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Large Cap Stocks to Watch Out: Ford Motor Company, Citigroup Inc., Bank of America Corporation, Oracle Corporation

Posted by admin 975 days ago (http://emailwire.com)

(EMAILWIRE.COM, September 17, 2010 ) New York, NY-Following are among the most active mid cap stock movers based on the market capitalization of $10bln-$200bln.

Ford Motor Company (NYSE:F) soared 4.80% to $12.44 on over 141.41 million shares after Barclays Capital upgraded the stock to overweight from equal weight. The brokerage firm also raised its price target on the stock to $16 a share from $15.

So far, the market capitalization of the stock stood at $42.79 billion. Over the past 52-weeks, the stock has been trading within the range of $6.61-$14.57.

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Citigroup Inc. (NYSE:C) surged 1.28% to $3.97 on over 378.34 million shares. Today, the stock opened at $3.89.

The 52-week range of the stock is $3.11-$5.07. The volumes were low today at 378.34 million shares as compared to its daily average volume of 387.61 million shares.

Bank of America Corporation (NYSE:BAC) dropped 1.17% to $13.55 on over 120.79 million shares. Bank of America Corporation is a bank holding company, and a financial holding company. The Company is a financial institution, serving individual consumers, small and middle market businesses, large corporations and governments with a range of banking, investing, asset management and other financial and risk management products and services.

Oracle Corporation (NASDAQ:ORCL) fell 1.48% to close the day at $25.36 on over 52.95 million shares. The company late Thursday posted fiscal first-quarter net income that beat analysts' estimates, helped by strong demand for software licenses. Net income climbed 20% to $1.35 billion, or 27 cents a share, from $1.12 billion, or 22 cents a share, in the year-ago quarter.

Revenue jumped 48% to $7.5 billion from $5.05 billion in the same quarter last year. Analysts, on average, expected the company to report earnings of 37 cents a share on revenue of $7.27 billion.

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