GKK cashes in, F busy, CWBS goes south

Gramercy Capital Corp. (NYSE: GKK) gained in price by 17.26 percent to $2.65 Monday afternoon. Volume of 1,312,566 shares was nearly than triple its normal full-day average volume. SL Green Realty Corp announced an agreement to purchase investments from Gramercy Capital Corp. for an aggregate price of $390.8 million, including the assumption of $265.6 million in debt.

Ford Motor Company (NYSE:F) was among the volume leaders Monday afternoon, trading in 37,017,402 shares, making headway against its full-day average of 84,057,300. Prices tumbled 60 percent to $16.10 in late afternoon trading.

Commonwealth Bankshares Inc. (NasdaqGW: CWBS) stumbled in price 11.51 percent Monday afternoon to $1.00, on volume of 107,879 shares, nearly nine times its full-day average. Commonwealth Bankshares, Inc. is the parent of Bank of the Commonwealth, a community bank attuned to local issues and can respond to the needs of local citizens and businesses.

Tags: consumer discretionary, CWBS, F, Financial Stocks, GKK, nasdaq, NYSE

This entry was posted on Monday, December 6th, 2010 at 2:57 pm by Glenn and is filed under Consumer Discretionary Stocks, Financial Stocks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.