Potential Bounce Candidates: GCO, ABH, MF
Potential Bounce Candidates: Theses stocks were sold off aggressively recently and traders will look for possible bounces in the stocks in the days ahead. Of course, they can continue lower.
Genesco (NYSE: GCO) sank over 17% today on news they may reach an agreement for the settlement of all litigation among the parties relating to the proposed merger of Finish Line and Genesco and UBS's financing of the deal. Some shareholders, including the company's largest, were upset with the deal.
Abitibibowater, Inc. (NYSE: ABH) is down over $5 (41%) since reporting results on Feb 28th. The stock has been under significant pressure due to soft demand for newsprint and wood products. Today the stock was down another 6.5%
MF Global (NYSE: MF) fell 28% on Thursday and another 17% Friday following the disclosure of unauthorized trading by a registered representative in one of its U.S. branch offices resulting in a loss of $141.5 million. Today the stock was up 12%. Executives of the company have been aggressively buying the stock in a vote of confidence recently.
Create E-mail AlertRelated Categories
Special ReportsStocks Mentioned
-0.82
+0.55Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
