FirstAlert(tm) ‘Money Index’ Synopsis
September 2, 2009 (FinancialWire) — Of the Most Actives, last session’s trading showed 2 advancers versus 23 decliners. Volume leaders were led by Citigroup Inc. (NYSE: C) trading 171,282,500 shares closing at $4.54 (down 9.2%), the PowerShares QQQ Trust Series 1 (NASDAQ: QQQQ) trading 58,684,710 shares closing at $39.28 (down 1.9%) and the SPDRS Trust ETF (NYSE: SPY) trading 58,412,821 shares closing at $100.20 (down 2.2%).
Of last session’s Greatest Percentage Losers, stocks taking the greatest monetary losses were led by Barclays PLC (NYSE: BCS) trading on volume of 41,400 shares (losing $11,301.6 million), Cardinal Health Inc. (NYSE: CAH) trading on volume of 2,636,500 shares (losing $3,409.8 million) and American International Group (NYSE: AIG) trading on volume of 10,440,300 shares (losing $1,254.3 million).
Of last session’s Greatest Percentage Winners, stocks making the greatest monetary gains were led by AVI Biopharma Inc. (NASDAQ: AVII) trading on volume of 5,452,509 shares (gaining $31.7 million), Icagen Inc. (NASDAQ: ICGN) trading on volume of 655,666 shares (gaining $22.1 million) and US Energy Corp. (NASDAQ: USEG) trading on volume of 210,752 shares (gaining $11.5 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.
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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).
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