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PMI, HRP, ZION were Biggest Financial Stocks Losers as reported by Penny Stock Pick Alert

Penny Stock Pick Alert reports that Biggest Financial Stocks Losers were The PMI Group, HRPT Properties Trust and Zions Bancorporation.

 



(EMAILWIRE.COM, November 11, 2009 ) Dallas, TX- The PMI Group, Inc. (NYSE:PMI) decreased 2.62% to close at $2.23. The stock hit an intraday high and an intraday low of $2.31 and $2.10 respectively. In the last six months the stock went up over 19%. The PMI Group, Inc. provides residential mortgage insurance products designed to promote homeownership. During the year ended December 31, 2008, the Company operated in four segments: United States Mortgage Insurance Operations, International Operations, Financial Guaranty, and Corporate and other.

HRPT Properties Trust (NYSE:HRP) plunged 7.53% to close at $6.63 on over 6.27 million shares after the company reported third-quarter results that put it on pace to largely meet our full-year expectations. For the quarter, revenue fell 2% and earnings before interest, taxes, depreciation, and amortization fell 4%. Other metrics also showed the weak economy's negative impact on HRPT's leasing operations. Occupancy fell to 88.0%, down 260 basis points from a year ago and down 110 basis points sequentially.

Zions Bancorporation (NASDAQ:ZION) decreased 7.60% to end the day at $13.26. The stock hit an intraday high and an intraday low of $14.33 and $13.23 respectively. In the last six months the stock went down over 34%. Zions Bancorporation is a financial holding company. The Company provides a range of banking and related services through its banking and other subsidiaries, primarily in Utah, California, Texas, Arizona, Nevada, Colorado, Idaho, Washington and Oregon.

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