Keeping in touch with the data regarding the volume leaders on the market is very useful for an investor, as this figures show the stocks which are most popular. When analyzing the causes of the highly active trading, one can figure out whether the stock should be bought or not. On Tuesday, among the most traded stocks are: Barrick Gold Corporation (USA) (NYSE:ABX), Citigroup Inc. (NYSE:C), Ford Motor Company (NYSE:F), The Coca-Cola Company (NYSE:KO), and Facebook Inc (NASDAQ:FB).
Barrick Gold Corporation (USA) (NYSE:ABX) dropped by 4.95% to $18.80 in deals worth $38.6 million. One of the top positions as volume leader has been kept by Barrick Gold Corporation (USA) (NYSE:ABX) for days. The popularity of the stock is explained simply by the decline of the gold stocks, which is experienced by some other companies involved with gold.
Citigroup Inc. (NYSE:C) appreciated by 4.15% to $46.73 in turnover worth $35.5 million amid announcement of the company’s first quarter results. Citigroup Inc. (NYSE:C) yesterday posted impressive first quarter results, which turned to be higher than expected, Valuewalk reported. “Citigroup Inc (NYSE:C) posted a 30 percent rise in profits and reported that its investment banking and fixed-income businesses soared over the expectations of analysts. It reported net income of $3.81 billion or $1.23 per share. Last year the bank posted net income of $2.93 billion or 95 cents per share,” Valuewalk also said.
Ford Motor Company (NYSE:F) in a turnover of about $33.0 million, gained 1.16% to $13.10. According to egmCarTech, Ford Motor Company (NYSE:F) and General Motors announced about developing of a new generation cog swappers for cars, SUVs, trucks and crossovers.
The Coca-Cola Company (NYSE:KO)‘s shares advanced by 5.74% to $42.39 on Tuesday. The stock’s turnover amounted to some $28.5 million. The Coca-Cola Company (NYSE:KO) can be considered a big winner among the 30 Dow stocks, starting to gain more ground after announcing encouraging earnings. In our article earlier today we said that despite the fact that the company’s revenue declined by 1%, the overall sales volume increased by 4%, and “the company’s adjusted earnings-per-share figure beat estimates by a penny despite some adverse calendar effects in comparison with last year’s quarter.” Also, investors saluted The Coca-Cola Company (NYSE:KO)’s decision to sell some of its U.S. distribution assets to independent bottlers.
Facebook Inc (NASDAQ:FB) is also one of the top volume leaders on the markets, its turnover totalling $25.9 million. The share price of the company picked up 1.70% to $26.97. Today, Facebook Inc (NASDAQ:FB) announced a partnership with Rovi Corporation (NASDAQ:ROVI), which will fill out the social network’s already existing entertainment interest pages and create new ones.