Heavy Volume for Marshall & Ilsley, AK Steel and Blockbuster Inc. (NYSE:MI),(NYSE:AKS),(NYSE:BBI)
Today’s stocks undergoing heavy volume trading include Marshall & Ilsley Corporation (NYSE:MI), AK Steel Holding Corporation (NYSE:AKS) and Blockbuster Inc. (NYSE:BBI). Read on for more information.
Marshall & Ilsley Corporation (NYSE:MI) is up sharply as 22.4M shares have already traded hands, 2X average daily volume of 10M shares. Shares last checked in $9.33 (+$0.92/+10.94%). News of the beating the expected loss appears to be contributing to gains.
AK Steel Holding Corporation (NYSE:AKS) has plunged in the market lately and today is no exception as 25M shares have already crossed the floor, approaching 3X average daily volume of 9.8M. Shares were last trading at $19.39 (-$1.44/-6.91%). Even though they reported a profit, Q2 does not look promising.
Blockbuster Inc. (NYSE:BBI) has had a recent surge in pennystockdom. Shares spiked recently up from the $0.30 level to the last trades of $0.51, down -$0.05/-9.23% for the day. Over 2X average daily volume has already passed the market for Blockbuster today, 21.6M versus 9.2M average shares. The recent rally appears to be solely on hope.