Insightful analysis and commentary for the US and global equity investor
Contributors: Douglas McIntyre Jon C. Ogg

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Monday, July 17, 2006

Widely Traded 48 Hours Clock: the Sub-$5 Stocks


24/7 Wall St. has begun coverage of the 36 most widely traded stocks, eighteen each from the NYSE and the NASDAQ. Most of these stocks trade over 50 million shares a week. This new feature will highlight each of the 36 stocks at least every 48 hours giving investors fresh infomation and perspective on the companies whose shares are most likely to move the broader markets.

Ticker Last Change
CIEN $4.01 $0.09
FNSR $3.05 $(0.02)
JDSU $2.10 unch.
LU $2.04 $(0.02)
LVLT $4.16 $0.12
SIRI $4.13 $0.10
SUNW $3.86 $(0.02)

Level 3 (LVLT) is the winner in sub-$5.00 land today on a Needham upgrade to a BUY from HOLD and on a massive short squeeze. Also see our story from earlier HERE discussing it benefitting from the potential increased online video demand.

Ciena (CIEN) looks up in conjunction with Adtran (ADTN) up 5% ahead of its earnings this week.

Sirius (SIRI) is not up on any organic news of its own, and competitor XM Satellite radio (XMSR) is basically flat on the day.

You can pass a yawn over to LU, SUNW, FNSR, and JDSU as they are just weeble wobbling from negative to positive on no news.

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