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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Stockpickr Lists: Subprime Sinks American Home Mortgage

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

Biggest % Losers: American Home Mortgage (AHM) plummeted 90%, after the company said it can no longer fund home loans and may liquidate assets, putting the future of the company in doubt. The REIT sunk $9.43 Tuesday to $1.04.

52-Week Lows: NovaStar Financial (NFI) continues to reach new lows, as it sunk 25% on Tuesday. The Kansas City-based subprime mortgage lender's stock reached trading volume of 4.7 million shares Tuesday, nearly five times its three-month average of 970,000 shares. Shares lost $3.29, bottoming out at $9.64.

Biggest % Gainers: Cambridge Display Technologies (OLED) rocketed 89% Tuesday, after Japan's Sumitomo agreed to buy the Britain-based company for $12 a share, or $285 million, representing a hefty premium in an all-cash deal scheduled to finalized during the third or fourth quarter. The LED maker closed up $5.47 to $11.62.

52-Week Highs: Faro Technologies (FARO) jumped 23% to a 52-week high after the Florida-based company posted outstanding second-quarter earnings that beat last year's numbers by 600%. The company, which makes computerized measurement devices, saw earnings of 39 cents a share or $5.8 million. Shares closed up $7.02, reaching $37.23.

Rising on Unusual Volume: Shares of Under Armour (UA) were trading at almost five times their three-month average volume Tuesday, sending the athletic apparel company up 11.2%. The Baltimore-based company reported a second-quarter net income increase of 135.6% to $5.7 million, from $2.4 million in the prior year. The stock jumped $6.23 reaching $61.41.

Stocks with Unusual Option Activity: Armor Holdings (AH) was experiencing unusual option activity. Shares closed up 8 cents at $87.98.

Latest Activist Situations: Nelson Peltz's Trian Fund, a 9.8% holder of Wendy's (WEN), said in a letter filed with the Securities and Exchange Commission it would be prepared to offer between $37 to $41 per share to Wendy's shareholders. The hamburger chain's shares climbed $1.34, or 4%, to $35.03.

Forum of the Day

BFX opens a discussion about earnings plays.

Do You Know the Answer?

Like many investment bank stocks, Goldman Sachs (GS) has been in a freefall lately. Where do people think the stock will end up by the end of the year, asks AHN.

Feeling Lucky?

And finally, try picking a random portfolio suited to do-it-yourselfers with more detailed analysis at I'm Feeling Lucky.

Stockpickr is a wholly owned subsidiary of TheStreet.com.

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 17,092.57 -20.97 -0.12%
S&P 500 1,988.03 +4.50 0.23%
NASDAQ 4,474.9060 +18.89 0.42%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

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