Most Active Dow Jones Stocks; Bank of America declines on Higher Loss whereas General Electric and Intel bolster Market Sentiments

stock newsBank of America Corporation (NYSE:BAC) has been traded under pressure in today’s trading session and has declined by 1.54 percent to $14.03 till the mid day. The total traded volume stood at 101 million shares till now as compared to its average daily volume of 194.75 million shares. The share price has slumped on the news that the bank has reported the net loss of $1.2 billion for the quarter ended December 31st 2010 as compared to net loss of $194 million for the same quarter in 2009. Moreover the news that the company would be paying $10 billion to settle its disputes over toxic mortgages further adds to selling pressure.

General Electric Company (NYSE:GE) has surged by more than 1.5 percent to $20.04 till its mid day trading session. Traded volume stands at 54.91 million shares as compared to daily average volume of 59.18 million shares. Investors seem very confident about the GE as the company has recently entered in many strategic partnerships promising high prospects. GE is going to make a fully independent power producer in Southeastern United States with collaboration of ArcLight and Singapore based GIC. General Electric will own 24.95 percent interest in the power project.

Intel Corporation (NASDAQ:INTC) has gained more than 1.4 percent in today’s trading session to $21.11 with traded volume of 35.75 million shares till the mid day. The share price has moved on the announcement of $0.1812 as cash dividend for quarter which results in cash dividend of $0.7248 for the whole year. The books will be closed on February 7th, 2011 and will be paid by March 1st, this year. The announced dividend is 15 percent higher as compared to the last quarterly dividend announced by the company.

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Rehan Khan

About Rehan Khan

Rehan Khan has been involved in the financial sector for last 6 years. During that time he has been associated with many financial institutions, banks and brokerages. Rehan is also a graduate in finance and has been writing for last 2 years for various web publications, specializing in US stock markets, penny stocks, forex and commodities.

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