Most Active Services Stocks Losers - NYSE: MA, FUN, ETM
Most Active Losers
Dallas, TX 11/03/2009 04:52 PM GMT (TransWorldNews)
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MasterCard Incorporated (NYSE:MA) is one of the most active losers in today`s trading sessions as it declines over 3.41% to $215.06 on huge volume of 2.51 million shares after MasterCard Inc.'s announced that USAA Federal Savings Bank will implement MasterCard Integrated Processing Solutions, the Company's debit processing platform. USAA will employ the full capabilities of the platform's branded network and issuer processing services in support of signature and PIN debit, and ATM driving.
Cedar Fair, L.P. (NYSE:FUN) declines 13.86% to $8.20 on huge volume of 380K shares after the company announced results through the third quarter ended September 27, 2009 and provided attendance and revenue trends through November 1, 2009. Net revenues for the nine months ended September 27, 2009, which included 25 additional operating days compared with 2008, decreased $66.5 million to $810.5 million from $877.0 million a year ago. Net income for the first nine months of 2009 decreased $0.8 million to $61.7 million, or $1.10 per diluted limited partner unit, from net income of $62.5 million, or $1.12 per diluted limited partner unit, for the same period in 2008.
Entercom Communications Corp. (NYSE:ETM) decreases 14.53% to $6.59 on over 271K shares after the company today reported financial results for the quarter ended September 30, 2009. During the quarter, the Company reduced its outstanding net Senior and Senior Subordinated debt by $25.4 million. As of September 30, 2009, the Company had $20.1 million in cash and cash equivalents, $758.2 million of Senior Debt and $23.9 million of Senior Subordinated Notes. The Company repurchased $20.2 million of its Senior Subordinated Notes during the quarter.
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