Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Bank of America Corp (BAC), Microsoft Corporation (MSFT), J.C. Penney Company, Inc. (JCP), Petroleo Brasileiro Petrobras SA (ADR) (PBR) Among Stocks With High Turnover

Editor’s note: Related tickers: Bank of America Corp (NYSE:BAC), Microsoft Corporation (NASDAQ:MSFT), J.C. Penney Company, Inc. (NYSE:JCP), Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR), Conceptus, Inc. (NASDAQ:CPTS)

Volume leaders do not represent just the stocks that have highest turnover, but actually the big turnover represents the fact that these stocks are very popular on the market among traders. On Monday among these stocks are Bank of America Corp (NYSE:BAC), Microsoft Corporation (NASDAQ:MSFT), J.C. Penney Company, Inc. (NYSE:JCP), Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR), and Conceptus, Inc. (NASDAQ:CPTS).

Bank of America Corp (NYSE:BAC)’s turnover amounts to almost $25 million. The stock of Bank of America Corp (NYSE:BAC)  picked up 0.16% to $12.44. The company has been doing pretty well lately, increasing its over the year earnings in the first quarter of 2013, partly due to a slowdown in the provision for credit losses and decreased operating expensis. Also, Bank of America Corp (NYSE:BAC) managed to increase its deposits by 7% last year, Insider Monkey said earlier today.

Microsoft Corporation (NASDAQ:MSFT)

Microsoft Corporation (NASDAQ:MSFT) grew by 2.01% to $32.43 in deals worth about $19.3 million. We discussed today that Microsoft Corporation (NASDAQ:MSFT) received a “AAA” credit rating. Microsoft Corporation (NASDAQ:MSFT) issued some 550 million euros in 20-year notes last week. “The “Use of Proceeds” statement in the SEC filing told of “funding for working capital, capital expenditures, repurchases of our capital stock, acquisitions and repayment of our existing debt.” A search at FINRA turned up $1 billion of debt maturing this September. With a current dividend yield of 2.9%, the payout savings from share buybacks would be more than the debt service costs on 10-year and shorter-maturity paper,” Insider Monkey said in a piece of news today.

J.C. Penney Company, Inc. (NYSE:JCP) gained 1.94% to $17.33 in turnover of slightly above $15 million. A couple of days ago, J.C. Penney Company, Inc. (NYSE:JCP) said that it plans to improve its financial flexibility and position. “As part of that process, and consistent with its previously stated plans, the Company has drawn $850 million out of its $1.85 billion committed revolving credit facility. Proceeds will be used to fund working capital requirements and capital expenditures, including the replenishment of inventory levels in anticipation of the completion of its newly renovated home departments next month,” J.C. Penney Company, Inc. (NYSE:JCP) said in a statement.

In deals worth over $14.5 million, Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) appreciated by 6.66% to $19.23. On Friday, Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) posted its financial results for the first quarter of 2013. According to a statement on the company’s website, the net income of Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) amounted to about R$7.7 billion. Operating profit surged by 72% on the quarter to R$9.8 million.


Conceptus, Inc. (NASDAQ:CPTS) has also made the list of volume leaders with a turnover worth $14.1 million. The stock jumped by 19.49% to $30.95, which made it also one of the top price gainers. Conceptus, Inc. (NASDAQ:CPTS) today announced its financial results which showed a 17.5% increase on the year in Worldwide sales, which amounted to $34.1 million. At the same time the adjusted EBITDA of Conceptus, Inc. (NASDAQ:CPTS) totalled $7.7 million. Another thing that influenced the stock was the announcement made by Conceptus, Inc. (NASDAQ:CPTS) which stated that it will be acquired by the Bayer HealthCare LLC. “Within the next ten business days, Bayer will launch a public tender offer to acquire all shares of common stock of Conceptus, Inc. The transaction values Conceptus, Inc. at approx. US$1.1 billion (approx. €852 million) representing US$31.00 per share in cash,” Conceptus, Inc. (NASDAQ:CPTS) said in a statement.

Disclosure: none

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!