Activist Hates Alcoa Deal

Editor's Note: In this feature from Stockpickr, we highlight lists of stocks that have made new highs, lows or seen other unusual activity.

Investor and activist hedge fund Jana Partners panned Alcoa's(AA) $27 billion hostile takeover bid for Alcan(AL), sending the aluminum giant atop Stockpickr's list of Latest Activist Situations. Jana said Alcoa's shareholders would be better served through a potential sale "to one or more buyers."

Florida East Coast Industries(FLA) soared atop the list of 52-Week Highs after the commercial real estate company agreed to be acquired by Fortress Investment Group for $3.5 billion. The commercial real estate company also led Stockpickr's Rising on Unusual Volume list.

ENGlobal(ENG) led the Biggest % Gainers after the engineering company posted solid first-quarter earnings.

Shares of DJO(DJO) dropped 13% to a 52-Week Low after reporting poor earnings.

Finally, heavier-than-expected losses sank business service provider APAC Customer Services(APAC) to the bottom of the Biggest % Losers. Shares lost 29%.

Forum of the day

There was a lot of discussion about DOR BioPharma(DORB) in W.G.'s Bio Huddle.

Do you know the answer?

sarah z asks, What's better: buying 52 week highs or 52 week lows?

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