RDN, MBI, CHS are Biggest NYSE Gainers

NYSE Gainers

Dallas, TX 11/18/2009 04:31 PM GMT (TransWorldNews)

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Radian Group Inc. (NYSE:RDN) soars 12.50% to $5.67 after the company yesterday announced that Radian has commenced three separate tender offers to purchase securities issued by each of the three custodial trusts related to the contingent capital program of Radian Asset Assurance Inc., Radian's principal financial guaranty subsidiary. The target securities with a face amount of $100,000 per security were issued by the three separate trusts with an aggregate face amount of $50 million issued by each trust, or an aggregate face amount of $150 million issued by all three trusts. The offer is expected to expire at 5:00 p.m., Eastern Time, on December 16, 2009, unless extended by Radian.

MBIA Inc. (NYSE:MBI) climbs up over 12.10% to $3.89. The stock hit an intraday high and an intraday low of $3.99 and $3.45 respectively. In the last six months the stock went down over 39%. MBIA Inc. is engaged in providing financial guarantee business through its wholly owned subsidiaries MBIA Corp. and MBIA Insurance Corp. of Illinois and conduct the investment management business through the Company and its subsidiaries.

Chico's FAS, Inc. (NYSE:CHS) soars 12.17% to $15.12 after the company today announced its financial results for the fiscal 2009 third quarter and nine months ended October 31, 2009. For the nine months ended October 31, 2009, the Company had net income of $52.1 million or $0.29 per diluted share, compared to net income of $21.4 million, or $0.12 per diluted share in the first nine months of the prior year. Excluding the impairment charges recorded prior to the fiscal third quarter of 2009, the Company had net income of $60.3 million, or $0.34 per diluted share compared to net income of $21.4 million, or $0.12 per diluted share for the first nine months of 2008.

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