Today's Top Volume Gainers were S, RSH, EWBC : by Penny Stock Pick Alert

(EMAILWIRE.COM, November 10, 2009 ) Sprint Nextel Corporation (NYSE:S) jumped 20.35% to $3.43 on over an unusual  massive volume of 112.47 million shares after  Sunday the Wall Street Journal reported that Sprint Nextel (NYSE:S) may be investing $1 billion or more in Clearwire Corporation. Sprint is partnered with Comcast, Time Warner, Google and Bright House on Clearwire. According to the report, all the partners besides Google will also be making an additional investment into the partnership.


RadioShack Corporation (NYSE:RSH) surged 14.26% to closed at $20.27 on an unusual massive volume of 15.38 million shares after it announced that it will introduce Apple's iPhone 3G and iPhone 3GS in a limited number of company-owned stores in the Dallas-Fort Worth and New York City metropolitan areas beginning later this month. The company expects to introduce iPhone in stores nationwide in 2010.


East West Bancorp, Inc. (NASDAQ:EWBC) soared 55% to $13.41 on an unusual volume of 17.27 million shares after an FDIC-assisted acquisition of San Francisco’s United Commercial Bank gave it $10.4 billion in new assets and $6.5 billion in deposits, with the FDIC helping cover losses on acquired loans. Plus, East West finished raising $500 million in new capital through private placements. Chairman and Chief Executive Dominic Ng called the takeover a “transformational event” and said FDIC backing and new cash leaves the company with “fortress-like capital.” It will help it return to “substantial profitability in 2010.” Morgan Stanley, Sandler O’Neill and Noble Financial all raised their ratings on East West on the deal.


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