Notable ETF Movers of the Day 11/14: (SOCL) Higher; (GDX) (XLF) Lower

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Facebook (FB) Continues to Ramp; 'Short Squeeze' in Effect

November 14, 2012 2:34 PM EST

Shares of Facebook, Inc. (NASDAQ: FB) continue to march higher, in what some are now calling a short squeeze. The squeeze is happening despite a fresh 852 million Facebook shares freeing up to be sold in today's IPO lock-up expiration.

The... More

BofA (BAC) Pressures MBIA to Avoid Payments... And It's Working

November 14, 2012 11:52 AM EST

MBIA (NYSE: MBI) found itself 19 percent lower Tuesday following Bank of America (NYSE: BAC) making offer to acquire all of MBIA's 5.7 percent bonds due December 2034, in an effort to alter the fate of the insurer and its MBIA Insurance Corp unit.

BofA is looking to buy over $320 million of MBIA bonds to block MBIA from further distancing itself form its ailing... More