UBS Oversubscribed Swiss Governemnt Stake Sale (UBS)

Posted in General 
August 20th, 2009

UBS AG (NYSE: UBS) is trading very well this morning on reports that the Swiss government’s share sale placement of its stake in UBS was oversubscribed by more than 4-times. We are still awaiting on pricing details, but shares at 9:17 AM EST are up 4.9% at $16.20 on over 600,000 shares. UBS is not usually one of the more active pre-market financial stocks and the 52-week high is $22.61. Average volume is over 4 million shares per day. -JON OGG

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