Monday, August 16, 2010

Day Trader's Alert: BP, PAR


Below we highlight few stocks which may have unusual moves in regular trading on Monday.

BP Plc (NYSE: BP): Bruce Berkowitz’s Fairholme Capital Management LLC bought 9.44 million shares of the oil producer during the second quarter, according to a regulatory filing. Mackenzie Financial Corp., a unit of Canada’s IGM Financial Inc., and Renaissance Technologies LLC, the hedge-fund firm founded by James Simons, also increased their stake during the quarter.

3PAR, Inc. (NYSE: PAR): Dell on Monday announced that it has agreed to acquire 3PAR in a cash transaction valued at approximately $1.15 billion or $18 per share. 3PAR shares soared more than 80% in pre-market trading.
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