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Market Overview

Top Volume Gainers (GNW,RF,DRYS,LVS,MGM)

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Genworth Financial, Inc. (NYSE: GNW) is the top traded stock and surged 10% to $13.26 on 43.55 million shares against an average volume of 25.24 million shares after the Company announced that it has priced a public offering of 48.0 million shares of its class A common stock at a public offer price of $11.75 per share.

Regions Financial Corporation (NYSE: RF) soared 9.57% to $6.64 on 34.23 million shares on no news. Till now ,in the last five trading sessions the stock has jumped up over 20%.

DryShips Inc. (NASDAQ: DRYS) fell $0.62 or 8.56% to $7.61 on 26.48 million shares on no news. In the last five trading sessions the stock has jumped up over 29%.

Las Vegas Sands Corp. (NYSE: LVS) spurted 3.53% and now trades at $20.25 with a huge volume of 47.64 million shares . On Monday , Bank of America raised its rating from Neutral to Buy. The firm sees the Asian economy improving and expects this to lead to more patrons at Las Vegas Sands' overseas properties in the coming quarters. With the upgrade, the firm set a price target of $21 per share and is projecting an EPS of $0.38 per share in 2010.

MGM MIRAGE (NYSE: MGM) added $0.68 or 5.10% and now trades at $14.05 on 47.10 million shares against its average daily volume of 36.98 million shares. Yesterday, it climbed over 8%

 

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