5 – Genworth Financial – NYSE:GNW
4 – American International Group – NYSE:AIG
3 – Bank of America – NYSE:BAC
2 – SWS Group – NYSE:SWS
1 – Citigroup – NYSE:C
* Moody's reported mid-week that the value of commercial real estate has fallen to levels not seen since 2002. HIGH 5 stock, Genworth Financial, is among companies being affected. Shares of GNW fell 2.1 percent to $11.30 on Thursday.
* AIG is the #4 stock on the HIGH 5 after falling 4.2 percent to $29.89 on Thursday.
* According to a pricing document sent to investors, Bank of America sold $19.3 billion of common equivalent securities, on Thursday. Shares of BAC inched up .70 percent to $15.76 on the news.
* Shares of SWS Group tumbled in their debut during Thursday's session, after the investment and financial services company said it would sell 4.1 million shares of common stock. SWS closed down 5.5 percent at $11.66 on the NYSE.
* A federal judge in Manhattan on Thursday sentenced a former California computer executive to nearly 11 years in prison for trying to defraud Citigroup out of more than $83 million. The bank's shares fell 1.2 percent to $4.05 on the news.
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LocateStock is the premiere 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 on Uba TV that highlights stock inventory that is available for short sellers to legally borrow and stay in compliance with Regulation SHO.
The daily HIGH 5 stocks are determined by LocateStock'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.
For an in-depth market analysis on each individual, hard to borrow stock, tune in daily to UBA TV at www.ubatv.com.
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SOURCE: Locate Stock, LLC