5 – Visa Inc. – NYSE:V
4 –
3 – BlackRock Corporate High Yield Fund – NYSE:COY
2 –
1 – Lehman Brothers – NYSE:LEH
Visa, Inc., (NYSE:V) through its subsidiaries, operates retail electronic payments network worldwide. It facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities in approximately 170 countries and territories.
* On Friday, analysts at Stifel Nicolaus & Company initiated coverage of Visa with a "buy" rating. The target price was set to $77. Shares of Visa were thinly traded to close the day at $66.11.
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.
* At the beginning of the month on April 1st, BlackRock Corporate High Yield Fund announced a dividend distribution of $0.061. Shares of COY were heavily traded on Friday to end the day flat at $7.07.
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
* Circuit City Stores was among seven retailers that was fined last week for a total of $3.9 million for not properly disclosing that analog television sets were not equipped with digital tuners. Its fine, the third largest, was $712,000. Shares of CC lost 34 cents or 8.02% to $3.90 on Friday.
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, looking to raise cash, packaged $2.8 billion of unsold loans into bonds, then used some of the securities as collateral to borrow from the Federal Reserve, people familiar with the deal said Friday. Lehman transferred loans that included some risky leveraged buyout debt into a new investment entity called Freedom, which then issued securities, about $2.26 billion of which were rated investment-grade, they said. This, just a day after the bank said it had liquidated three investment funds in its first quarter after "market disruptions". The value of the assets held by these funds was about $1bn. Shares of LEH fell 38 cents or .94% to $39.87 Friday and closed the week down 11%.
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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