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Genco Shipping & Trading Ltd. (NYSE: GNK) shares closed down 16.19 percent on Tuesday with about 7 million shares traded. The stock was one of the biggest decliners on the NYSE. The big drop came following a Wall Street Journal report the two are undertaking restructuring advice to cull debt from their balance sheets. TheStreet Ratings team rates Genco Shipping & Trading as a Sell with a ratings score of D.
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Federal National Mortgage Association (OTCBB: FNMA) shares closed up 6 percent on Tuesday with about 14 million shares traded. Clea Benson for Bloomberg reported that Fannie Mae / Federal National Mortgage Association OTCBB:FNMA and Freddie Mac / Federal Home Loan Mortgage Corp OTCBB:FMCC will increase the rates they charge to guarantee home loans to make their services less competitive and decrease their presence in the secondary mortgage market.
Get more information on Federal National Mortgage Association and free access to the in-depth equity report at: www.TrendingWallStreet.com/stockquote/FNMA
OCZ Technology Group, Inc. (NASDAQ: OCZ) shares closed down 29.65 percent on Tuesday with about 8.4 million shares traded. The stock was one of the biggest losers on the NASDAQ. The company has recently sold its assets to Toshiba for $35 million in a bankruptcy proceeding.
Get more information on OCZ Technology Group, Inc. and free access to the in-depth equity report at: www.TrendingWallStreet.com/stockquote/OCZ
Lumber Liquidators Holdings, Inc. (NYSE: LL) shares closed down 13.66 percent on Tuesday with about 5.6 million shares traded. The stock had one of the biggest declines on the NYSE. The fall came after the company posted a disappointing outlook in its quarterly report. The Company issued an updated EPS outlook for the current year of $2.72-$2.75, against estimates of $2.76, while its fourth-quarter outlook was $0.69-$0.72, below the consensus. For 2014, it sees EPS of $3.25-$3.60, versus estimates of $3.50.
Get more information on Lumber Liquidators Holdings, Inc. and free access to the in-depth equity report at: www.TrendingWallStreet.com/stockquote/LL
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