Top Traded Stocks (F,CRBC,INTC,AMR,XLNX)
Ford Motor Company (NYSE: F) is the top traded stock and surged 5.40% to $7.39 on 54.45 million shares against an average volume of 117.52 million shares after company CEO Allan Mulally said the company is expecting US auto sales to rise over the next two years as the global economy recovers from the current downturn. He also reiterated his belief that the company will return to profitability in 2011.
Citizens Republic Bancorp, Inc. (NASDAQ: CRBC) rose 26% to $0.822 on massive volume of 28.55 million shares on no news. The stock has negative YTD of over 68%.
Intel Corporation (NASDAQ: INTC) soared 2..25% to $19.96 on 24.64 million shares after today at the Clinton Global Initiative annual meeting, Cisco, Intel Corp., Microsoft Corp., the government of Kenya and the U.S. Agency for International Development (USAID) announced a joint commitment to improve education in Kenya. Launched in collaboration with Kenya’s Ministry of Education, the Accelerating 21st Century Education (ACE) project aims to improve the quality of primary and secondary education through the effective use of information and communications technology (ICT).
AMR Corporation (NYSE: AMR) fell $0.42 or 5% to $8.02 on 57.80 million shares after it priced late Tuesday an offering of 48.5 million common shares at $8.25 apiece. The Fort Worth, Texas, parent of American Airlines also priced $400 million of 6.25% five-year convertible senior notes.
Xilinx, Inc. (NASDAQ: XLNX) rose 5.06% and now trades at $23.87 with a volume of 13.23 million shares after sed its revenue growth target on Wednesday for the quarter ending in September to 10 percent from its previous aim for sequential growth in a range of 2 percent to 6 percent.
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