Top Financial Stocks
Financial stocks are broadly higher today with the NYSE
Financial Sector Index gaining 1.0% and the S&P Financial 100
Index advancing 0.6%.
In company news, Wheeler Real Estate Investment Trust (
) is ending with a 0.5% decline at $4.27 a share, earlier sliding
to within 3 cents of its 52 week low of $4.15 after it announced
the purchase of two grocery-anchored shopping centers for a
combined price of approximately $23.4 million.
The company said it used the $10.25 million in net proceeds from
its recent public offering of stock to fund a portion of the
purchase price for the Tampa Festival and Forrest Gallery shopping
Wheeler's portfolio contains community centers, strip centers
and free-standing retail properties primarily located in the
Mid-Atlantic, Southeast and Southwest regions of the United
In other sector news,
(+) AMIC, Rival health and life insurer Independence Holding Co.
) today began its tender offer to buy up to 762,640 shares of its
stock for $10.00 apiece.
(-) HRB, Says regulatory issues have delayed the planned sale of
its bank unit, overshadowing 32% year over year rise in Q1 revenue
to $127 mln, topping Street call by $27 mln. Adjusted per-share
loss of $0.40 is $0.05 wider than expectations.
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