Most Heavily Traded Stocks This Morning as Markets Anticipate Bernanke Speech

Wall St. Watchdog reveals information about heavily traded shares in morning trading for August 24th:

  • SPDR S&P 500 ETF (NYSE:SPY): 4.98 million shares have traded hands, and its market capitalization is $79.56 billion.  About the company: SPDR S&P 500 ETF Trust is a unit investment trust incorporated in the United States. The Trust consists of a portfolio representing all 500 stocks in the S&P 500 Index.
  • Bank of America Corp (NYSE:BAC): 2.34 million shares have traded hands and its market capitalization is $63.85 billion.  About the company:  Bank of America Corporation accepts deposits and offers banking, investing, asset management, and other financial and risk-management products and services. The Company has a mortgage lending subsidiary, and an investment banking and securities brokerage subsidiary.
  • Mitsubishi UFJ Financial Group Inc (NYSE:MTU): 1.46 million shares have traded hands and its market capitalization is $62.55 billion.  About the company:  Mitsubishi UFJ Financial Group, Inc. is a holding company established through the merger of Mitsubishi Tokyo Financial Group and UFJ Holdings. As a financial group, the Company provides a variety of financial and investment services including commercial banking, trust banking, international finance, and assets management services.
  • Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC): 1.02 million shares have traded hands and its market capitalization is $34.96 billion.  About the company: Telefonaktiebolaget LM Ericsson develops and manufactures products for wired and mobile communications in public and private networks. The Company produces mobile telephones through its Sony Ericsson joint venture. Ericsson manufactures and installs wired and wireless communications systems, wireless microwave links, call center equipment, microelectronics, and radar systems.
  • United Therapeutics Corporation (NASDAQ:UTHR): 833,207 shares have traded hands and its market capitalization is $2.84 billion.  About the company: United Therapeutics Corporation develops pharmaceuticals to treat vascular diseases such as pulmonary hypertension and peripheral vascular disease. The Company’s lead products are stable synthetic forms of prostacyclin and are delivered orally or subcutaneously. United’s products are currently in Phase III clinical trials.
  • SPDR Gold Trust (NYSE:GLD): 673,963 shares have traded hands today and its market capitalization is $75.15 billion.  About the company: SPDR Gold Trust is an investment fund incorporated in the USA. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust’s expenses. The Trust holds gold and is expected from time to time to issue Baskets in exchange for deposits of gold and to distribute gold in connection with redemptions of Baskets.
  • PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ): 663,520 shares have traded hands today and its market capitalization is  $43.95 billion.  About the company: PowerShares QQQ is an exchange-traded fund incorporated in the USA. The Fund represents undivided ownership interests in the PowerShares QQQ. The Fund’s objective is to provide investment results that generally correspond to the price and yield performance of the component securities of the Nasdaq 100 Index.
  • ProShares UltraShort S&P500 (NYSE:SDS): 612,570 shares have traded hands and its market capitalization is $2.53 billion.  About the company:  UltraShort S&P500 ProShares is an exchange-traded fund incorporated in the USA. The Fund seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the S&P 500 Index.
  • AU Optronics Corp. (NYSE:AUO): 499,552 shares have traded hands today and its market capitalization is $3.86 billion.  About the company:  AU Optronics Corp. manufactures and markets thin film transistor-liquid crystal displays and plasma display panels. The Company sells its products in Taiwan and exports worldwide.
  • iShares Russell 2000 Index (NYSE:IWM): 299,241 shares have traded hands today and its market capitalization is $11.86 billion.  About the company: iShares Russell 2000 Index Fund is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to the performance of the Russell 2000 Index Fund. The Index measures the performance of the small-capitalization sector of the U.S. equity market. The Fund uses a Representative Sampling strategy to try to track the Index.

(Note: Selected financial data are sourced from Google Finance.  All data are assumed to be accurate.)

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