Contest Stocks: FMT "Homes In" As Best Performer
Here's our latest contest "stock report." Mortgage finance company FMT is back in the news--as a best performer, thought it's been gone for a while as one of the most widely held, it's in the most active list. And GIGM turned into a negative play with news the company sees slower growth ahead. Here you go:
Best performing grades by % gain from Monday's close to Tuesday's close:
Fremont General Financial Services--up 40.65% on news that they agreed to sell its commercial-real estate lending business.
MGM Mirage Travel & Leisure--up 27.05% after Kerkorian's Tracinda wants to buy Bellagio & City Center.
Corus Bankshares--up 12.38%.
Spansion--up 9.67% on news that Intel & STMicroelectronics to form company to become top supplier of NOR flash memory-chips which Spansion produces.
Monro Muffler Brake--up 9.21% on strong earnings.
Worst performing trades by % loss from Monday's close to Tuesday's close close:
United Natural Foods Retail--down 10.60% as earnings missed expectations.
Global Sources--down 8.66%.
Home Inns--down 8.42% as the Shanghai economy hotel chain reported earnings.
D&S--down7.56% as Chilean companies fell on pension fund changes and profit taking.
GigaMedia Ltd--down 6.83% as the Taiwanese company warned that Q2 revenue growth would slow.
Black Box Industrial Goods & Services $35.65 $38.20 -6.68
Sasol Ltd--down 6.28%.
Neurochem down 5.67%.
Tele Chile--down 5.30% as Chilean companies fell on pension fund changes and profit taking.
The Most Active and Widely Helds for our Million Dollar Top 20 and our Second Chance Finalists:
Most active Volume
Widely held Shares
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