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 Daily High 5 Blog

5 – MannKind Corporation – NASDAQ:MNKD

4 – Suntech Power Holdings – NYSE:STP

3 – Conseco – NYSE:CNO

2 – Facet Biotech Corporation – NASDAQ:FACT

1 – Citigroup – NYSE:C

* Mannkind Corporation has an upcoming Food and Drug Administration approval decision for its diabetes drug next month, on January 16, 2010. Shares of MNKD rose 3.7 percent to $8.79 on Wednesday.

* Suntech Power Holdings is the #4 stock on the HIGH 5. A recent report said that the company has helped to contribute to China's 30% share of the global market for solar panels. Shares of STP fell .70 percent to $17.78 on Wednesday.

* Conseco shares fell Wednesday after the life insurer said it may raise as much as $234.1 million selling shares and use part of the proceeds to repay debt. Shares of CNO climbed 6.9 percent to $5.14 on the news.

* Debuting on the HIGH 5 in the #2 spot is Facet Biotech after the company said on Wednesday it agreed to allow The Baupost Group, a big investor, to increase its stake in the company to as much as 20 percent, in a bid to fight off a hostile bid from Biogen Idec. Shares of FACT fell 2.1 percent to $16.40 on the news.

* Citigroup is pricing its $20.5 billion stock offering at $3.15 a share, well below Wednesday's closing price and less than the $3.25 the government got for its Citigroup shares. Shares of C tumbled 3.1 percent to $3.45 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

Dec17

Written by: Daily High 5 Blogger
12/17/2009 9:02 AM 

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