FirstAlert(tm) ‘Money Index’ Synopsis
July 24, 2009 (FinancialWire) — Of the Most Actives, last session’s trading showed 12 advancers versus 8 decliners. Volume leaders were led by the SPDR Trust ETF (NYSE: SPY) trading 51,117,693 shares closing at $$97.66 (up 2.2%), Citigroup, Inc. (NYSE: C) trading 46,610,900 shares closing at $2.77 (down 1.1%) and the PowerShares QQQ Trust Series 1 (NASDAQ: QQQQ) trading 44,675,362 shares closing at $39.35 (up 2.2%).
Of last session’s Greatest Percentage Losers, stocks taking the greatest monetary losses were led by Reliance Steel & Aluminum Co. (NYSE: RS) trading on volume of 689,300 shares (losing $259.2 million), Celera Corporation (NASDAQ: CRA) trading on volume of 2,248,350 shares (losing $156.3 million) and CIT Group, Inc. (NYSE: CIT) trading on volume of 10,136,100 shares (losing $50.6 million).
Of last session’s Greatest Percentage Winners, stocks making the greatest monetary gains were led by Medarex, Inc. (NASDAQ: MEDX) trading on volume of 17,663,236 shares (gaining $962.8 million), Affymetrix Inc. (NASDAQ: AFFX) trading on volume of 2,343,378 shares (gaining $131.7 million) and Cerus Corporation (NASDAQ: CERS) trading on volume of 340,665 shares (gaining $19.2 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 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 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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