Stock Trading Alert - RSO, PIP, SWY are Top Volume Losers

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Resource Capital Corp. (NYSE:RSO) is down 8.81% to $4.45 on 1.99 million shares after the company announced that it has priced a public offering of 10 million shares of its common stock at $4.50 per share. Proceeds to the Company, after the underwriting discount but before expenses, will be approximately $42.5 million. FBR Capital Markets & Co. acted as sole book-running manager and JMP Securities LLC acted as co-manager for this offering.

PharmAthene, Inc. (AMEX:PIP) plunges 50.61% to $1.61 on 1.33 million shares after the company  announced that the Department of Health and Human Services Biomedical Research and Development Authority (BARDA) has canceled its request for proposal (RFP) for Recombinant Protective Antigen Anthrax Vaccine for the Strategic National Stockpile (RFP BARDA 08-15). PharmAthene, Inc. was informed of BARDA's decision during a meeting late Monday afternoon with BARDA representatives.

Safeway Inc. (NYSE:SWY) declines 7.89% to $20.66 on 1.19 million shares. The stock is up over 21% from its 52-week low and has a market capitalization of $9.12 billion. In the last five trading sessions the stock went down over 10%. Safeway Inc. is a food and drug retailer in North America. During the fiscal year ended January 3, 2009 (fiscal 2008), the Company operated its business from 1,739 stores.

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