Stocks borrowed by an investor and sold at the same time encompassed five major names between 29 August and 19 September. Apple with its record sales of iPhone 6 on the opening weekend, moved up to the third sport. Sirius on the other hand losing most of its short position activity was tough enough to hold on to its first position.
The short fall faced by Sirius XM Holdings Incorporation (NASDAQ: SIRI) was estimated to be around 244.13 million which is almost 10.1%. Immediate buying and selling of shares between investors and brokers respectively has been declining for the company since the past 5 months. The company has been dealing with the short fall for some time and after a fall of about 1%, the shares have started to gain pace and move forward. In a week where the approximate range was in between $2.98 – $4.18, Sirius shares closed at $3.53 this Wednesday.
The Frontier Communication Corporation (NASDAQ: FTR) lost some of its footing when it collaborated with the Dish Network and this fall was recorded to be almost $149.97 million. For the company, during this time the acquiring of stocks and selling off activity lessened. Again after a steady downfall, Frontier Communication Corp. saw a steady increase within a time frame of 15 days. The shares finally closed off at $6.52, with the average market value falling in between $4.09 – $7.24.
Apple Incorporation (NASDAQ: AAPL) on the other hand showed an increase in its shares activity by almost 44%, since the launch of iPhone6. The Apple shares have slowly gained their pace after the launch of their latest model and the shares closed at a high rate of $101.75.
The company that was 124.60 million shares short by the end of Wednesday was Inter Corporation (NASDAQ: INTC). Intel’s stock positioning was only effected by 2.5% which is the least for any company in the year 2014. In the Dow stock market, the Intel shares have been performing really well and it is predicted that it will take almost 5 days for Intel to recover. The shares of the company closed on Wednesday at a price of $34.75 per share. The market average was $22.48 – $35.56.
Micron Technology Incorporation (NASDAQ: MU) showed a 5% increase in their share activity. The short fall that could have taken days to recover, was reduced to only 5 as a result of this increase. The introduction of the Apple Watch has said to have a further positive influence on the shares. Micron shares reached the price of $32.22 on Wednesday, with the market averaging at $16.17 – $34.85.
Rest of the top ten companies were: BlackBerry Limited (NASDAQ: BBRY), Comcast Corporation (NASDAQ: CMCSA), Groupon Incorporation (NASDAQ: GRPN), Staples Incorporation (NASDAQ: SPLS) and finally Microsoft Corporation (NASDAQ: MSFT). Among these companies the biggest activity was recorded in the stocks of Staples Inc. with a down fall in stock positioning of about 13%.