Today, 3/13/09, there are a few penny stock gainers breaking out to the upside. Be sure to check out the Top 2009 Penny Stock Gainers on the NYSE, Nasdaq, and AMEX. We tend to stay away from OTC and Pink Sheets stocks, especially in this environment! You can find ALL Penny Stock Reports Here
Penny Stock Gainers - March 13, 2009
Caraustar Industries (CSAR) - $0.07 Up 51.17% - No News
Champion Enterprises ( CHB ) - $0.17 Up 41.97% - No News
GSI Group ( GSIG ) - $0.70 Up 27.25% - No News
Phoenix Companies ( PNX ) - $0.47 Up 23.93% - No News
MGIC Investment ( MTG ) - $1.04 Up 21.51% - Fitch places MGIC ratings on negative watch
Colonial Bancgroup ( CNB ) - $0.55 Up 17.02% - No News
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
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Showing posts with label cnb. Show all posts
Showing posts with label cnb. Show all posts
Friday, March 13, 2009
Tuesday, December 2, 2008
CNB: Today's Hot Stock 12/02/08 - NYSE
This afternoon, 12/2/08, Colonial Bancgroup ( CNB ) is exploding to the upside as the Treasury is giving the company $550 million. CNB is one of the biggest gainers for December 2, 2008, in the stock market. CNB Stock is up 50% to $3.00 per share.
The Colonial BancGroup, Inc. (CNB) today announced that it has received preliminary approval to participate in the United States Treasury Department's capital purchase program. Colonial BancGroup will receive $550 million from the Emergency Economic Stabilization Act of 2008 aimed at enhancing the economy by restoring liquidity and increasing financing to businesses and consumers. The preliminary approval is subject to certain conditions and the execution of definitive agreements.
In exchange for its investment, the Treasury will receive shares of Colonial BancGroup preferred stock which will pay a 5% dividend for the first five years. If the shares are not redeemed by Colonial within five years, Colonial will pay the government dividends at a 9% annual rate. The U.S. Treasury will also receive warrants to purchase shares of Colonial BancGroup common stock for 10 years.
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The Colonial BancGroup, Inc. (CNB) today announced that it has received preliminary approval to participate in the United States Treasury Department's capital purchase program. Colonial BancGroup will receive $550 million from the Emergency Economic Stabilization Act of 2008 aimed at enhancing the economy by restoring liquidity and increasing financing to businesses and consumers. The preliminary approval is subject to certain conditions and the execution of definitive agreements.
In exchange for its investment, the Treasury will receive shares of Colonial BancGroup preferred stock which will pay a 5% dividend for the first five years. If the shares are not redeemed by Colonial within five years, Colonial will pay the government dividends at a 9% annual rate. The U.S. Treasury will also receive warrants to purchase shares of Colonial BancGroup common stock for 10 years.
For More Stock Market Updates, visit , http://daytradingstockblog.blogspot.com/ or Subscribe for FREE and get my posts right on your homepage or emailed to you.
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