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Sprint and Bank of America Among Most Active Stocks in NYSE Pre-Market

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VelocityShares 3x Inverse Silver ETN was up this morning.

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MINYANVILLE ORIGINALThe three most active funds and stocks in pre-market trading on the NYSE were Sprint (NYSE:S), Bank of America (NYSE:BAC), and VelocityShares 3x Inverse Silver ETN (NYSEARCA:DSLV) as of 8:50 a.m. EDT.

Investors exchanged 48.42 million shares of Sprint, which was up $0.15, or 2.62%. Softbank (TYO:9984) announced today that it will buy a 70% stake in Sprint in a deal valued at $20.1 billion. Softbank will invest $8 billion into Sprint, and it will purchase $12.1 billion in shares at $7.30 per share.
Investors traded 1.38 million shares of Bank of America, which was up $0.08, or 0.88%. According to Businessweek, homeowners have filed a lawsuit against twelve banks, including Bank of America, for allegedly rigging the Libor rate. The homeowners claim the manipulation of the Libor lending rate made their mortgage repayments more expensive.

Investors also traded 1.08 million shares of VelocityShares 3x Inverse Silver ETN, which was up $0.74, or 3.38%. Silver was down $0.46, or 1.38%, as of 8:31 a.m. EDT.

Twitter: @ChrisWitrak
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