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Overseas Shipholding Group Inc. (OTC: OSGIQ) shares closed up 35.96 percent on a little over 2 million shares traded. The stock was one of the biggest gainers in the OTC market. The stock hit a new 52-week high of $6.32 during intra-day trading. On November 14, 2012, Overseas Shipholding Group, Inc. and certain of its subsidiaries filed voluntary petitions for reorganization under Chapter 11 of Title 11 of the U.S. Code in the Bankruptcy Court for the District of Delaware.
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Darden Restaurants, Inc. (NYSE: DRI) shares closed down 3.59 percent on nearly 15 million shares traded on Thursday. The stock was one of the most active stocks on the NYSE. The company said Thursday that it is looking to either spin off or sell Red Lobster as part of its plan to boost value for its shareholders. Those plans also include suspending the opening of new Olive Garden locations and limiting the launch of new LongHorn Steakhouse restaurants.
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Alimera Sciences, Inc. (NASDAQ: ALIM) shares closed up 62.75 percent on Thursday with about 4.3 million shares traded. The stock had one of the largest volume increases on the NASDAQ. Both shares of Alimera Sciences and pSivida continued to climb Thursday, a day after the companies announced that no further clinical trials would be required before federal regulators make a call on whether to approve the eye disease treatment Iluvien.
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Groupon, Inc. (NASDAQ: GRPN) shares closed up 3.37 percent on Thursday with about 26.8 million shares traded. The stock was one of the most active stocks on the NASDAQ. The stock has reached its highest level in 2 months. Northland Capital Markets analyst Darren Aftahi initiated coverage on Groupon with an outperform, or buy rating, and $13-a-share price target.
Get more information on Groupon, Inc. and free access to the in-depth equity report at: www.TrendingWallStreet.com/stockquote/GRPN
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