Top 20 Stocks That Popped After Citi’s News On Being Profitable
With the Dow putting up 379 points today we saw many stocks popping up higher. Massive short covering fueled the rally with Dow, SP500 and Nasdaq closing at 5.80%, 6.37% and 7.07% respectively.
Citibank (C) was the reason for markets to cheer after its Chief Executive Officer commented, the Company was profitable in the first two months of 2009 and is confident about its capital strength. The Company said revenue in January and February was $19 billion, excluding various writedowns, versus a quarterly average of $21 billion as adjusted in 2008.
Below is the list of top 20 pops for the day. I have filtered the list based on price being greater than $1.50 and volume higher than 150k.
A. M. Castle & Co. (CAS) a specialty metals and plastics distribution company, topped the list with a 52% pop.