Monday, November 15, 2010

Notable Stock Movers (SHFL, VSH, GGP)

Shuffle Master, Inc. (NASDAQ:SHFL) added 0.60% to $10.04 on unusual volumes. Leap Forward Gaming, Inc. (LFG) of Reno, NV announced that they have formed a strategic alliance with Shuffle Master, Inc. Vishay Intertechnology (NYSE:VSH) fell 0.22% to $13.59 on strong volumes. The company announced the closing of its offering of $275 million principal amount of 2.25% convertible senior debentures due 2040. The debentures were offered and sold to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The 52-week range of the stock is $6.85-$14.40. General Growth Properties, Inc (NYSE:GGP) went up 1.36% to $15.65 on massive volumes. This week, the company said that it planned to resume paying dividends early next year, after the second-largest U.S. mall operator emerged from bankruptcy and spun off a new company, Howard Hughes Corp. Citing a higher-than-expected cash stake, General Growth also said it expects to retire $570 million of obligations by paying cash, avoiding the potential issuance of more than 50 million common shares. Disclaimer: The assembled information distributed by epicstockpicks.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Epicstockpicks.com does expect that investors will buy and sell securities based on information assembled and presented herein. EpicStockPicks.com will not be responsible in any way for or accept any liability for any losses arising from an investor's reliance on or use of information obtained from our website or emails. PLEASE always do your own due diligence, and consult your financial advisor.
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