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Bank of America Corporation (BAC), Sirius XM Radio Inc. (SIRI), Ford Motor Company (F): Big Volume Stocks on Tuesday

Editor’s Note: Related Tickers are Bank of America Corp (NYSE:BAC), Sirius XM Radio Inc (NASDAQ:SIRI), Ford Motor Company (NYSE:F), Facebook Inc (NASDAQ:FB),  JPMorgan Chase & Co. (NYSE:JPM), Citigroup Inc. (NYSE:C) and Google Inc (NASDAQ:GOOG)

We will now take a quick look at these four stocks that are the largest traded by volume today. These are Bank of America Corp (NYSE:BAC), Sirius XM Radio Inc (NASDAQ:SIRI), Ford Motor Company (NYSE:F) and Facebook Inc (NASDAQ:FB).

Bank of America Corp (NYSE:BAC) is the volume leader so far today, with more than $69.5 million worth of shares changing hands so far. The price of the stock has risen 1.66% to $13.47, making it one of the top five gainers in the Dow. The financial services leader, as well as its peers such as JPMorgan Chase & Co. (NYSE:JPM) and Citigroup Inc. (NYSE:C), were buoyed by today’s report that home prices have had their largest annual gain in seven years, suggesting economic recovery in the United States.

Bank of America Corp (NYSE:BAC)

Sirius XM Radio Inc (NASDAQ:SIRI) is next, with over $38.5 million worth of shares changing hands today so far. The price of Siri has benefitted of late from strong subscriber revenue growth, with the company reporting a 12% increase in the latest quarter. First-quarter earnings were also impressive, rising 15% over the corresponding quarter of the prior year.

Thirdly over $37 million worth of the common stock of Ford Motor Company (NYSE:F) have been traded so far today, with the stock rising 3.21% to $15.26. The company’s stock price has recently benefitted from optimism surrounding prospective cost-savings due to the closure of its Australian plants, as well as rising car sales in China, which were up 37% in April. The stock is now at its 52-week high.

Finally we come to Mark Zuckerberg’s Facebook Inc (NASDAQ:FB), with over $37 million shares traded so far today, although as of writing the stock is down by 0.5%. Google Inc (NASDAQ:GOOG) and Facebook Inc (NASDAQ:FB) have recently been in a bidding war for Waze, a mobile app developer based in Israel. This has had an adverse effect on the price of both tech giants. The stock trades with an utterly fantastic Price-Earnings Ratio of 2,116.667, leading many analysts to be concerned about its valuation.

Disclosure: none

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