Several of the volume leaders trading on the NYSE on Thursday were companies with share prices below the 10.00 level including Citigroup (C), Sprint Nextel Corporation (S), Advanced Micro Devices (AMD), Regions Financing (RF), and Chimera Investment (CIM).
Citigroup Inc. (C) closed the day with 399,578,680 shares trading hands, once again being the most actively traded company on the NYSE following news that they had taken over the record label EMI Group Ltd. Shares moved forward 1.66% on the day to close at 4.90 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 4.69 and 200-day moving average of 4.20.
Sprint Nextel Corporation (S) shares slipped on Tuesday, falling 2.88% to close at 4.39 following a busy trading day that saw volume hit 55,961,638, more than 5 million shares higher than their average and more than 23 million more than yesterday’s volume. 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 4.26 and even with their 200-day moving average of 4.39.
Advanced Micro Devices (AMD) followed yesterday’s strong volume day with yet another positive performance on Tuesday as trading hit 40,235,868 shares, almost 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 4.98% on Thursday to close at 8.22 to push past their the 50-day moving average of 8.00 but managed to push past the 200-day moving average of 7.67.
Regions Financing (RF) saw strong trading on Tuesday as they closed with volume of 25,721,987 with shares closing at 7.32. RF, which operates as the holding company for the Regions Bank that provides a range of commercial, retail, and mortgage banking services in Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, South Carolina, Tennessee, Texas, and Virginia, remains above their 50-day moving average of 6.59 as well as their 200-day moving average of 7.02.
Chimera Investment (CIM) saw volume surpass its trading average as it closed at 20,821,722, more than 4 million shares more than its average. Shares closed at 4.26 on the day and the company, which is a real estate investment trust that invests in residential mortgage backed securities (RMBS), residential mortgage loans, real estate-related securities, asset backed securities (ABS), and various other asset classes in the United States, is ahead of the 50-day moving average of 4.05 as well as their 200-day moving average of 3.73.