FirstAlert(tm) ‘Money Index’ Synopsis
August 12, 2009 (FinancialWire) — Of the Most Actives, last session’s trading showed 4 advancers versus 21 decliners. Volume leaders were led by Citigroup, Inc. (NYSE: C) trading 139,240,300 shares closing at $3.69 (down 6.3%), Fannie Mae (NYSE: FNM) trading 47,190,800 shares closing at $1.07 (up 7.0%) and Bank of America Corporation (NYSE: BAC) trading 41,298,200 shares closing at $15.85 (down 5.0%).
Of last session’s Greatest Percentage Losers, stocks taking the greatest monetary losses were led by WSP Holdings Ltd. (NYSE: WH) trading on volume of 666,700 shares (losing $230.5 million), CIT Group, Inc. (NYSE: CIT) trading on volume of 14,841,300 shares (losing $108.9 million) and E. W. Scripps Company (NYSE: SSP) trading on volume of 406,500 shares (losing $107.2 million).
Of last session’s Greatest Percentage Winners, stocks making the greatest monetary gains were led by Avanir Pharmaceuticals (NASDAQ: AVNR) trading on volume of 5,933,454 shares (gaining $50.9 million), Helicos BioSciences Corporation (NASDAQ: HLCS) trading on volume of 2,096,869 shares (gaining $18.7 million) and ICAgen Inc. (NASDAQ: ICGN) trading on volume of 84,738 shares (gaining $8.9 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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