It’s 9:12pm on Monday 10.4.2010 and here are the top 5 stocks that people are searching for on Google. These stocks have the highest current search volume on Google based on velocity.
Sara Lee Corp. (Public, NYSE:SLE) – Sara Lee (SLE) shares are up $1.08 to $14.51 and implied volatility is higher following reports over the weekend that the company has rejected a takeover offer from KKR. Options volume is 29X the recent average daily and being led by buyers of Nov 15 calls. 5,575 traded (66 percent Ask). Meanwhile, implied volatility is up 24 percent to 31.5, compared to a 52-week high and low of 43.5 and 20.5 (source: WhatsTrading.com)
Coca-Cola Enterprises Inc. (Public, NYSE:CCE) – Coca-Cola Company (KO: 58.88 -0.24 -0.41%) closed the acquisition of the North American operations of Coca-Cola Enterprises Inc. (CCE: 22.01 -9.79 -30.79%) for a total consideration of $12.3 billion. (source: DailyMarkets.com)
The Mosaic Company (Public, NYSE:MOS) – The Mosaic Company has just reported strong earnings growth and frankly it helps to highlight just why BHP Billiton plc (NYSE: BHP) is willing to pay so much to acquire Potash Corp. of Saskatchewan (NYSE: POT). Unfortunately, the earnings cycle here is not enough to insure that a merger will occur nor is there any assurance that Potash will even get a higher price that is being sought. (source: 247WallSt.com)
American Express Company (Public, NYSE:AXP) – The Justice Department on Monday sued a trio of card payment-processing giants, alleging the way they deal with merchants violates antitrust laws.Visa Inc. and MasterCard Inc. settled the suits and agreed to change rules to let merchants offer discounts based on whether customers use cash or different cards. But American Express quickly vowed to challenge the federal suit.Amex shares slumped more than 6%, while Visa rose and MasterCard slipped less than 1%. (source: TopStockPicks.com)
Actel Corporation (Public, NASDAQ:ACTL) – Shares of Actel Coporation (ACTL) surged 32% Monday on news that chip maker Microsemi Corp. (MSCC) agreed to buy the power management components developer for about $430 million, or $20.88 a share-net to each holder in cash. (source: WallStreetPit.com)
via Google Finance