Tuesday, May 25, 2010
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.
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Posted by Brendan Wagner at 10:11 AM