Several of the volume leaders trading on the NYSE on Thursday were companies with share prices below the 10.00 level including Citigroup (C), Advanced Micro Devices (AMD), Sprint Nextel Corporation (S), Synovus Financial (SNV), and Wendy’s/Arby’s Group (WEN).
Citigroup Inc. (C) closed the day with 347,216,545 shares trading hands, once again being the most actively traded company on the NYSE yet falling more than 200 million shy of their average trading volume. Shares moved forward 2.12% on the day to close at 4.82 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 4.67 and 200-day moving average of 4.20.
Advanced Micro Devices (AMD) saw a strong day of activity on Monday as their trading volume hit 42,732,296, nearly 2x higher than their average volume. Action spiked as news of a chip flaw involving competitor Intel. Shares in AMD, which provides processing solutions for the computing and graphics markets in the United States, Canada, Europe, and Asia, jumped 4.54% on Thursday to close at 7.83 yet they remain below the 50-day moving average of 7.98 but managed to push past the 200-day moving average of 7.68.
Sprint Nextel Corporation (S) shares climbed slightly on Monday, pushing forward 1.57% to close at 4.52 despite a below average trading day with volume ending at 32,010,386, nearly 19 million shares lower than what they have 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 4.24 and ahead of their 200-day moving average of 4.39.
Synovus Financial (SNV) took a slight hit on Monday as shares fell 5.04% to close at 2.64 on the day following trading volume of 19,424,917, almost 4 million more trades than average. Shares in the company, which provides commercial and retail banking, financial management, insurance, and mortgage services in Georgia, Alabama, South Carolina, Florida, and Tennessee, remain above the 50-day moving average of 2.51 and their 200-day moving average of 2.55.
Wendy’s/Arby’s Group (WEN) saw shares push forward 2.11% on Monday to close at 4.83 with volume closing out at 17,247,820, almost4x their average. Shares in the company, which operates as the owner and franchisor of the Wendy’s and Arby’s restaurant systems, are slightly above their 50-day moving average of 4.69 and their 200-day moving average of 4.53.
