5 – Principal Financial Group – NYSE:PFG
4 – Genworth Financial – NYSE:GNW
3 – Research In Motion Limited – NASDAQ:RIMM
2 – Bank of the Carolinas – NASDAQ:BCAR
1 – Citigroup – NYSE:C
* Principal Financial Group is the first stock on the HIGH 5 after climbing .10 percent to $25.46 in the latest trading session on Christmas Eve.
* In a largely expected move, S&P lowered its ratings on several mortgage insurance groups last week, including Genworth Financial. Shares of GNW rose 1 percent to $11.90 ahead of the Christmas holiday.
* On Christmas Eve, a Kaufman Bros. analyst said in a bulletin that Research In Motion had fixed various network issues that had affected service for the company's BlackBerry product over the preceding days. He also said that concerns about the network problems were "overblown" and said he would take advantage of recent weakness in RIMM shares. RIMM fell 1 percent to $66.92 on Thursday.
* Bank of the Carolinas is the #2 stock on the HIGH 5 after shedding .40 percent to $4.95 on the Nasdaq last Thursday.
* Citigroup on Wednesday repaid $20 billion in bailout money and also received government approval to pay executives what it wants. Shares of C rose 1.8 percent to $3.35 on the NYSE last Thursday.
###
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