Dallas, TX 12/10/2009 4:42:27 PM
News / Business

Most Active Stock Movers were NYSE: C, BAC, S

Active Stock Movers

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CITIGROUP INC(NYSE:C) declined 1.28% to $3.86 on 399.89 million shares after Dow Jones reported that Citicorp Finance India Ltd., a unit of Citigroup Inc., sold its entire 8.77% stake in Rain Commodities Limited for about INR1.09 billion through bulk deals. Citicorp sold about 6.209 million shares for INR176 each. Citigroup Global Markets Mauritius Pvt. Ltd. bought about 1.0 million shares, while two Reliance Capital Trust funds together acquired 3.0 million shares, lifting Reliance Capital Trust's stake in the Company to about 8.8%. Reliance Capital Trustee Co. had a stake of 4.56% as of September 30, 2009.

 

Bank of America Corporation (NYSE:BAC) plunged 0.13% to $15.39 on 199.47 million shares after Bank of America Corporation announced the holding interest of 37,709,467 ordinary shares representing 5.14% of issued share capital in Arrow Energy Limited. Dow Jones reported that LyondellBasell Industries AF has reached a deal with a group of banks, including Citigroup Inc. and UBS AG, that could settle a lawsuit in its bankruptcy case but that still leaves key players in the lawsuit facing claims.

 

Sprint Nextel Corporation (NYSE:S) was up 5.63% to $4.13 on 145.58 million shares after the company was downgraded from Buy to Neutral by Pali Research. Sprint Nextel Corporation is a holding company that offers a range of wireless and wireline communications products and services for individual consumers, businesses and government customers. The Company conducts its operations through two segments: Wireless and Wireline.

 

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