Today's Volume Leaders: Citi, SPY, BofA, and Sprint (C, BAC, SPY, S)

NYSE Floor - Traders

Volume on the major exchanges is light today but as usual leading the charge is Citigroup Inc. (NYSE:C) followed by the SPDR S&P 500 (ETF) (NYSE:SPY), Bank of America (NYSE:BAC) and Sprint (NYSE:S).

Brazil blew it by rejecting an offer to buy 30% of Citigroup (NYSE:C) as the bank tried to raise capital in the crisis, the country's energy and mines minister says. “We made a mistake,” says Edison Lobao. “We could have bought it and made a big profit. It was a lost opportunity, but I think any prudent government would have been cautious."

Brazil could have picked up Citi on the cheap, under $1 a share, today shares of Citi are at $4.24

The  SPDR S&P 500 (ETF) (NYSE:SPY) is trading near its 52-week high of $111.74, shares are flat heading into the afternoon at $110.  Henry Blodget believes the Markets Are 20% Overvalued; and its Time to Short The SPY (click to read Bezinga.com article).

Today's volume leaders are the following:

Symbol Name Last Trade Change Volume
C CITIGROUP INC 4.23 2:00PM ET Down 0.05 (1.17%) 132,966,287
SPY S&P DEP RECEIPTS 110.70 2:00PM ET Down 0.12 (0.11%) 86,063,750
BAC BK OF AMERICA CP 16.14 2:00PM ET Down 0.15 (0.92%) 82,273,359
S SPRINT NXTEL CP 3.80 2:00PM ET Down 0.10 (2.56%) 82,628,272

 

 

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