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Stock News - NYSE: NYB, KR, GE are Biggest Volume Losers
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New York Community Bancorp, Inc. (NYSE:NYB) plunges 4.10% to $12.85 on 5.39 million shares after the company announced that it has priced its underwritten public offering of 60 million shares of its common stock at a price to the public of $13.00 per share. The offering is expected to close on December 11, 2009. The proceeds from the offering will qualify as tangible common equity and Tier 1 regulatory capital, and will be used by the Company for general corporate purposes, including capitalizing the growth stemming from its acquisition, last Friday, of the deposits and certain assets of AmTrust Bank.
The Kroger Co. (NYSE:KR) is down 12.52% to $19.99 on 2.11 million shares after the company lowered its fiscal 2009 guidance and expects identical supermarket sales growth of 2.0% to 2.5%, without fuel and earnings to be in the range of $1.60-$1.70 per diluted share (EPS). This guidance excludes the southern
General Electric Company (NYSE:GE) declines 1.81% to $15.79. The stock is up over 177% from its 52-week low and has a market capitalization of $171.21 billion. In the last six months the stock went up over 16%. General Electric Company is a diversified technology, media and financial services company. Its products and services include aircraft engines, power generation, water processing, security technology, medical imaging, business and consumer financing, media content and industrial products.
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