NYSE Stocks Slipping & Running (PAR, EEE, ABK, GUT, CVO)
3PAR Inc. (NYSE: PAR) - Par is up today to new 52- week highs as the company received a bid from Hewlett-Packard (HPQ) for the company over Dell’s (DELL) original bid. The company is now trading at $25.61 at the high. Will a bidding war bring the companies stock higher? Stay tuned.
Evergreen Energy Inc. (NYSE: EEE) - EEE is a cleaner coal technology, energy production and environmental solutions company focused on developing technologies. The stock is coming back up today after it released its divided last week. The stock is up to a high of $1.67 in trading so far.
Ambac Financial Group, Inc. (NYSE: ABK) - ABK came up off its 52-week lows last Friday as a good volume play while the company is preparing for bankruptcy. The stock is trading lower again today to $.45 at the low so far. Will ABK continue trading down to a new low or will it bounce on high volume? Stay tuned.
Gabelli Utility Trust (NYSE: GUT) - GUT is a non-diversified, closed-end management investment company. GUT reaffirmed the price of distribution of $.06 per share stocks in mid September. The sock is trading down today to a new 52-week low of $6.41 so far.
Cenveo, Inc. (NYSE: CVO) - CVO is down today as the company announce that they will not be acquiring assets from an auction. The stock is trading down to $5.63 at the low so far today after large gains last week. CVO is a diversified printing company in North America.
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