The most popular stocks on the markets are the stocks that have highest turnovers, which means that the shares of these companies change hands more often. At the same time, this either means that there are a lot of people wanting to acquire stocks, or that there are many people trying to get rid of them. But anyway, looking at the volume leaders on the market, makes it possible to see the direction in which the markets are going. On Friday, the most traded stocks are Microsoft Corporation (NASDAQ:MSFT), General Electric Company (NYSE:GE), Bank of America Corp (NYSE:BAC), Dell Inc. (NASDAQ:DELL), and Sprint Nextel Corporation (NYSE:S).
Microsoft Corporation (NASDAQ:MSFT) is the most mainstream stock, if we can say so. The stock of Microsoft advanced by 3.76% to $29.87 in deals worth $53.2 million. After posting the financial figures, Microsoft Corporation (NASDAQ:MSFT)’s shares jumped, since the company posted profit of $0.72 per share against Wall Street estimates of $0.68 per share. Adjuted for deferred revenue, sales grew by 8% in the quarter, amounting to $19.8 billion. Also, Microsoft Corporation (NASDAQ:MSFT) announced the release of a seven-inch tablet, which is supposed to compete with the iPad Mini and Kindle Fire.
General Electric Company (NYSE: GE) is the second most traded stock with a turnover worth $45.9 million. The share price of the company fell by 4.01% to $21.76. General Electric Company (NYSE:GE) posted $3.5 billion net income ($0.34 per share), which is 16% higher than the quarter from the last year. The company’s revenue totalled $35 billion.
Bank of America Corp (NYSE:BAC) picked up by 0.75% to $11.53 in deals worth $45.7 million. Bank of America Corp (NYSE:BAC) posted some underperformed financial results a couple of days ago. Today Reuters reported that American International Group Inc (NYSE:AIG) has won a bid in the federal appeals court, which stated that “the insurer’s $10 billion lawsuit against Bank of America Corp (NYSE:BAC) over mortgage losses belongs in state court, not federal court.”
Dell Inc. (NASDAQ:DELL) has also made the list with a turnover of over $41.1 million. The shares of Dell Inc. (NASDAQ:DELL) declined by 3.80% to $13.42. According to Yahoo! News, AP reported that Blackstone Group has closed its courtship of Dell Inc. (NASDAQ:DELL) and quoted The Wall Street that Blackstone Group dropped the plan to purchase most of Dell’s ourstanding stock for $14.25 per share.
Sprint Nextel Corporation (NYSE:S) is the last on the top five volume leaders. The stock inched up 0.14% to $7.20 in deals worth slightly over $40 million. Bloomberg said that Dish Network Corp filed a request with the U.S Federal Communications Commission to postpone action on Softbank Corp’s offer. Dish Network offered to acquire Sprint Nextel Corporation (NYSE:S) for $25.5 billion.