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Advanced Micro Devices and Bank of America Among Most Active Stocks in NYSE Pre-Market


Sprint was down this morning.

MINYANVILLE ORIGINAL The three most active funds and stocks in pre-market trading on the NYSE were Advanced Micro Devices (NYSE:AMD), Bank of America (NYSE:BAC), and Sprint (NYSE:S) as of 9:05 a.m.

Investors exchanged 9.69 million shares of Advanced Micro Devices, which was down $0.31, or 9.69%. Advanced Micro Devices cut its forecast for its third quarter yesterday, stating that it expects sales in the third quarter to decline 10% from the second quarter.

Investors traded 6.61 million shares of Bank of America, which was down $0.12, or 1.28%. According to a Reuters report, nearly one-sixth of Bank of America employees, or 42,000 people, work on servicing the bank's troubled mortgages. Operating costs in the unit have increased 29% year-over-year, and Bank of America has added 7,000 employees in that area.

Investors also traded 2.65 million shares of Sprint, which was down $0.11, or 1.91%. Softbank may make a bid to acquire two-third or all of Sprint. Reports have said the value of the deal may be 1 trillion yen or 1.5 trillion yen, which is about $13 billion or $19 billion.

Twitter: @ChrisWitrak
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