Volume Leaders In Midday Trading for 12/08: BAC, CLWR, NOK, MSFT, GE, CSCO
The market sell off is quickening in midday trading as traders are waiting to see what happens in Europe. The Dow is down 102 points, the Nasdaq is down 22 points and the S&P is down 14 points.
Bank of America Corporation (NYSE:BAC) is down 3.14% in midday trading at $5.7050. BAC has traded 143.6 million shares so far today and trades 271 million shares a day on average. BAC has been whipsawing all week as uncertainty of the Europe crisis plagues Wall Street. The company has a market cap of 57.76 billion.
Clearwire Corporation (NASDAQ:CLWR) is down 4.61% at $2.1750 today. CLWR has traded 82.5 million share so far today, well above its daily average of 9.3 million shares. Clearwire said it has priced an offering of 175 million shares at $2 a share. This offering will total $350 million. Clearwire has a market cap of 540.61 million.
Nokia Corporation (NYSE:NOK) is down 5.53% in midday trading at $5.0350. NOK has traded 31.2 million shares so far today, 3 million shares more than its daily average. NOK stock has dropped $0.50 a share over the past five days. The company has a market cap of 18.70 billion.
Microsoft Corporation (NASDAQ:MSFT) is down 0.04% in midday trading at $25.61. MSFT has traded 25.4 million shares so far today and trades 56.3 million shares a day on average. MSFT is has traded relatively flat this week as traders wait for news from Europe. The company has a market cap of 215.77 billion.
General Electric Company (NYSE:GE) is down 1.88% today at $16.42. GE has traded 22.8 million shares so far today and trades 70.6 million shares a day on average. GE is slightly up for the week so far. General Electric has a market cap of 174.20 billion.
Cisco Systems, Inc. (NASDAQ:CSCO) is down 1.90% at $18.63 in midday trading. CSCO has traded 19.7 million shares so far today and trades 57.7 million shares a day on average. CSCO is trading flat on the week so far. Cisco has a market cap of 100.42 billion.
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