Stockpickr Lists: Sterling Financial Soars on Buyout - TheStreet

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 % Gainers

:

Sterling Financial

(SLFI)

rocketed 68% after the Lancaster, Pa., bank said it would be bought by

PNC Bank

(PNC) - Get Report

for $19 a share. The stock-and-cash deal represents a staggering 80% premium to Sterling's Wednesday closing price. The stock closed up $7.24 at $17.79.

52-Week Highs

:

Textron

(TXT) - Get Report

jumped 5.9% to a 52-week high after the company beat analysts' second-quarter estimates on strong demand and raised its outlook for earnings from continuing operations. The Bell helicopter and Cessna aircraft maker closed up $6.77 to $122.20.

Rising on Unusual Volume

: Amid trading volume more than three times its three-month daily average,

Valmont Industries

(VMI) - Get Report

soared 13% to a 52-week high, after the diversified manufacturer reported second-quarter earnings that shattered Wall Street estimates. The company said second-quarter profits were driven by sales growth in all segments. Shares finished the day up $9.79 to $84.86.

Biggest % Losers

:

NYSE Euronext

(NYX)

, the operator of the

New York Stock Exchange

, asked

American Home Mortgage Investment

( AHM) to issue a statement after the mortgage lender's shares plunged 21% Thursday, after speculation its credit lines were being pulled. The company responded by saying it did not comment on market rumors, which analysts dismissed. Shares closed down $2.83 at $10.76.

52-Week Lows

: Shares of American Home Mortgage also sank to a 52-week low on Thursday.

Stocks with Unusual Option Activity

:

JPMorgan Chase

(JPM) - Get Report

was experiencing unusual option activity, as the company gained 26 cents to $48.62.

Latest Activist Situations

: Ken Griffin's Citadel, which owns an 8.4% stake in

Gemstar-TV Guide International

( GMST), disclosed a letter filed with the

Securities and Exchange Commission

on Thursday that while it welcomes the company's board's decision to pursue strategic alternatives, it does so with some reservation. "We firmly believe that Gemstar-TV Guide has the potential to realize several billion dollars of incremental equity value over the next years based solely on the company's strategic positioning and management's ability to execute on its strategy," the firm wrote. Gemstar-TV Guide's stock closed up 2 cents to $6.75 Thursday.

Forum of the Day

Dip tomorrow? What will you be buying?

, asks gross641.

Do You Know the Answer?

Is it off to the races for

Advanced Mirco Devices

(AMD) - Get Report

?,

asks AndrewWheeler

.

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