This Day On The Street
Continue to site
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

Friday's Winners & Losers: National City

Cleveland-based National City (NCC) plunged to an all-time new low of $4.75 after The Wall Street Journal said the bank had agreed to a memorandum of understanding with the OCC. This informal action is taken when the regulator believes a bank needs to take certain steps to stabilize it. The next step would be a cease-and-desist order. More recently, the stock was trading down 8.1% to $4.91.

Also hitting 52-week lows on Friday were banking giants Washington Mutual (WM - Get Report) and Wachovia (WB - Get Report). Both raised capital in April and both have been subject to negative reports by analysts. Concerns over troubled loans and earnings going forward, coupled with active regulators sent the stocks tumbling. WaMu tanked 13.5% to $7.45 and Wachovia slid 6.6% to $20.17.

Inspire Pharmaceuticals (ISPH) surged $1.39, or 36%, to $5.24 after the company said a late-stage trial of inhalation solution Denufosol, its prospective cystic fibrosis drug, met its primary goal.

A buyout bid lifted Tumbleweed Communications (TMWD), shares of which skyrocketed 45.2% to $2.57. Sopra Group said its Axway subsidiary is buying Tumbleweed, a Redwood City, Calif.-based provider of managed file transfer, email security and identity validation products, for $138 million, or $2.70 a share.

Shares of National Semiconductor (NSM - Get Report) were up $1.47, or 6.5%, to $24.12 after the company predicted a 15% to 20% increase in earnings per share in its new fiscal year. The improvement is likely to come from continued cost-savings and by an increasing focus on selling higher-margin analog chips, the company said.

Chipmaker Intel (INTC - Get Report) was down 80 cents, or 3.3%, to $23.05 after the company said it has received a subpoena from the U.S. Federal Trade Commission, which has opened a formal anti-trust investigation into its business practices.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
GNVC $1.81 0.00%
INTC $34.46 0.00%
NSM $13.48 0.00%
WM $53.92 0.00%
WB $17.87 0.00%


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs