business newsAlcoa and Bank of America Among Most Active Stocks in NYSE Pre-Market
By
Christopher Witrak
Oct 10, 2012 9:30 am
SPDR S&P 500 ETF was down this morning.
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MINYANVILLE ORIGINAL The three most active funds and stocks in pre-market trading on the NYSE were Alcoa (NYSE:AA), Bank of America (NYSE:BAC), and SPDR S&P 500 ETF (NYSEARCA:SPY) as of 9:10 a.m.
Investors traded 2.11 million shares of Alcoa, which was up $0.12, or 0.08%. Alcoa reported earnings yesterday for its third quarter. The aluminum producer reported a net loss of $143 million, or $0.13 per share, compared to a profit of $172 million, or $0.15 per share, in the prior-year quarter. Revenue dropped 9% to $5.8 billion. Excluding charges for settlements with the Environmental Protection Agency and a joint venture partner in Bahrain, the company reported a profit of $0.03 per share. This amount beat analysts estimates for a break-even quarter.
Investors exchanged 1.14 million shares of Bank of America, which was up $0.07, or 2.61%. Bank of America has hired Loh Boon Chye to head its global markets in the Asia-Pacific region. Loh use to work for Deutsche Bank AG (NYSE:DB).
Investors also traded 1.08 million shares of SPDR S&P 500 ETF, which was up $0.06, or 0.65%. (Also see: Pre-Market Primer: Earnings Off to a Wobbly Start, Beijing Thumbs Its Nose at Tokyo.)
Twitter: @ChrisWitrak
Investors traded 2.11 million shares of Alcoa, which was up $0.12, or 0.08%. Alcoa reported earnings yesterday for its third quarter. The aluminum producer reported a net loss of $143 million, or $0.13 per share, compared to a profit of $172 million, or $0.15 per share, in the prior-year quarter. Revenue dropped 9% to $5.8 billion. Excluding charges for settlements with the Environmental Protection Agency and a joint venture partner in Bahrain, the company reported a profit of $0.03 per share. This amount beat analysts estimates for a break-even quarter.
Investors exchanged 1.14 million shares of Bank of America, which was up $0.07, or 2.61%. Bank of America has hired Loh Boon Chye to head its global markets in the Asia-Pacific region. Loh use to work for Deutsche Bank AG (NYSE:DB).
Investors also traded 1.08 million shares of SPDR S&P 500 ETF, which was up $0.06, or 0.65%. (Also see: Pre-Market Primer: Earnings Off to a Wobbly Start, Beijing Thumbs Its Nose at Tokyo.)
Twitter: @ChrisWitrak
No positions in stocks mentioned.
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