As usual, we take a look at some of the most traded stocks during the day and try to provide some background information on these companies. Watching volume leaders on the markets is crucial, since there are several thousands of companies listed and it’s hard to follow all of them. In this way, tracking only the most traded ones is a good thing since these stocks are the most popular and widely-covered companies. Among these are: Ford Motor Company (NYSE:F), Cisco Systems, Inc. (NASDAQ:CSCO), Dell Inc. (NASDAQ:DELL), Arch Coal Inc (NYSE:ACI), and Sirius XM Radio Inc (NASDAQ:SIRI).
In deals worth slightly over $25 million, Ford Motor Company (NYSE:F) gained 2.11% to $13.34. According to Bloomberg, the current North American profit for the first quarter of 2013 of the company may be the highest ever. Analysts at Morgan Stanley and JPMorgan Chase & Co estimate that the pretax profit of Ford Motor Company (NYSE:F) can amount to $2.7 billion.
Cisco Systems, Inc. (NASDAQ:CSCO) advanced by 1.41% to $20.88 in turnover worth over $23.2 million. At the beginning of April, Cisco Systems, Inc. (NASDAQ:CSCO) announced in a statement that it plans to acquire Ubiquisys, which is a leading provider of intelligent 3G and long-term evolution (LTE) small-cell technologies. “The acquisition of Ubiquisys further reinforces Cisco’s commitment to service providers and strengthens its mobility expertise to deliver more intelligent mobile Internet networks,” Cisco Systems, Inc. (NASDAQ:CSCO) said in a statement.
The turnover of Dell Inc. (NASDAQ:DELL) totalled almost $23.1 million, while the stock edged down 0.64% to $13.16. In a press release issued today, Dell Inc. (NASDAQ:DELL) said that it received the 2013 Confirmit Achievement in Customer Excellence (ACE) Award. “The Confirmit ACE Awards program celebrates outstanding achievement in customer satisfaction, employee satisfaction, and/or partner satisfaction,” Dell Inc. (NASDAQ:DELL) said. The Award was given based on positive customer feedback about Dell Inc. (NASDAQ:DELL)’s support experiences, the statement added.
Arch Coal Inc (NYSE:ACI) slumped by 4.91% to $4.65 in deals worth $22.1 million. The company today reported its financial results for the first three months of 2013. According to a statement issued by Arch Coal Inc (NYSE:ACI), the company posted a net loss of $70 million ($0.33 per diluted share). In the first three months of the previous year, Arch Coal Inc (NYSE:ACI) had a loss of $8 million.
Sirius XM Radio Inc (NASDAQ:SIRI) grew by 2.31% to $3.10 in turnover worth more than $22.0 million. Sirius XM Radio Inc (NASDAQ:SIRI) said yesterday that it will offer for its listeners nationwide a comprehensive coverage of the 2013 NFL Draft, which will take place since April 25 until April 27. “SiriusXM will broadcast every selection from every round and offer live commentary and analysis leading up to and throughout the Draft on SiriusXM NFL Radio, plus additional coverage on the Mad Dog Radio and SiriusXM Fantasy Sports Radio channels,” Sirius XM Radio Inc (NASDAQ:SIRI) said in a statement.