4 Stocks represented 20% of today’s volume
Volume continues to be concentrated in just a few names. Today, in a universe of over 5000 stocks in the U.S. equity market, only 4 stocks contributed 20% of the volume.
Citigroup (C), Bank of America (BAC), Fannie Mae (FNM) and Freddie Mac (FRE) traded a total of 2.041 billion shares. Overall volume in the U.S equity market was only 10 billion shares.