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Facebook Inc (FB) Joins Bank of America Corp (BAC) & Advanced Micro Devices, Inc. (AMD) As Key Shakers Today

The Standard & Poor’s 500 Index rose to historical highs on Friday, May 3 and has continued the climb today. Today’s advance of the index has been further fueled by positive payroll and employment reports, issued on Friday. There has not been major change in the most actively traded stocks, with Bank of America Corp (NYSE:BAC) and Advanced Micro Devices, Inc. (NYSE:AMD) holding the first two positions and Facebook Inc (NASDAQ:FB) being the newcomer, as of 12:00 PM.

Bank of America Corp (NYSE:BAC)

Bank of America Corp (NYSE:BAC) has been the most traded stock so far this morning, with approximately 95 million share changing hands. The stock has advanced 4.08% and is trading at $12.74 at noon. Bank of America Corp (NYSE:BAC) announced last week the issuance of security notes worth in excess of $100 million. The stock has today continued its advance after a report that bond insurer MBIA Inc. (NYSE:MBI) and Bank of America have reached a settlement for their ongoing legal disputes. The banks is to pay a compensation of $1.6 billion in cash.

Another stock that has maintained its position among the most traded ones is Advanced Micro Devices, Inc. (NYSE:AMD). Last week the giant semiconductor producer had seen its stock advance on rumors of an agreement with Acer to use AMD’s “Temash” chips on a new line of laptops, that is to be issued soon. Yahoo! Finance also reports that Advanced Micro Devices, Inc. (NYSE:AMD) has started the exchange offer for its 7.50% Senior Notes due 2022. The price of the stock has risen by 2.43% this morning and is currently trading at $3.69. The volume of the trade is in excess of 25 million shares by 12:00 PM.

A new entrant in the top most active stocks is Facebook Inc (NASDAQ:FB). The stock has been actively traded on fears that the company’s North American market might be close to saturation. The monthly growth in terms of users from United States and Canada, who are the company’s most profitable ones, has been a minor 6.6% year-over-year. Strong financial results from its competitor LinkedIn Corp (NYSE:LNKD) have put further pressure on the stock price of Facebook Inc (NASDAQ:FB). It has fallen 2.3% to a price of $27.66 and has registered a trading volume of 25.5 million shares.

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