5 – MannKind Corporation – NASDAQ:MNKD
4 – Amedisys – NASDAQ:AMED
3 – Sunesis Pharmaceuticals – NASDAQ:SNSS
2 – Conseco – NYSE:CNO
1 – Citigroup – NYSE:C
* Mannkind Corporation has an upcoming Food and Drug Administration approval decision for its diabetes drug in one month, on January 16, 2010. Shares of MNKD rose 1.5 percent to $8.48 on Tuesday.
* Amedisys is the #4 stock on the HIGH 5 after rising 5.7 percent to $46.94 on the Nasdaq Tuesday.
* Debuting on the HIGH 5 in the #3 spot is Sunesis Pharmaceuticals. Shares of the drug developer had recently been soaring thanks to positive news about its new leukemia drug. Shares of SNSS took a turn into the red on Tuesday though, shedding 16.3 percent to $1.75 on the Nasdaq.
* Conseco debuts in the #2 spot on the LocateStock HIGH 5 one day after the insurer said it is offering 45 million shares of common stock to help pay down debt and for corporate purposes. Shares of CNO came off 2.6 percent to $4.81 on Tuesday.
* An arbitration claim was filed against Citigroup yesterday in New York by the Abu Dhabi Investment Authority, which purchased equity units from the company in November 2007. Shares of C tumbled 3.8 percent to $3.56 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