The LocateStock.com HIGH 5 for Tuesday, September 30th are:
5 – Fording Canadian Coal Trust – NYSE:FDG
4 – Micron Technology – NYSE:MU
3 – Ultra Financial ProShares – AMEX:UYG
2 – Alpha Natural Resources – NYSE:ANR
1 – Triarc Companies – NYSE:TRY
Fording Canadian Coal Trust (NYSE:FDG) operates as an open-ended mutual fund trust in
* Last Friday Fording Canadian Coal Trust said a pair of shareholder advisory services are recommending investors vote in favor of its proposed sale for nearly $14 billion to mining giant Teck Cominco. Fording shareholders are to vote on the sale Sept. 30. Shares of Fording fell 4.28% or $5.35 to $75.72 on Monday.
Micron Technology, Inc. (NYSE:MU) engages in the manufacture and marketing of semiconductor devices worldwide. Its products include dynamic random access memory (
* JMP Securities initiated coverage on Micron Monday morning to "market underperform." The stock plummeted 62 cents or 13.33% to $4.03.
The Ultra Financials ProShares (AMEX:UYG) investment seeks daily investment results, before fees and expenses, which correspond to twice the daily performance of the Dow Jones U.S. Financials index. The fund normally invests 80% of assets in financial instruments with economic characteristics that should be twice the return of the index.
* Significant moves in individual financial stocks Monday resulted in large moves in the financial ETFs, including the Ultra Financials ProShares. Shares of UYG plummeted $4.02 or 19.84% to $16.24.
Alpha Natural Resources, Inc. (NYSE:ANR) produces, processes, and sells steam and metallurgical coal in the
* Shares of coal companies, including Alpha Natural, tumbled Monday after the government said coal production dropped 3% last week. The Energy Information Administration said last Friday that total
Triarc Companies, Inc. (NYSE:TRY) is a holding company and, through its subsidiary Arby's Restaurant Group, Inc. (ARG), is the franchisor of the Arby's restaurant system. The Arby's restaurant system comprises approximately 3,700 restaurants, of which, as of
* Wendy's customers will see new options on the company's Frosty and burger-heavy menu, the new chief executive said Monday after it was formally taken over by the owner of Arby's. The $2.34 billion deal adds Wendy's International to the stable of holdings of Triarc. Shares rose 47 cents or 8.66% to $5.90 on the news.
The daily HIGH 5 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 HIGH 5 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
