This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Stocks in Motion: Chalone

Stelmar Shipping (SJH) rose 7.6% after the company agreed to be acquired by Overseas Shipholding Group (OSG) for $843 million in cash, plus the assumption of debt, which brings the total value of the deal to $1.3 billion. Stelmar shareholders will receive $48 a share in cash for each share of Stelmar they hold. The $48 price tag represents a premium of 8.3% over Friday's closing price of $44.32. The deal is expected to close by the end of January. Shares of Stelmar traded up $3.36 to $47.68, while shares of Overseas Shipholding traded up $4.59 to $61.10.

After spending most of the day in the negative, shares of Greenbrier (GBX) ended the day in the black -- after the company said it would sell, from time to time, up to 6 million shares of stock. The disclosure was made in a Securities and Exchange Commission shelf registration statement. The supplier of railroad transportation equipment and services said it would use the proceeds to fund general corporate expenses. Shares traded up 14 cents to $32.70.

NYSE volume leaders included Lucent (LU), down 9 cents to $3.71; Sprint (FON), up 30 cents to $24.44; Pfizer (PFE), up 7 cents to $27.16; Motorola (MOT), up 85 cents to $17.15; Time Warner (TWX), up 45 cents to $18.93; and General Electric (GE), up 79 cents to $37.48.

Nasdaq volume leaders included Oracle (ORCL), up $1.35 to $14.63; Sirius Satellite Radio (SIRI), up 45 cents to $8.04; Microsoft (MSFT), up 17 cents to $27.25; Intel (INTC), up 7 cents to $22.63; Cisco (CSCO), down 15 cents to $19.27; PeopleSoft (PSFT), up $2.47 to $26.42; and Nextel Communications (NXTL), up 23 cents to $29.99.

2 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,805.41 +127.51 0.76%
S&P 500 1,964.58 +13.76 0.71%
NASDAQ 4,483.7150 +30.9230 0.69%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs