Biggest NYSE Percentage Losers were XRM, CVI, ABR : by Penny Stock Pick Alert

November 7, 2009

(EMAILWIRE.COM, November 07, 2009 ) Dallas, TX - Xerium Technologies, Inc. (NYSE:XRM) was one of the most active losers in today`s trading session as it plunged over 26.73% to $0.740 after the company yesterday reported results for its third quarter ended September 30, 2009. Net loss for the third quarter of 2009 was $7.4 million or $0.15 per diluted share, compared to a net income of $21.5 million or $0.46 per diluted share for the third quarter of 2008. Net sales for the 2009 third quarter were $130.3 million, an 18.2% decrease from net sales for the 2008 third quarter of $159.3 million.

CVR Energy, Inc. (NYSE:CVI) decreased 17.56% to $8.50 on a volume of 2.88 million shares after the company yesterday announced that one of its stockholders has commenced a registered underwritten public offering of 7,376,264 shares of CVR Energy's common stock. The selling stockholder, an affiliate of Goldman, Sachs & Co., currently owns approximately 36% of CVR Energy's outstanding common stock and following the offering will continue to own approximately 28% of CVR Energy's outstanding common stock.

Arbor Realty Trust, Inc. (NYSE:ABR) declined 12.80% to $1.84 after the company today announced financial results for the third quarter ended September 30, 2009. Arbor reported a net loss attributable to Arbor Realty Trust, Inc. for the quarter of $44.1 million, or $1.74 per diluted common share, compared to net income attributable to Arbor Realty Trust, Inc. for the quarter ended September 30, 2008 of $2.6 million, or $0.10 per diluted common share. Funds from operations for the quarter was a loss of $44.0 million, or $1.73 per diluted common share, compared to FFO income for the quarter ended September 30, 2008 of $3.1 million, or $0.12 per diluted common share.

ABOUT http://www.PennyStockPickalert.com

Penny Stock Pick Report is an independent electronic publication that provides information on selected publicly traded companies. Penny Stock Pick Report is not a registered investment advisor or broker-dealer. Penny Stock Pick Report affiliates, directors, officers, and employees may purchase and sell additional shares in any company which are mentioned above and may profit in the event those shares rise in value. Please do your research before you plan to invest in any of the stocks mentioned above.

PennyStockPickAlert.com
Robert Wilson
214 556 6798
info@pennystockpickalert.com

Source: EmailWire.Com