The markets had a successful start on April 5 for some stocks. Some big companies scored as market’s volume leaders on Friday morning. The high liquidity has determined the price for this stocks and caused to rise or to decline. Interestingly, most of these stocks closed yesterday as volume leaders as well. Among these stocks are Bank of America Corp (NYSE:BAC), Facebook Inc (NASDAQ:FB) and Cisco Systems, Inc. (NASDAQ:CSCO).
Bank of America Corp (NYSE:BAC) is the leader in trading on Friday morning. The stock has inched up by 0.17% to 11.96 in deals worth some $65.2 million by 11.49 am EDT. Bank of America Corp (NYSE:BAC) also closed as the most traded stock on Thursday. Yesterday, the company announced about installing new ATMs in its branches, which will have Teller Assist programm, which will allow customers to get in touch with a bank employee even outside working hours.
With a turnover of some $37.8 million, Facebook Inc (NASDAQ:FB) is the second-highest traded stock during Friday early hours. Facebook’s shares gained 2.06% to 27.63 by 11.49 am EDT. On Thursday, Facebook Inc (NASDAQ:FB) announced Facebook Home a customized homescreen that will be installed on Android-based smartphones. Facebook Inc (NASDAQ:FB) together with HTC will roll out a $99 phone that will come with the facebook home page.
Cisco Systems, Inc. (NASDAQ:CSCO) is the third company with the highest turnover. In deals worth about $31.5 million, Cisco’s shares slid by 2.40% to 20.54 by 11.49 am EDT. Yesterday was, Cisco Systems, Inc. (NASDAQ:CSCO)’s ex-dividend day, NASDAQ said. A cash dividend of $0.17 per share is expected to be paid on April 24.
The next on the list is Zynga Inc (NASDAQ:ZNGA), with a turnover worth about $22.8 million. Zynga’s shares appreciated by 2.90% to 3.55 by 11.49 am EDT. Zynga Inc (NASDAQ:ZNGA) has appointed John Doerr, a high-profile venture capitalist from Kleiner Perkins Caufield & Byers, to its board of directors. Yesterday Zynga Inc (NASDAQ:ZNGA) announced about a partnership with Bwin, a company with licenses to operate real-money gaming websites overseas, for real-money gambling in the U.K., after which it closed also one of the top volume leaders.
Delta Air Lines, Inc. (NYSE:DAL) had a turnover of $21.9 million on Friday morning. However, Company’s shares dropped by 4.78% to 14.05 by 11.49 am EDT. Yesterday, Delta Air Lines, Inc. (NYSE:DAL) has released a statement where it announced about signing a partnership with the City of Los Angeles and Los Angeles World Airports to overhaul the Terminal 5 at Los Angeles International Airport. The cost of the investment is estimated to $229 million and the construction works has already begun and will be conducted in several phases with full completion in 2015.
Other major gainers on Friday morning are Micron Technology, Inc. (NASDAQ:MU) with $21.7 million turnover, followed by Microsoft Corporation (NASDAQ:MSFT) with $18.4 million.
Microsoft Corporation (NASDAQ:MSFT)’s shares lost 1.03% to 28.30 by 11.49 am EDT. The company is currently under pressure since the competition has closed the gap in several markets, despite the fact that Microsoft Corporation (NASDAQ:MSFT) once owned 90 percent of the “operating system market.”
Untill the market closes and we can see how did the stocks performed overall during the day, we advise you to look on our list of 20 Best S&P 500 Stocks of the Past Week.
