KV surges, BAC trades, JTX swoons

KV Pharmaceutical CLA (NYSE: KV-A) increased 14.69 percent in price Wednesday to $2.42. Volume was 480,021 shares, rapidly catching up on its daily average of 548,417. The St. Louis-based KV announced today that it has entered into an agreement with US Healthcare I, L.L.C. and US Healthcare II, L.L. C. affiliates of New York-based Centerbridge Partners, L.P for a senior secured debt financing package of up to $120 million.

Bank of America Corp. (NYSE: BAC) was a volume leader Wednesday, dealing in 71,100,577shares, compared to its three-month daily average of 196,016,000. The carmaker saw its stock price skid 1.63 percent to $11.74. BAC was ordered by a U.S. judge to return $500 million of deposits it seized from Lehman Brothers Holdings Inc shortly after Lehman’s record bankruptcy.

Jackson Hewitt Tax Service Inc. (NYSE: JTX) fell in price by noon Wednesday by 18.88 percent to 82.74 cents. Volume was 1,954,063 shares, more than four times its three-month daily average.

Tags: bac, Financial Stocks, JTX, KV-A, NYSE, pharmaceutical stocks

This entry was posted on Wednesday, November 17th, 2010 at 1:05 pm by Glenn and is filed under 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.