FirstAlert(tm) ‘Money Index’ Synopsis
August 27, 2009 (FinancialWire) — Of the Most Actives, last session’s trading showed 14 advancers versus 11 decliners. Volume leaders were led by the SPDRS Trust ETF (NYSE: SPY) trading 41,249,059 shares closing at $103.17 (net 0.0% gain/loss), the PowerShares QQQ Trust Series 1 (NASDAQ: QQQQ) trading 33,834,010 shares closing at $40.30 (down 0.2%) and the Select Sector Financial Select Sector SPDR Fund (NYSE: XLF) trading 26,338,647 shares closing at $14.58 (down 0.3%).
Of last session’s Greatest Percentage Losers, stocks taking the greatest monetary losses were led by Thompson Creek Metals Co. Inc. (NYSE: TC) trading on volume of 1,513,200 shares (losing $129.9 million), Dycom Industries Inc. (NYSE: DY) trading on volume of 303,100 shares (losing $78.2 million) and Isle of Capri Casinos Inc. (NASDAQ: ISLE) trading on volume of 704,536 shares (losing $58.1 million).
Of last session’s Greatest Percentage Winners, stocks making the greatest monetary gains were led by Nextwave Wireless Inc. (NASDAQ: WAVE) trading on volume of 4,484,926 shares (gaining $88.0 million), Zhone Technologies Inc. (NASDAQ: ZHNE) trading on volume of 647,448 shares (gaining $29.4 million) and US Energy Corp. (NASDAQ: USEG) trading on volume of 334,804 shares (gaining $12.8 million).
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 provided courtesy 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).
FinancialWire(tm) is a fully independent, proprietary news wire service, is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.