Among the biggest losers in Tuesday’s early trading are Ambac Financial (NYSE: ABK), Fidelity National Info (NYSE: FIS) and Netease.com (Nasdaq: NTES). Top Percentage Losers — Tuesday, May 18, 2010 Company Name (Ticker) Intra-Day Price Intra-Day % Loss 52-Week High 52-Week Low Ambac Financial (NYSE: ABK) $1.27 -13.7% $3.39 $0.51 Netease.com (Nasdaq: NTES) $30.39 -5.5% $28.54 $18.02 Fidelity National (NYSE: FIS) $27.67 -4.2% $30.78 $18.25 *Table includes companies with minimum market capitalizations of $200 million and three month trading volumes of at least 100,000 shares. All… Read More
Among the biggest losers in Tuesday’s early trading are Ambac Financial (NYSE: ABK), Fidelity National Info (NYSE: FIS) and Netease.com (Nasdaq: NTES). Top Percentage Losers — Tuesday, May 18, 2010 Company Name (Ticker) Intra-Day Price Intra-Day % Loss 52-Week High 52-Week Low Ambac Financial (NYSE: ABK) $1.27 -13.7% $3.39 $0.51 Netease.com (Nasdaq: NTES) $30.39 -5.5% $28.54 $18.02 Fidelity National (NYSE: FIS) $27.67 -4.2% $30.78 $18.25 *Table includes companies with minimum market capitalizations of $200 million and three month trading volumes of at least 100,000 shares. All percentage returns are listed as of 11:14AM Eastern Standard Time. Click on ticker symbols for up-to-the-minute price quotes and percentage gain data. Ambac’s Pain Spells Opportunity for Rival As we noted a week ago, bond insurer MBIA (NYSE: MBI) is on the ropes, creating an opportunity for rival Assured Guaranty (NYSE: AGO). Investors failed to heed that advice, as AGO’s shares have fallen roughly -10% since then. Well, another data point just underscored the bullish investment thesis for AGO. Rival Ambac Financial (NYSE: ABK)… Read More