In today’s market deals, some stocks managed to gain a very impressive turnover, being the volume leaders. Following these stocks is crucial because it is hard to keep track of the markets since there are literally thousands of companies listed. So, on Tuesday, among volume leaders are: Sirius XM Radio Inc (NASDAQ:SIRI), Sprint Nextel Corporation (NYSE:S), Bank of America Corp (NYSE:BAC), Microsoft Corporation (NASDAQ:MSFT), and Pfizer Inc. (NYSE:PFE).
Sirius XM Radio Inc (NASDAQ:SIRI) is the winner among volume leaders, advancing by 5.86% to $3.25 in deals worth $118.1 million. The stock gained popularity on the back of some positive financial results. Sirius XM Radio Inc (NASDAQ:SIRI) had a record revenue of $897 million in the first quarter of 2013, which is 12% higher compared to the year-ago quarter. At the same time, net income increased by 15% on the year to $124 million, and the adjusted EBITDA went up by 26% to $262 million, a statement on Sirius XM Radio Inc (NASDAQ:SIRI)’s website showed. Also today, Sirius XM Radio Inc (NASDAQ:SIRI) said that its interim CEO Jim Meyer, was appointed as the CEO of the company, a separate press release said.
Sprint Nextel Corporation (NYSE:S) lost 0.91% to $7.06 in deals worth about $80.7 million. According to ValueWalk, Softbank’s president and CEO Masayoshi Son said that DISH’s offer to purchase Sprint Nextel Corporation (NYSE:S) for $25.5 million is incomplete and illusory. He also said that his plans would offer Sprint Nextel Corporation (NYSE:S)’s shareholders a better value.
Bank of America Corp (NYSE:BAC) edged down by 0.69% to $12.30 in deals worth $75.8 million. Today Bank of America Corp (NYSE:BAC) said that the Board of Directors declared a regular quarterly cash dividend on common stock, worth $0.01 per share. “The board also declared a regular quarterly cash dividend of $1.75 per share on the 7 percent Cumulative Redeemable Preferred Stock, Series B. The dividend is payable on July 25, 2013 to shareholders of record as of July 11, 2013,” Bank of America Corp (NYSE:BAC) said in a statement.
Microsoft Corporation (NASDAQ:MSFT) advanced by 1.13% to $32.98 in deals worth almost $60 million. Microsoft Corporation (NASDAQ:MSFT) posted positive fiscal Q3 results and the shareholders are being optimistic, since Microsoft Corporation (NASDAQ:MSFT) is trying to conquer the market of cloud-related products and this move has started to increase the revenues.
Pfizer Inc. (NYSE:PFE) fell by 4.31% to $29.12 in turnover of about $62 million. According to a press release issued today, Pfizer Inc. (NYSE:PFE) posted a first-quarter revenue worth $13.5 billion, while the adjusted diluted EPS totaled $0.54. “As we begin 2013, we continue to generate attractive returns for our shareholders. We are clearly seeing the benefits of the investments we’ve been making in our innovative core, as evidenced by recent key product launches, including Eliquis, Xeljanz and various oncology products, as well as significant progress within our mid-to-late stage product pipeline, most notably palbociclib. We remain focused on driving innovation and managing the business in the context of the challenging operating environment to ensure Pfizer remains well-positioned for long-term value creation, all in the best interests of our shareholders,” Pfizer Inc. (NYSE:PFE)’s Chairman and CEO, Ian Read, said in a statement.