Sunrise Senior Living, Inc. (NYSE:SRZ) Was The Most Active Stock On NYSE
Valassis Communications, Inc. (NYSE:VCI) Was Also The Most Active Stock On NYSE
(EMAILWIRE.COM, July 30, 2009 ) New York, NY - PennyStockPickAlert is pleased to alert investors of stocks on the move.
Valassis Communications, Inc. (NYSE:VCI) saw a very steady upward movement during the trading hours. After opening at $9.31, it touched an intraday high of $11.34 and closed up around 30% at $10.80 on massive volume of 2.21 million shares.
Valassis Communications Inc (VCI.N), a distributor of newspaper inserts, posted a more than two-fold rise in quarterly profit on high client retention and reduced expenses, sending its shares up 26 percent.Second-quarter net income rose to $15.9 million, or 33 cents a share, from $6.6 million, or 14 cents a share, a year ago.Excluding a gain of 2 cents a share, the company's earnings of 31 cents a share blew past analysts' expectations of 13 cents a share, according to Reuters Estimates. Revenue fell 9 percent to $544.0 million as clients kept a close eye on marketing budgets amid the economic uncertainty, and was a shade below analysts' expectations of $546.1 million. Selling, general and administrative costs were cut 11 percent to $86.7 million in the quarter. The company raised its full-year adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) view to $245.0 million from $215.0 million.
Sunrise Senior Living, Inc. (NYSE:SRZ) saw an increased buying interest after following the company's boost of its yearly guidance and soothing comments about troubled senior housing tenant Sunrise Senior Living Inc. (SRZ). Today, it jumped up about 20% to $1.93 on 2.31 million shares. During the day it touched an intraday high and low of $1.65 and $1.95. Sunrise Senior Living, Inc. (Sunrise) is a provider of senior living services in the United States, Canada, the United Kingdom and Germany. The Company offers a range of personalized senior living services, including independent living, assisted living, care for individuals with Alzheimer’s and other forms of memory loss, nursing and rehabilitative care. It is also engaged in developing senior living communities for itself, for ventures in which it retains an ownership interests and for the third parties. During the year ended December 31, 2008, the Company operated 435 communities, including 391 communities in the United States, 15 communities in Canada, 20 communities in the United Kingdom and nine communities in Germany, with a total resident capacity of approximately 54,340. Of the 435 communities, 47 were wholly owned, 15 were under operating leases, 10 were consolidated as a variable interest entity, 203 were owned in unconsolidated ventures and 160 were owned by third parties.
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Valassis Communications, Inc. (NYSE:VCI) saw a very steady upward movement during the trading hours. After opening at $9.31, it touched an intraday high of $11.34 and closed up around 30% at $10.80 on massive volume of 2.21 million shares.
Valassis Communications Inc (VCI.N), a distributor of newspaper inserts, posted a more than two-fold rise in quarterly profit on high client retention and reduced expenses, sending its shares up 26 percent.Second-quarter net income rose to $15.9 million, or 33 cents a share, from $6.6 million, or 14 cents a share, a year ago.Excluding a gain of 2 cents a share, the company's earnings of 31 cents a share blew past analysts' expectations of 13 cents a share, according to Reuters Estimates. Revenue fell 9 percent to $544.0 million as clients kept a close eye on marketing budgets amid the economic uncertainty, and was a shade below analysts' expectations of $546.1 million. Selling, general and administrative costs were cut 11 percent to $86.7 million in the quarter. The company raised its full-year adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) view to $245.0 million from $215.0 million.
Sunrise Senior Living, Inc. (NYSE:SRZ) saw an increased buying interest after following the company's boost of its yearly guidance and soothing comments about troubled senior housing tenant Sunrise Senior Living Inc. (SRZ). Today, it jumped up about 20% to $1.93 on 2.31 million shares. During the day it touched an intraday high and low of $1.65 and $1.95. Sunrise Senior Living, Inc. (Sunrise) is a provider of senior living services in the United States, Canada, the United Kingdom and Germany. The Company offers a range of personalized senior living services, including independent living, assisted living, care for individuals with Alzheimer’s and other forms of memory loss, nursing and rehabilitative care. It is also engaged in developing senior living communities for itself, for ventures in which it retains an ownership interests and for the third parties. During the year ended December 31, 2008, the Company operated 435 communities, including 391 communities in the United States, 15 communities in Canada, 20 communities in the United Kingdom and nine communities in Germany, with a total resident capacity of approximately 54,340. Of the 435 communities, 47 were wholly owned, 15 were under operating leases, 10 were consolidated as a variable interest entity, 203 were owned in unconsolidated ventures and 160 were owned by third parties.
Penny Stock Pick Alert alerts its members on stocks that could generate higher than average returns. These include stocks with huge volume, penny stocks that are moving to the upside quickly, hot penny stocks with buy signals and companies with news. Our penny stock newsletter is well known for producing incredible results in a short amount of time and our members have made outstanding profits of over 100%. We encourage investors to join our FREE e-mail alerts by visiting Penny Stock Pick Alert
ABOUT Penny Stock Pick Alert
Investors who are interested in hot stocks on the move and making money in the stock market can receive FREE Alerts by visiting Penny Stock Pick Alert PennyStockPickAlert.com is a leading stock web site that provides free stock alerts on stocks that are poised to make big gains. PennyStockPickAlert.com also tracks small cap penny stocks that could be on the brink of a massive breakout. To feature a company on our web site please contact us at info@PennyStockPickAlert.com
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