5 – Avis Budget Group – NYSE:CAR
4 – Genworth Financial – NYSE:GNW
3 – Sprint Nextel – NYSE:S
2 – Citigroup – NYSE:C
1 – Bank of America – NYSE:BAC
* Avis Budget Group is the first stock on the HIGH 5 on Tuesday. Shares of CAR plunged 2.4 percent to $11.68 on the NYSE Monday.
* A.M. Best assigned a debt rating on Monday of "bbb" to the recently issued $300 million 8.625% senior unsecured notes due December 2016 for Genworth Financial. Shares of GNW rose 2.9 percent to $11.26 on the news.
* Shares of Sprint Nextel jumped Monday after a positive article in Barron's. Associate Editor Michael Santoli suggested that shares had an upside of 50%. The news sent shares higher by 13.3 percent to $4.18 to close on the NYSE.
* On Monday, word emerged that Citigroup has a narrow window in which to pay back $20 billion in TARP money if it wants to rid itself of government control sooner rather than later. Citi fell .70 percent to $4.03 on the news.
* A report on Monday said analysts and investors expect Bank of America to name a replacement for retiring Chief Executive Ken Lewis' on Tuesday. Shares of BAC lost 2.4 percent to $15.89 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.
CONTACT: pressrelease@locatestock.com / 212-425-6000
SOURCE: Locate Stock, LLC