Tuesday, March 02, 2010

What Stock is Up 71% in the Last Four Days?

There is a stock with a well known name that has increased over 71% since last Wednesday. Too bad the stock is going through bankruptcy. And the name of the stock is ... Lehman Brothers (LEHMQ.PK). It has moved up from 7 cents per share to 12 cents per share, on a huge spike in earnings. On Thursday, the company settled claims relating to collateral obligations with JPMorgan Chase & Co (JPM).

Author owns Lehman. No recommendation is expressed or implied.

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