Jersey City, NJ – June 17, 2008
The LocateStock.com HIGH FIVE for Tuesday, June 17th are:
5 – VirnetX Holding Corp. – AMEX:VHC
4 – Doral Financial – NYSE:DRL
3 – DinEquity – NYSE:DIN
2 – Sirius Satellite Radio – NASDAQ:SIRI
1 – Lehman Brothers – NYSE:LEH
VirnetX Holding Corporation, (AMEX:VHC) a development-stage company, focuses on developing solutions for real-time communications, such as instant messaging and voice over Internet protocol (VoIP) in the United States. The company is developing 'single-click' and 'zero-click' security solutions for real-time communications; and 'end-to-end' security for VoIP, video conferencing, and other types of peer-to-peer collaboration.
* On Monday, VirnetX said that on June 3, 2008, the court denied the Motion to Dismiss filed by Microsoft in connection with VirnetX's lawsuit against Microsoft. The suit alleges patent infringement by Redmond, WA-based Microsoft Corporation, and seeks damages, injunctive relief and costs. New to the HIGH FIVE list, shares of VirnetX rocketed $1.49 or 35.56% to $5.68 on Monday.
Doral Financial Corporation, (NYSE:DRL) through its subsidiaries, provides a range of financial services primarily in Puerto Rico and New York. The company operates through four segments: Mortgage Banking, Banking, Insurance Agency, and Institutional Securities.
* The Puerto Rican bank, Doral Financial, rose $1.07 or 7.08% to $16.18 on Monday.
DineEquity, Inc. (NYSE:DIN) develops, franchises, and operates full-service restaurants in the United States and internationally under the Applebee's Neighborhood Grill & Bar (Applebee's) and International House of Pancakes (IHOP) brands. It owns and operates two restaurant concepts in the casual dining and family dining niches, which include Applebee's Neighborhood Grill and Bar or Applebee's; and International House of Pancakes or IHOP.
* Landry's Restaurants, which competes with DineEquity, agreed to be bought by Chief Executive Tilman Fertitta for about $1.3 billion, including debt, on Monday. Meanwhile, last Thursday TheStreet.com upgraded its coverage on DineEquity to "Hold" from "Sell." Shares of DIN began the week off higher by 95 cents or 2.19% to $44.35 on Monday.
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 shares rallied 3.15% on Monday after the Wall Street Journal reported that the staff of the Federal Communications Commission has recommended the agency clear the company's planned merger with XM Satellite Radio. SIRI gained 8 cents to $2.62 on the news.
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 reassured the market on Monday that its liquidity and reserves were adequate, despite the investment bank's $2.8 billion second-quarter loss. The beaten down firm's stock moved up as much as 9.3%, after executives including CEO Richard Fuld said the firm would not need to raise additional capital. Shares of LEH finished Monday up, $1.39 or 5.39% to $27.20 on the news.
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. LocateStock TV is 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
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