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PL, BEE, ABK were Biggest Financial Stocks Losers : by Penny Stock Pick Alert

Protective ,Strategic Hotels, Ambac were the Biggest Financial Stocks Losers as reported by Penny Stock Pick Alert.

 



(EMAILWIRE.COM, November 06, 2009 ) Dallas, TX - Protective Life Corp. (NYSE:PL) was one of the most active losers in today`s trading session as it plunged over 18.77% to $15.80 on a volume of 7.60 million shares after the company yesterday reported results for the third quarter of 2009. Net income for the third quarter of 2009 was $27.6 million, or $0.32 per average diluted share, compared to a net loss of $100.0 million, or $1.41 per average diluted share, in the third quarter of 2008. Operating income, after-tax, for the third quarter of 2009 was $47.9 million, or $0.55 per average diluted share, compared to $62.5 million, or $0.88 per average diluted share, in the third quarter of 2008.


Strategic Hotels & Resorts Inc. (NYSE:BEE) declined 4.17% to $1.61 on a volume of 1.95 million shares after the company yesterday reported results for the third quarter ended September 30, 2009. The company reported third quarter net loss attributable to common shareholders of $73.5 million or $0.97 per diluted share, compared with net loss attributable to common shareholders of $65.7 million, or $0.88 per diluted share, for the third quarter of 2008.


Ambac Financial Group, Inc. (NYSE:ABK) decreased 20% to $1.20 on over 62.23 million shares. The stock hit an intraday high and an intraday low of $1.44 and $1.16 respectively. Ambac Financial Group, Inc. is a primarily a holding company. The Company, through its subsidiaries, provides financial guarantees and financial services to clients in both the public and private sectors worldwide. Ambac’s activities are divided into two business segments.


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The website alerts investors on Top Stocks that would help investors to generate higher than average returns. These include various types of stocks with huge volume, penny stocks that are moving to the upside quickly, penny stocks with buy signals and companies with news. Our regular Stock pick Alerts helps investors to achieve incredible results in a short amount of time .


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