Tuesday, May 25, 2010

Intraday action

So the indexes are off their lows, though that could change by the time I finish writing this.  This 12% pullback has turned the DJIA's 70% rally off last March's lows into a 50% rally.

Among the few gainers today are Genzyme(GENZ), up on FDA approval of a treatment for a treatment for pompe disease.  Autozone(AZO) is up after a great quarter, and AK Steel is up on a few brokerage upgrades.

Among losers today is Diamondrock Hospitality(DRH), a hotel REIT that  - I'm serious - picked today to announced the pricing terms of a follow-on stock offering.

Copyright 2010 AlphaNinja

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