Since the market is about to close, let’s take a look at the stocks that will most likely end the day as market leaders in terms of trading volume. Following the leaders on the market like volume leaders or top price gainers, but also top price losers can help an average investor understand the market’s daily gyrations a bit better. As follows, on Monday our radar picked up: Facebook Inc (NASDAQ:FB), Cisco Systems, Inc. (NASDAQ:CSCO), Bank of America Corp (NYSE:BAC), and Sirius XM Radio Inc (NASDAQ:SIRI).
Facebook Inc (NASDAQ:FB) has the largest volume in the U.S. stock market, adding about 1.8% in value to $41.3 per share in deals worth over $91 million. The stock of the operator of the largest social network has increased by more than 50% since the beginning of the year. The market cap of Facebook exceeds $100 billion, which makes it the second-largest company among internet information providers, being outrun only by Google with a $289 billion market cap, and surpassing big players like Baidu and Yahoo. With a high forward P/E of more than 42, Facebook is a company appreciated amongst investors.
Another company that is situated among trading leaders is Cisco Systems, Inc. (NASDAQ:CSCO). On Monday, the company edged down by 0.1% to $23.8 per share, coming close to its 52-week high of $26.5 in deals exceeding $32.7 million. Cisco recently opened a Center of Innovation in Rio de Janeiro, Brazil, that will be responsible for the integration of the company’s portfolio with technology from local representatives in order to build solutions for the local market. The opening of the center comes within Cisco’s investment plan in Brazil.
In deals worth about $59.7 million, Bank of America Corp (NYSE:BAC)’s stock lost 0.4% to $14.5, trailing a year-to-date return of 25.15%. Bank of America is usually always one of the top volume leaders due to its large market cap (about $155.9 billion), combined with a lower share price than its peers, other big money center banks like JPMorgan Chase or Wells Fargo. The forward P/E and PEG ratios of Bank of America amount to 10.6x and 1.8 respectively.
Sirius XM Radio Inc (NASDAQ:SIRI) also makes the list as one of the top leaders in terms of trading volume today. The company lost almost 1% to $3.7 per share, with its trading volume amounting to about $24.7 million. Since January, the stock of Sirius has gained almost 27%. After a successful quarter that brought a 12% increase in revenues, raising them to a record $940 million and a net income of $126 million, Sirius recently announced its intention to buy back $753.5 million of debt represented by 8.75% senior notes due in 2015.