Morning Movers 11/27: HEB, FAZ, QLTI Higher; ING, LYG, GNV, GAF Lower
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ING Groep (NYSE: ING) 18.1% LOWER; falling as investors are concerned with the banks exposure to the Dubai market. The stock traded yesterday in London, falling, and today the ADR is catching up.
Lloyds Banking Group (NYSE: LYG) 11% LOWER; trading lower for similar reasons as ING.
GSC Investment Corp. (NYSE: GNV) 10.9% LOWER; the stock has fallen everyday of this week's holiday-shortened session, and is continuing lower today with the broader markets which are being pushed down by Dubai concerns.
Hemispherx BioPharma (AMEX: HEB) 10.8% HIGHER; moving higher on strong momentum to the upside.
Direxion Daily Financial Bear 3x ETF (NYSE: FAZ) 6.3% HIGHER; financial stocks were among the hardest hit by the Dubai news, so shares of this bear ETF are moving up.
QLT Inc. (Nasdaq: QLTI) 5.6% HIGHER; RBC Capital upgraded the stock from Sector Perform to Outperform. The firm also boosted it's price target from $4.50 to $6.
SPDR S&P Emerging Middle East & Africa ETF (NYSE: GAF) 4.1% LOWER; Dubai World debt worries weighing.
To get this report daily, visit http://www.streetinsider.com/entities/Morning+Movers.
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