Three Stocks Which Saw Volume Action
Barrick Gold Corporation (USA) (NYSE:ABX) had a resounding win with its new strategy to buy back debt. Though shareholders have been disappointed by Barrick Gold’s choice to liquidate stock to raise cash and buy back its debt, bondholders on the other hand have been hugely happy. Two of the bonds have seen great movement in the bond market look for good investments on Friday. There was distinct tightening of bps following the announcement of the buyback. Bonds positioned for 2023 and 2043 respectively have gained $0.03 and $0.06 per dollar, respectively showing high volume buzz.
Sirius XM Radio Inc (NASDAQ:SIRI) has hit the high notes after a slight falter following the revenue earnings for the previous quarter. Ever since high-end car makers like Nissan and Honda have introduced ITunes Radio, it looked moving forward was tough for Sirius. However, the increase in subscribers and the quick buyback program may well have tipped things in favour of Sirius. The buybacks are currently being funded with the present cash flow and operations besides a few lenders who have lined up. However, the last week of October had tumbled carts for the satellite-radio major as Goldman had moved the stocks of the company into Neutral position. Despite the fall, on Friday, SIRI saw an increase by 0.53% and recorded close at $3.79 purely on volume sales.
Ford Motor Company (NYSE:F) has stumbled at the markets, creating quite a buzz. However, in terms of sales Ford Fusion has had some scorching sales in the Eastern parts of US, nearing 77% increase in sales. Ford Focus and C-Max sales however were poor at 17.5 % , 20.5% respectively, for the month of October. However, the F-series truck sales have been the main revenue earners thanks to record sales of 63, 0803 units in October online. Fords resurgence in the utility segment is definitely backed by high volume buzz.