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  • Doral Financial (DRL) Skyrockets With Unusual Market Activity, RadNet (RDNT) Soars On Results 0 comments
    May 10, 2014 2:12 AM | about stocks: DRL, RDNT

    https://staticseekingalpha.a.ssl.fastly.net/uploads/2014/5/10/saupload_drl.jpg Doral Financial Corporation (NYSE:DRL)

    Shares of DRL skyrocketed $1.12 (or +58.95%) to $3.02, with a total volume of 7,931,771 shares traded on Friday, a large increase on activity compared with its average volume (3m) of 275,279.

    In view of the unusual market activity in DRL's stock on Friday's trading session, the New York Stock Exchange contacted the Company in accordance with its usual practice. DRL stated that its policy is not to comment on unusual market activity.

    DRL recently said that it is in the process of developing a revised capital plan intended to enable the Company to remain in compliance with the requirements of its regulators. Among other things, this revised plan is intended to address a recent determination by the Federal Deposit Insurance Corporation (FDIC) regarding the treatment of tax receivables from the Government of Puerto Rico.

    DRL is a bank holding company engaged in banking, mortgage banking and insurance agency activities through its wholly-owned subsidiaries Doral Bank, with operations on the mainland U.S. (New York metropolitan area and northwest region of Florida) and Puerto Rico, Doral Insurance Agency, LLC, Doral Recovery, Inc., and Doral Properties, Inc.

    More about Doral Financial Corporation (NYSE:DRL) at www.doralfinancial.com.


    https://staticseekingalpha.a.ssl.fastly.net/uploads/2014/5/10/saupload_rdnt2.jpg RadNet, Inc. (Nasdaq:RDNT)

    The price of RDNT stock jumped $1.16 (or +21.80%) to $6.48, and 4,591,108 of its shares exchanged hands on Friday's market activity.

    For its first quarter of 2014, RDNT posted revenue of $168.9 million, Adjusted EBITDA of $27.7 million and Net Loss (excluding the tax adjusted loss on extinguishment of debt) of $1.1 million, respectively. Per share Net Loss (excluding the tax adjusted loss from the extinguishment of debt) for the period was $(0.03), well ahead of the $0.06 loss per share Wall Street had expected.

    Brokerage firm Deutsche Bank raised RDNT's price target from $5.00 to $7.00 per share.

    RDNT is a national market leader providing high-quality, cost-effective diagnostic imaging services through a network of 250 fully-owned and operated outpatient imaging centers.

    More about RadNet, Inc. (Nasdaq:RDNT) at www.radnet.com.


    Read Full Disclaimer at www.finance.crwe-pr.com/disclaimer

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: DRL, RDNT
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