E*TRADE Upgrade Cheers (ETFC)

Posted in pre-market 
September 14th, 2009

E*Trade Financial Corporation (NASDAQ: ETFC) is surging this morning after Citigroup upgraded the online brokerage firm.  The stock was raised to BUY from HOLD and at 8:09 AM EST we have seen over 1.65 million shares trade hands.  This trades about 60 to 70 million shares in a day so look for volume to considering spiking higher.  The gain is 8% to $1.81.  THis pop represents levels not seen since June for a very brief period and April-May before that. -JON OGG

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