5 – Allied Capital Corporation – NYSE:ALD
4 – LDK Solar – NYSE:LDK
3 – Facet Biotech Corporation – NASDAQ:FACT
2 – Career Education Corporation – NASDAQ:CECO
1 – Citigroup – NYSE:C
* Business development corporation, Allied Capital, is the first stock on the Friday HIGH 5. Shares of ALD rose 1 percent to $3.51 on the NYSE yesterday.
* LDK announced Thursday a cash crunch will result in the sale of $50 million to $80 million in convertible preference shares and a possible asset sale. Shares of LDK plunged 14.8 percent to $7.84 on the news.
* Back on the HIGH 5 in the #3 spot is Facet Biotech. An SEC filing said Thursday that company shareholders rejected a $493 million takeover bid by Biogen Idec. Shares of FACT climbed 4.4 percent to $17.12 on the news.
*Debuting on the HIGH 5 as the #2 stock is Career Education Corporation after plummeting 19.3 percent to $22.88 on the Nasdaq a day earlier.
* Citigroup said Thursday it will suspend foreclosures and evictions for 30 days until Jan. 17 for roughly 4,000 borrowers during the holiday season. Shares of C tumbled 7.3 percent to $3.20 on the news. Citi is down almost 20 percent alone this week.
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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