One stock heavily traded so far today is Bank of America Corp (NYSE:BAC). With the management making considerable efforts to deleverage in order to turn around the troubled bank, the stock has been offered a boost today: Bank of America Corp (NYSE:BAC) announced yesterday, after market hours, the selling of five-year structured notes tied to the S&P 500 worth $108.5 million. According to the prospectus filed to the Securities and Exchanges Commission (SEC), the securities have a yield of more than 23% per year if the index does not fall below its initial value and also protects against losses up to 20%. By 10:30 AM, Bank of America Corp (NYSE:BAC) was the leader of trades by volume, with 30 million shares changing hands. The stock has also advanced 1.19% to $12.34.
Another very active stock is Advanced Micro Devices, Inc. (NYSE:AMD). The giant semiconductor producer has seen its stock rising heavily in the past few days, ending Wednesday at $3.22 and Thursday at $3.41. Today it’s no different: the stock has advanced 6.45% to $3.63, with a trade volume shy of 17 million shares as of 10:30 AM. The reason for such a strong appreciation of the stock are the rumors that Advanced Micro Devices, Inc. (NYSE:AMD) “Temash” chips will be used on a new line of laptops to be soon released by Acer. AMD is also rumored to provide chips for Sony Corporation (ADR) (NYSE:SNE)’s PlayStation 4 and Microsoft Corporation (NASDAQ:MSFT)’s new Xbox 720.
American International Group Inc (NYSE:AIG) stock has been changing hands at a high rate as well. The US’s biggest insurance company has just announced its financial results for the first quarter of 2013, surpassing the Wall Street expectations. American International Group Inc (NYSE:AIG) has reported Earnings per Share (EPS) of $1.34, higher than the analysts’ estimates of $0.88 and operating income of $3 billion, according to Bloomberg. These results underline the new management’s astounding success in turning around the insurer that had too seek government bailout during the 2008 financial crisis. The stock has advanced 5.3%, trading at $44.38, with a volume of more than 14 million shares.
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