FirstAlert(tm) ‘Money Index’ Synopsis
August 11, 2009 (FinancialWire) — Of the Most Actives, last session’s trading showed 13 advancers versus 12 decliners. Volume leaders were led by Citigroup, Inc. (NYSE: C) trading 113,422,300 shares closing at $3.94 (up 2.3%), Freddie Mac (NYSE: FRE) trading 33,784,200 shares closing at $1.69 (up 128.4%) and Bank of America Corporation (NYSE: BAC) trading 32,230,200 shares closing at $16.68 (up 1.6%).
Of last session’s Greatest Percentage Losers, stocks taking the greatest monetary losses were led by Barclays PLC (NYSE: BCS) trading on volume of 18,900 shares (losing $5,800.5 million), Lloyds Banking Group PLC (NYSE: LYG) trading on volume of 443,900 shares (losing $2,931.8 million) and Ocwen Financial Corp. (NYSE: OCN) trading on volume of 524,500 shares (losing $205.1 million).
Of last session’s Greatest Percentage Winners, stocks making the greatest monetary gains were led by Radio One Inc (NASDAQ: ROIAK) trading on volume of 57,353 shares (gaining $14.8 million), Management Network Group Inc. (NASDAQ: TMNG) trading on volume of 315,692 shares (gaining $7.8 million) and Corus Bankshares Inc. (CORS:NASDAQ: CORS) trading on volume of 1,239,411 shares (gaining $3.9 million).
The statistical source for deriving each day’s The FirstAlert(tm) Money Index is StockSmart.com (http://www.stocksmart.com/ri/mostactive.staticdoc).
The FirstAlert(tm) Money Index is an indicator of the depth of market direction or indirection. While not always including the same stocks, the NYSE/NASDAQ/AMEX 25 Most Actives and NYSE/NASDAQ/AMEX greatest Percentage Losers and Percentage Winners (weighted against pure monetary loss/gain) indicate the direction in which the mass of money is flowing, as well as the general focus of the market.
The FirstAlert(tm) Money Index is included as part of the “FirstAlert(tm) Daily” (http://www.financialwire.net/news-alerts), published by FinancialWire(tm). As a service to shareholders and investors, the FirstAlert(tm) Daily also provides complete, daily conference call schedules, as well as direct access to free annual reports on thousands of public companies via the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).
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