronics, home office products, entertainment software, and related services. It sells brand-name consumer electronics, personal computers, entertainment software, and related services in
* Struggling electronics retailer Circuit City Stores said Wednesday it swung to a fiscal fourth-quarter profit, as cost cutting offset lower sales for a period that included the bulk of the crucial holiday-shopping season. The electronics retailer said it earned $4.85 million versus a loss of $4.25 million a year earlier. CC shares fell 8 cents or 1.77% to $4.45 on Wednesday.
Valence Technology, Inc., (NASDAQ:VLNC) together with its subsidiaries, engages in the commercialization of phosphate-based lithium-ion rechargeable battery technology, known as Saphion. The company offers various Saphion technology-based power systems, including N-Charge and U-Charge.
* Valence Tech shares plummeted Wednesday on no news. The stock fell $1.12 or 25.11% to $3.34 on Wednesday.
Lehman Brothers Holdings, Inc., (NYSE:LEH) through its subsidiaries, provides various financial services to corporations, governments and municipalities, institutions, and high-net-worth individuals worldwide. The company operates in three segments: Capital Markets, Investment Banking, and Investment Management.
* Lehman Brothers is back in the #1 spot on the HIGH FIVE as the managing director of equity research at Sandler O'Neill told CNBC Wednesday that he lowered his ratings on the investment bank. Shares of LEH fell $3.13 or 7.17% to $40.54 after falling more than 2% a day earlier.
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.
CONTACT: pressrelease@locatestock.com / 201-332-6800
SOURCE: Locate Stock, LLC
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