NSYE: MI, AIB, PMI: Active Financial Losers Stocks

Losers Stocks

Dallas, TX 10/28/2009 06:24 PM GMT (TransWorldNews)

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Marshall & Ilsley Corporation (NYSE:MI) is one of the most active losers in early trade as it plunges over 5.02% to $5.11 on huge volume of 3.46 million shares after Marshall & Ilsley Corp. announced the closing of its public offering of 156.4 million shares of its common stock at $5.75 per share. The 156.4 million shares include 20.4 million shares issued pursuant to the option granted to the underwriters by M&I, which was exercised in full.

Allied Irish Banks, plc. (ADR) (NYSE:AIB) fell 11.26% to $5.44 on huge volume of 2.02 million shares. The stock hit an intraday high and intraday low of $5.54 and $5.15 respectively. So far the stock price increased over 155% in last six months of trade. Allied Irish Banks, together with its subsidiaries, conducts retail and commercial banking business in Ireland. It also provides corporate lending and capital markets activities from its head office at Bank centre and from Dublin’s International Financial Services Centre.

The PMI Group, Inc. (NYSE:PMI) corrected 5.16% to $2.02 on over 1.63 million shares. The stock hit an intraday high and intraday low of $2.09 and $1.97 respectively. So far the stock price increased over 206% in last six months of trade. The PMI Group, Inc. provides residential mortgage insurance products designed to promote homeownership. During the year ended December 31, 2008, the Company operated in four segments: United States Mortgage Insurance Operations, International Operations, Financial Guaranty, and Corporate and others.

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