Market Overview

NYSE Major Gainers (FAC, OEH, QTM, HYC, BID)

First Acceptance Corporation (NYSE: FAC) stock is up by 13.33% today from its closing price of $1.95 yesterday. The stock was trading at $2.21 at the last check after reaching a high for the day of $2.22. The stock has had a 52 week range of $1.66-$3.45.

Orient-Express Hotels Ltd (NYSE: OEH) is up 8.86% from its closing price of $10.05 yesterday. The stock reached a high of $11.04 and was trading at $10.93 at last check today. The company had announced on Monday about its expansion plan in Italy. The Company has signed a binding agreement to purchase two distinctive properties in Taormina and Sicily from The Framon Group subject to completion conditions. Under the agreement, scheduled for completion in late January, Orient-Express Hotels will acquire both properties for a combined price of EUR81 million ($117 million) including the assumption of existing financing of EUR44 million ($64 million), a new medium term bank loan of EUR6 million ($9 million) and vendor financing of EUR5 million ($7 million). The hotels will reopen to Orient-Express Hotels' standard in time for the 2010 summer season. The company also announced yesterday the pricing of its public offering of 12 million Class A common shares at a price of $10 per share.

Quantam Corporation (NYSE: QTM) stock is up 8.30% from yesterday’s closing price of $2.65. The stock was trading at $2.87 at last check. The stock reached a high of $2.90 in today’s trading. The Quantam stock has had a 52 week range of $0.24-$3.15. The company announced yesterday that it will release its financial results for the third quarter of fiscal 2010 on January 28, 2010.

Hypercom Corporation (NYSE: HYC) stock is up 8.16% today from its closing price of $3.31 yesterday. At last check the stock was trading at $3.58 after it reached a high of $3.67 in today’s trading. Hypercom announced today that its CFO Thomas B. Sabol will present at the 12th Annual Needham Growth Stock Conference on Thursady at the New York Hotel. The company had announced on January 7 that both its high security L4150 multilane payment terminal and L4150 Secure Keypad are PCI PTS 2.1 approved. Hypercom is currently exhibiting the popular products at the National Retail Federation 99th Annual Convention and Expo in New York City that ends today.

Sotheby’s (NYSE: BID) stock is up 7.25% from its closing price of $23.59 yesterday. The stock reached a high of $25.83 in today’s trading and was trading at $25.24 at last check. The company’s sale of Impressionist & Modern Art on Wednesday, February 3, 2010 will be the first ever London sale of its kind to include three works individually estimated to realize more than £10 million. This will follow Sotheby's November 4, 2009 evening sale of Impressionist and Modern art in New York which was a resounding success, surpassing the high estimate and bringing a total of $181,760,000.

Posted-In: Movers

 

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