Citigroup Inc. (NYSE: C) had 255,525,000 shares trading hands at $4.70 per share, up .05 or +1.08%.
E-Trade Financial Corp. (NASDAQ: ETFC) traded 96,696,000 shares at $1.90, down .02 or -1.04%. The company took advantage of recent positive market momentum to quickly complete a $150 million stock offering, the company stated today. E-Trade sold 80.2 million shares in an “at the market,” or ATM, offering. This method of raising capital allows a company to sell new shares at the prices prevailing in the open market, as opposed to a secondary offering, in which the company sells stock to a group of institutional investors at an agreed-upon price, usually a discount to where the stock is trading. -TheStreet.com
CIT Group Inc. (NYSE: CIT) traded 71,959,000 shares at $1.68, down .15 or -8.20%. The company sold off sharply today in heavy trading, after a big run-up yesterday. Shares were down nearly 9% to $1.67 just over an hour after the open. Volume of 53 million shares in late morning trading was on pace to exceed the three-month average of 87 million shares. -TheStreet.com
Bank of America Corp. (NYSE: BAC) traded 69,565,000 shares at $17.80 per share, up .19 or 1.07%
Ford Motor Co. (NYSE: F) traded 64,963,000 shares at $7.39, up .38 or 5.40%
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