Yahoo Finance StockCall Pre-Market Review on BK, AINV, PGR, and GOV
StockCall.com Provides Stock Research on The Bank of New York Mellon Corp., Apollo Investment Corp., Progressive Corp., and Government Properties Income Trust
New York City, New York -- (May 29, 2013)
The U.S. equity market rallied on Tuesday, May 28, 2013, as investors digested better-than-expected U.S. economic data. Market sentiment was lifted after S&P/Case-Shiller reported that home prices in 20 U.S. cities rose 10.9% on a year-over-year basis in March. Stocks received further boost from the Conference Board’s consumer confidence data. With the U.S. economy continuing to show signs of improvement, the rally in equity market could continue. Yesterday, the Dow Jones closed at record high levels. The S&P 500 and the NASDAQ also posted strong gains. The financial sector was one of the best performers in the S&P 500. The major movers in the sector included The Bank of New York Mellon Corporation (NYSE:BK - News), Apollo Investment Corp. (NASDAQ:AINV - News), The Progressive Corporation (NYSE:PGR - News), and Government Properties Income Trust (NYSE:GOV - News). StockCall analysts initiated preliminary technical research on BK, AINV, PGR, and GOV. These free reports are accessible by signing today at
Shares in The Bank of New York Mellon Corporation rose sharply on Tuesday, tracking gains in the broader market. The stock hit an intraday high of $30.39 before finishing the day 1.97% higher at $30.09. A total of 7.44 million shares were traded which is well above the daily average volume of 5.83 million. The company’s shares are currently trading close to their 52-week high of $30.64. So far this year, the stock has gained nearly 18.30%, outperforming the S&P 500. The free technical analysis on BK is available by signing up at
www.StockCall.com/BK052913.pdf
Apollo Investment Corp.’s stock was one of the worst performers in the financial sector yesterday. The company’s shares traded between $8.42 and $8.78 before finishing the day 1.86% lower at $8.42. A total of 3.01 million shares were traded which is above the daily average volume of 2.76 million. However, despite the pullback on Tuesday, the stock is currently trading close to its 52-week high of $9.08. The shares of AINV, however, have slipped below their 50-day moving average on Tuesday. The stock is still trading well above its 200-day moving average. Register now to download the free research on AINV at
www.StockCall.com/AINV052913.pdf
Shares in The Progressive Corporation ended slightly higher on Tuesday, closing at $25.96, up 0.58% from previous trading session’s closing price. The stock traded between $25.78 and $26.16. A total of 3.12 million shares were traded which is above the daily average volume of 2.70 million. The company’s shares are currently trading close to their 52-week high of $26.39. So far this year, the stock has grown over 24.50%, outperforming the S&P 500. The stock is currently trading above its 50- and 200-day moving averages. Free report on PGR can be accessed by registering at
www.StockCall.com/PGR052913.pdf
Government Properties Income Trust’s stock fell sharply yesterday even as the broader market rallied. The stock traded between $25.20 and $25.93 before finishing the day 1.02% lower at $25.34. A total of 473,677 shares were traded which is slightly above the daily average volume of 410,806. So far this year, the company’s shares have gained over 9.30%, underperforming the S&P 500. The stock is currently trading 5.90% below its 52-week high. Government Properties Income Trust currently has a dividend yield of 6.79%.Register withStockCall and download the research on GOV for free at
www.StockCall.com/GOV052913.pdf
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