NEW YORK ( TheStreet) - Tuesday was not an easy day for stocks, with double-dip fears sending the major market indexes down to big losses. In fact, the only stock among the 30 most actively traded stocks on the New York Stock Exchange to finish Tuesday's trading session up was BP (BP).
BP gained more than 2% on Tuesday and was the fifth most active stock on NYSE, with more than 67 million shares traded. Of course, BP sank to a new oil-spill low share price last Friday at $27, so its rise to $27.67 on Tuesday was still relative to its stock price freefall over the past two months.
While BP and the U.S. Coast Guard had to call off the oil spill cleanup effort in the Gulf of Mexico due to high winds from Hurricane Alex, BP shares were provided a boost by the latest takeover rumors.
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