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Headwaters Incorporated (NYSE:HW) was The Top Mover

Headwaters Incorporated (NYSE:HW) was The Top Mover

 

Penny Stock Pick Alert




(EMAILWIRE.COM, October 14, 2009 ) Dallas, TX - Headwaters Incorporated (NYSE:HW) was one of the top traded stocks and jumped up more than 10.18% to $4.33 on high volume of 2.96 million shares. Headwaters Inc.'s (HW) fiscal fourth-quarter results will show "signs of stabilization" in some sales areas and reflect savings from cost-reduction initiatives implemented during fiscal 2009, the company said in a filing with the Securities and Exchange Commission. Today it announced that it intends to offer $280 million aggregate principal amount of senior secured notes due 2014. The notes will be senior secured obligations of Headwaters and will be guaranteed by certain of Headwaters’ existing and future domestic subsidiaries.

Lennar Corporation (NYSE:LEN) rallied 5.51% and the last traded price was $15.13 with a total traded quantity of over 8.72 million shares driven by demand for Homebuilders stocks in today’s trade. Lennar Corporation is a homebuilder and a provider of financial services. The Company operates in four segments: Homebuilding East, Homebuilding Central, Homebuilding West and Homebuilding Houston.

Cosan Limited (NYSE:CZZ) was among the most active stocks. The stock increased over 5.24% and closed at $8.43 with over 2.50 million shares being traded. The stock has a 52-week range of $2.03-$8.61. So far this year the stock has rallied over 140%. Cosan Limited is a global ethanol and sugar company. The Company owns and operates a sugar-loading terminal at the Port of Santos, through its subsidiary Rumo Logistica S.A. (Rumo).

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