LocateStock.com Daily High Five For Monday April 28, 2008

Jersey City, NJ – April 28, 2008

The LocateStock.com HIGH FIVE for Monday, April 28^th are:

5 – Progenics Pharmaceuticals – NASDAQ:PGNX

4 – YRC Worldwide – NASDAQ:YRCW

3 – Circuit City – NYSE:CC

2 – Sirius Satellite Radio – NASDAQ:SIRI

1 – Lehman Brothers – NYSE:LEH

 

Progenics Pharmaceuticals, Inc., (NASDAQ:PGNX) a biopharmaceutical company, engages in the development and commercialization of therapeutic products for the treatment of unmet medical needs of patients with debilitating conditions and life-threatening diseases in the United States. It primarily focuses on the areas of gastroenterology, virology, and oncology.

* Federal regulators have approved the first drug meant to relieve constipation caused by narcotic painkillers, the drug's makers said Friday. The Food and Drug Administration approval of Relistor -- made by drugmaker Wyeth and partner Progenics Pharmaceuticals -- could provide relief for a common problem for patients dying of cancer and other painful diseases. PGNX rocketed $2.76 or 25.94% to $13.40 on the news.

YRC Worldwide, Inc. (NASDAQ:YRCW) provides transportation services for the shipment of industrial, commercial, and retail goods in the United States and internationally. The company's operating units include YRC National Transportation, YRC Regional Transportation, and YRC Logistics.

* Shares of trucker YRC Worldwide surged Friday after a Morgan Keegan analyst upgraded the stock, saying business conditions for light freight carriers should improve. The Overland Park, Kan., company said it will earn between 30 and 40 cents per share in the second quarter, as cost cuts will help YRC cancel out difficult economic conditions. On average, Wall Street expects the company to earn 33 cents per share. YRCW surged $4.14 or 31.94% to $17.10 on the news.

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 in the United States and via Web sites, www.circuitcity.com and www.firedog.com.

* Last Thursday, Circuit City Stores issued the following statement in response to a letter received yesterday from Wattles Capital Management, LLC: As noted in a press release dated April 14, 2008, Circuit City indicated that Blockbuster has not provided answers to a number of basic questions regarding its ability to finance its proposal. Based on the limited information available, Circuit City's financial advisor, Goldman, Sachs & Co., has advised the company that it believes that Blockbuster cannot in fact consummate the proposed transaction in light of the difficult current financing environment. CC shares rose 13 cents or 2.85% to $4.69 Friday.

Sirius Satellite Radio, Inc. (NASDAQ:SIRI) provides satellite radio services in the United States. It offers commercial-free music channels that provide a selection of music genres, such as rock, pop, hip-hop, country, dance, jazz, Latin, and classical; and channels of sports, news, talk, entertainment, traffic, weather, and data content.

* Sirius announced on Friday that it has entered into an agreement with colorful sports talk personality, Scott Ferrall to continue to host The Scott Ferrall Show, a live weeknight sports call-in show. The Scott Ferrall Show airs live Monday-Friday from 8:00 pm - 12:00 am ET on Howard 101, one of Howard Stern's two exclusive SIRIUS channels. SIRI lost 4 cents or 1.47% to $2.69 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.

* Last Thursday, LocateStock.com CEO, John Tabacco, told Patti Domm of CNBC that financial stocks continue to dominate the HIGH FIVE list, and Lehman was the most popular stock sought by shorts for the 27th day. Shares of investment banks rose Friday as a UBS analyst said systemic risk from the global credit market mess is subsiding. Shares of LEH gained 49 cents or 1.06% to $46.87 on Friday. The stock closed the week higher by 4%.

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, LLC