Large NYSE gainers in the stock market today.
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Assured Guaranty LTD. (AGO) reported a third-quarter net loss of $35 million, or 22 cents a share, late Monday. That compared to a net loss of $63.3 million, or 69 cents a share, in the year-earlier period. Operating earnings, which exclude net realized investment gains and losses and other items, came in at $70.1 million, or 44 cents a share, up from third-quarter 2008 operating income of $26 million, or 28 share, the bond insurer said. In early trading the company rose to $28.14 before selling off, Assured still held onto most the day’s gain currently trading over 20% above yesterday’s close.
GSC Investment Corp. (GNV), a business development company, announced Friday that its Board of Directors has declared a dividend of $1.825 per share payable on December 31, 2009 to common shareholders of record on November 25, 2009. After the news was released the company gapped up and sold off. On Monday the stock traded sideways, this mourning the GSC gapped up again and trended higher as the day went on. The stock is currently up over 11% and attempting to break resistance near the $ 2.50 mark on above average trading volume.
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