Editor’s note: Related tickers: Sirius XM Radio Inc (NASDAQ:SIRI), Oracle Corporation (NASDAQ:ORCL), Sprint Nextel Corporation (NYSE:S), Nokia Corporation (ADR) (NYSE:NOK), Cisco Systems, Inc. (NASDAQ:CSCO)
Since the markets are already closed, it is time to take a look at some stocks which excelled today in terms of trading volume. These stocks are the most popular, this is why their turnovers are some of the highest on the markets. These stocks include: Sirius XM Radio Inc (NASDAQ:SIRI), Oracle Corporation (NASDAQ:ORCL), Sprint Nextel Corporation (NYSE:S), Nokia Corporation (ADR) (NYSE:NOK), and Cisco Systems, Inc. (NASDAQ:CSCO).
Sirius XM Radio Inc (NASDAQ:SIRI) closed with a turnover of $33.3 million. However the stock ended flat at $3.12. On Tuesday, Sirius XM Radio Inc (NASDAQ:SIRI) will report its financial results and they are expected to be strong, as subscribers for the satellite-radio provider could increase on the back of good auto sales. Earlier this year, Sirius XM Radio Inc (NASDAQ:SIRI) hit a four-year high of $3.25 and since then, it has been moving around this number.
Oracle Corporation (NASDAQ:ORCL) edged down by 0.40% to $32.23 in deals worth $26.6 million. According to Analyst Ratings Network, Oracle Corporation (NASDAQ:ORCL) today received a “buy” rating from The Street.
Growing by 2.15% to $3.32, Nokia Corporation (ADR) (NYSE:NOK) ended the day with an almost $26.9 million turnover. Recently the joint venture between Nokia Corporation (ADR) (NYSE:NOK) and Siemens (Nokia Siemens Networks) together with the Finnish University and Research Network (Funet) have completed a field trial for simultaneously deploying 10G (gigabits per second) and 100G optical network connections for a distance of 1,000 km (about 621 miles), Nokia Siemens Networks said in a statement.
Cisco Systems, Inc. (NASDAQ:CSCO) is the next on the list with a turnover worth over $24.9 million. The stock appreciated by 1.67% to $21.01. Cisco Systems, Inc. (NASDAQ:CSCO) last week said about new solutions for storage area networks (SANs), which have a higher performance, scalability and reliability than other competing systems. The solutions are created as a result of increasing of quantities of data for processing and storing generated by cloud computing, Big Data and the Internet of Things, Cisco Systems, Inc. (NASDAQ:CSCO) said in a statement.
In deals worth about $24.3 million, Sprint Nextel Corporation (NYSE:S) inched up by 0.07% to $7.13. According to the Analyst Ratings Network, today analysts at Guggenheim have given Sprint Nextel Corporation (NYSE:S) the “Neutral” rating, the previous one being “Buy”. The analysts also increased the price target to $7.0 from $6.5. Also, in a statement issued today, Sprint Nextel Corporation (NYSE:S) have obtained a waiver of different provisions of the merger agreement between Sprint Nextel Corporation (NYSE:S) and SoftBank. The waiver will allow Spring to reach a non-disclosure agreement and discussions with DISH Network Corp. (NASDAQ:DISH) in order to obtain more information about DISH Network Corp. (NASDAQ:DISH)’s proposal to acquire Sprint.
Disclosure: none
