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VRS, CRY, CIT were Among the Biggest Percentage Losers on NYSE as Reported by Penny Stock Pick Alert

Verso Paper Corp. NYSE:VRS was among the active losers in today`s trading session

 



(EMAILWIRE.COM, October 30, 2009 ) Dallas, TX - Verso Paper Corp. (NYSE:VRS) was among the active losers in today`s trading session as it plunged over 13.62% to close at $2.41 on huge volume of over 873K shares. The stock fell more than 29% over the past five trading sessions after the company announced on Oct 21, 2009 that it will report its financial results for the third quarter ended September 30, 2009, in a news release before the market opens on Thursday, November 5. Verso Paper Corp. is a North American supplier of coated papers to catalog and magazine publishers.

CryoLife, Inc. (NYSE:CRY) plunged $0.82 or 11.90% to close at $6.07 on a volume of over 574K shares after the company today posted a lower quarterly profit, and said its 2009 earnings would be lower than a year ago when it recognized significant income tax benefits, sending its shares down as much as 8 percent. For the third quarter, the company posted net income of $1.9 million, or 7 cents a share, compared with $3.6 million, or 12 cents a share, a year earlier. Excluding a tax benefit, net income in the year-ago quarter would have been 8 cents a share.

CIT Group Inc. (NYSE:CIT) was also the active loser in today’s trading session and fell 10.38% to end the day at $0.950 on volume of over 90.09 million shares after CIT Group Inc. announced yesterday a modification of its Amended Offering Memorandum that will accelerate changes to its Board of Directors in a potential prepackaged plan of reorganization scenario. Immediately upon effectiveness of CIT's plan of reorganization, a majority of the Directors will be individuals who were identified by bondholders.


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