Editor’s note: Related tickers: J.C. Penney Company, Inc. (NYSE:JCP), U.S. Bancorp (NYSE:USB), Micron Technology, Inc. (NASDAQ:MU), Sirius XM Radio Inc (NASDAQ:SIRI), General Electric Company (NYSE:GE)
In the stock market world, there is a race going between companies. The winners of this race are not just companies who manage to gain the most in terms of share price, but also, companies that are the most traded. We have already reported about the five most traded stocks on Tuesday. Now, let’s take a look at some other stocks, which are also among the most liquid. These stocks include: J.C. Penney Company, Inc. (NYSE:JCP), U.S. Bancorp (NYSE:USB), Micron Technology, Inc. (NASDAQ:MU), Sirius XM Radio Inc (NASDAQ:SIRI), General Electric Company (NYSE:GE).
J.C.Penney Company, Inc. (NYSE:JCP) jumped by 6.25% to $15.29 in deals worth $26 million. It has been a tough period for J.C. Penney Company, Inc., the company being in the middle of some bad news, including the the loss of CEO Ron Johnson and some other top executives hired by him. As we’ve said before, this came “despite the return of coupons and other discounts — same-store sales were on pace to decline by double digits for the fifth straight quarter.” Even though the company reported cash and cash equivalents worth $930 million at the end of fourth quarter, the company will lose ground in the first quarter, one of the signs being the withdrawal of $850 million on its credit line to fund working capital needs.
On the other hand, U.S. Bancorp (NYSE:USB) lost some ground, declining by 1.80% to $32.71 in turnover worth $25.7 million. According to Bloomberg, U.S. Bancorp (NYSE:USB)’s net income grew by 6.7% on the year to $1.43 billion ($0.73 per share), while its revenue fell by 1.1% to $4.87 billion. “This year will be a harder year for revenue growth,” Bloomberg quoted CEO Richard Davis.
Micron Technology, Inc. (NASDAQ:MU) advanced by 2.82% to $9.83 in deals worth $25.9 million. Earlier today we discussed the latest success of Micron Technology, Inc. (NASDAQ:MU), which is advancing fast having already over 40% year-to-date. The pending acquisition of Elpida will most likely boost the share price of Micron Technology, Inc. (NASDAQ:MU) even higher, since Elpida’s assets will add 45% to Micron’s 300 million-total wafer capacity.
Sirius XM Radio Inc (NASDAQ:SIRI) is also doing fine today. The stock picked up by 0.66% to $3.05 in deals worth $24.6 million amid the news about launching its MySXM platform on Monday. The new service from Sirius XM Radio Inc (NASDAQ:SIRI) will offer users a better way of customization and will strengthen the company’s position as a musing streaming leader, Valuewalk said.
General Electric Company (NYSE:GE) has also made our list with an increase of 1.05% to $23.05. At the same time, the stock’s turnover totaled $27.2 million. According to CNBC, General Electric will post higher Q1 earnings after the sale of NBC Universal. General Electric Company (NYSE:GE) “is expected to post a gain of $1 billion on its $16.7 billion sale of 49 percent of NBC Universal to Comcast when it reports results on Friday. But a weak economy in Europe and an uncertain one in the U.S. may hold back GE’s growth in healthcare, appliances and power generation equipment,” CNBC also said.
Disclosure: none
