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 Daily High 5 Blog

5 – Avis Budget Group – NYSE:CAR

4 – American International Group – NYSE:AIG

3 – Genworth Financial – NYSE:GNW

2 – Citigroup – NYSE:C

1 – Bank of America – NYSE:BAC

* On Thursday Avis Rent A Car received multiple accolades at the 2009 World Travel Awards, described as the 'Oscars' of the global travel and tourism industry. Shares of CAR surged 10.2 percent to $11.97 on Friday.

* The Wall Street Journal said Friday that AIG is planning to list one of its Asian life insurance units in Hong Kong in order to raise funds to help repay its U.S. government bailout. The IPO is expected to raise between $5 billion to $10 billion for AIG. Shares inched up .80 percent to $30.12 on the news.

* Genworth Financial on Thursday sold $300 million of senior unsecured notes. The size of the deal was increased from an originally planned $250 million. Shares of GNW rose 2.6 percent to $11.60 on Friday.

* Kuwait's sovereign wealth fund said on Sunday it had sold its stake in HIGH 5 stock Citigroup, becoming the latest Gulf investor to sell foreign shares. Citi rose .30 percent to $4.06 ahead of the news on Friday.

* Bank of America saw strong demand for its TARP-busting secondary offering late Thursday, selling half a billion dollars more in securities than it originally envisioned at a discount of less than 5% to its common stock. Shares of BAC held up well to close at 3.3 percent to $16.28 on Friday.

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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

Dec7

Written by: Daily High 5 Blogger
12/7/2009 9:40 AM 

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