Of the top 15 volume leaders trading on the NYSE on Thursday five were companies with share prices below the 10.00 level including Citigroup (C), Sprint Nextel Corporation (S), Quantum Corporation (QTM), Advanced Micro Devices (AMD), and Eastman Kodak Company (EK).
Citigroup Inc. (C) closed the day with 270,364,587 shares trading hands, less than half its average yet still enough to top all NYSE companies trading on Thursday. Shares inched forward 0.42% on the day to close at 4.83 and the company, which provides consumers, corporations, governments, and institutions with a range of financial products and services, including consumer banking, credit cards, corporate and investment banking, securities brokerage, and wealth management, remains above their 50-day moving average of 4.65 and 200-day moving average of 4.20.
Sprint Nextel Corporation (S) shares climbed slightly on Monday, pushing forward 2.00% to close at 4.59 despite a below average trading day with volume ending at 35,818,330, well below the 53,785,500 it has been averaging. Sprint, which offers wireless and wireline communications products and services to consumers, businesses, and government users in the United States, Puerto Rico, and the U.S, remains above their 50-day moving average of 4.21 and their 200-day moving average of 4.39.
Quantum Corporation (QTM) volume soared past the 30.8 million mark on Thursday as shares plunged 16.16% following news that the company was having trouble closing deals from the third quarter and they lowered their expectations for the fourth quarter. Shares in the company, which operates as a storage company providing backup, recovery, and archive solutions to small businesses to multinational enterprises in the United States and internationally, closed at 3.01 on the day to drop it further behind the 50-day moving average of 3.81 but it remains above the 200-day moving average of 2.63.
Advanced Micro Devices (AMD) saw a strong day of activity on Thursday as their trading volume hit 29,736,847, more than 7 million shares higher than their average volume. Shares in AMD, which provides processing solutions for the computing and graphics markets in the United States, Canada, Europe, and Asia, jumped 3.46% on Thursday to close at 7.75 yet they remain below the 50-day moving average of 7.97 put managed to push past the 200-day moving average of 7.70.
Eastman Kodak Company (EK) ended their day with trading volume closing at 26,707,349, nearly 3x their average volume. Shares in the company, which provides imaging technology products and services to the photographic and graphic communications markets worldwide, closed at 3.81 on the day, up 2.70%. The company still trails their 50-day moving average of 5.15 and their 200-day moving average of 4.87.
