Top Growth Stocks - American International Group, Inc. (NYSE:AIG)
Top Growth Stocks - American International Group, Inc. (NYSE:AIG)
(EMAILWIRE.COM, October 07, 2009 ) http://www.PennyStockPickAlert.com is a leading stock web site that provides free alerts on great stocks that are poised to make big gains.
American International Group, Inc. (NYSE:AIG) was among the top percentage gainer and surged 4.87% to $44.83 on over 44.95 million shares. American International Group Inc.’s (NYSE:AIG, $44.63, +$1.88, 4.40%) stock could double or more if the government eases its harsh lending terms and reduces its equity stake, UBS said. If it doesn’t, the shares are likely to fall. “At this stage, the downside scenario seems more probable to us.” The firm reinstated coverage with a neutral rating and $44 price target. CEO Robert Benmosche will seek more reasonable government terms, UBS predicted, but Congress may not act and, alas, the upside scenario is largely dependent on government action, the firm said.
Comstock Resources, Inc. (NYSE:CRK) gained 8.94% and the last traded price was $43.12 with a total traded quantity of over 1.36million shares . Comstock Resources, Inc. announced that it has priced an underwritten public offering of $300.0 million of senior notes due 2017, which will bear interest at a rate of 8 3/8% per annum. The notes are being sold at 98.571% of par, which equates to an effective yield to maturity of approximately 8 5/8%. Comstock expects to close the sale of the notes on October 9, 2009. Comstock intends to use the net proceeds of the offering to repay outstanding borrowings under its bank credit facility and for other general corporate purposes. Banc of America Securities LLC is acting as the lead joint book running manager for the offering.
Venoco, Inc. (NYSE:VQ) was among the most active stocks. The stock increased over 10% and closed at $13.53 with over 1.13 million shares being traded. Yesterday, Venoco Inc. has privately sold $150 million in senior notes to repay debt. The Denver-based oil and gas company (NYSE: VQ) priced the unsecured notes at 95.03 percent of principal. The 11.5 percent notes mature on Oct. 1, 2017.
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American International Group, Inc. (NYSE:AIG) was among the top percentage gainer and surged 4.87% to $44.83 on over 44.95 million shares. American International Group Inc.’s (NYSE:AIG, $44.63, +$1.88, 4.40%) stock could double or more if the government eases its harsh lending terms and reduces its equity stake, UBS said. If it doesn’t, the shares are likely to fall. “At this stage, the downside scenario seems more probable to us.” The firm reinstated coverage with a neutral rating and $44 price target. CEO Robert Benmosche will seek more reasonable government terms, UBS predicted, but Congress may not act and, alas, the upside scenario is largely dependent on government action, the firm said.
Comstock Resources, Inc. (NYSE:CRK) gained 8.94% and the last traded price was $43.12 with a total traded quantity of over 1.36million shares . Comstock Resources, Inc. announced that it has priced an underwritten public offering of $300.0 million of senior notes due 2017, which will bear interest at a rate of 8 3/8% per annum. The notes are being sold at 98.571% of par, which equates to an effective yield to maturity of approximately 8 5/8%. Comstock expects to close the sale of the notes on October 9, 2009. Comstock intends to use the net proceeds of the offering to repay outstanding borrowings under its bank credit facility and for other general corporate purposes. Banc of America Securities LLC is acting as the lead joint book running manager for the offering.
Venoco, Inc. (NYSE:VQ) was among the most active stocks. The stock increased over 10% and closed at $13.53 with over 1.13 million shares being traded. Yesterday, Venoco Inc. has privately sold $150 million in senior notes to repay debt. The Denver-based oil and gas company (NYSE: VQ) priced the unsecured notes at 95.03 percent of principal. The 11.5 percent notes mature on Oct. 1, 2017.
ABOUT PennyStockPickAlert.com
Penny Stock Pick Alerts by PennyStockPickAlert.com. We are a leading stock web site that provides free alerts on top penny stocks that are poised to make big gains. We also tracks small cap penny stocks that could be on the brink of a massive breakou
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Jim
Tel: 214 556 6798
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
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