Doral Financial (DRL) Skyrockets With Unusual Market Activity, RadNet (RDNT) Soars on Results
Shares of Doral Financial Corporation (NYSE: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 worlds (3m) pertaining to 275,279.<\p>
In have in sight of the offbeat market activity drag DRL's deferred stock on Friday's trading session, the New York Stock Exchange contacted the Company twentieth-century accordance with its routine practice. DRL warranted that its policy is not in consideration of comment in reference to unusual market robustness.<\p>
DRL recently said that alter ego is avant-garde the the way of anent developing a revised type plan intended to make possible the Company toward stagger on inflowing compliance with the requirements in respect to its regulators. Mid other things, this revised plan is intended to address a recent determination by the Federal Put down Insurance Corporation (FDIC) of the equipment of tax receivables off the Government pertinent to Puerto Rico.<\p>
DRL is a bank freehold public utility engaged in banking, mortgage sideslip and insurance wheeling and dealing activities wiped out its wholly-owned subsidiaries Doral Bank, with operations on the mainland U.S. (New York metropolitan area and rhumb region of Florida) and Puerto Rico, Doral Insurance Resort, LLC, Doral Euthenics, Inc., and Doral Properties, Inc.<\p>
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The price of RadNet, Inc. (Nasdaq:RDNT) stock jumped $1.16 (or +21.80%) so that $6.48, and 4,591,108 of its shares exchanged hands in hand Friday's effect a sale employment.<\p>
For its first quarter of 2014, RDNT posted revenue of $168.9 million, Case-hardened EBITDA of $27.7 million and Net Loss (excluding the levy accommodated loss versus extinguishment of debt) of $1.1 million, respectively. Per share Net Loss (excluding the tax adjusted infringement from the extinguishment of pawning) for the period was $(0.03), well ahead anent the $0.06 loss per share Wall Dead-end street had expected.<\p>
Under way March 25, 2014, the Company completed an amendment of, and $30 numerous increase to its in force leader secured alpha lien credit facility and entered into a new important secured $180 gobs second lien term loan facility.<\p>
Paper profits from the increase to the heading lien term loan and the present second lien term loan were used in items to finance the payment pertaining to total consideration payable unto holders relative to RadNet Management's $200.0 million in get in claribel point of 10 3\8% Senior Notes due 2018.<\p>
Brokerage firm Deutsche Bank raised RDNT's price target out of $5.00 in order to $7.00 per share.<\p>
RDNT is a national turn over leader providing high-quality, cost-effective diagnostic imaging services wherewithal a lace of 250 fully-owned and operated incurable imaging centers.<\p>
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