NEW YORK, Oct. 24, 2013 /PRNewswire/ -- In its quarterly
study of liquidity in the U.S. equity markets, Abel/Noser offers
new data that show differences between activity at the
institutional investment firms and the activity of all investors.
The data summarizes trading of all equities in the third quarter.
Stocks are then ranked by their average dollars traded per day.
That ranking is then compared to the ranking of those stocks seen
traded in the Abel/Noser universe ($4
trillion in dollars traded) which is comprised of some of
the largest institutional managers in the world.
According to the analysis, the retail investor community has a
heavy appetite for relatively new issue "high flyers"—stocks that
are trading with high multiples—and subsequent media darlings like
Facebook (Nasdaq: FB), Tesla Motors (Nasdaq: TSLA) and Netflix
(Nasdaq: NFLX).
"Apple, for example is the most actively traded stock in the
US. It is ranked at the top in our universe of trades we
analyze and also sits at the top of all trading. It
represents more than 4 percent of all US stock trading.
Tesla, on the other hand, ranked 5th in the US in
dollars traded in the third quarter, but of the institutions we
analyze was ranked only 346. Tesla saw more trading volume
than did names like Citigroup, Exxon, JPMorgan Chase, and GE, but
among institutional trading, 345 other stocks traded more," noted
Bill Conlin, President and Chief
Executive Officer, Abel/Noser.
Other stocks which showed a particularly large gap between all
trading (market rank) and institutional trading (universe
rank):
- General Motors (NYSE: GM), with a market rank of 40 and a
universe rank of 141
- Tesla Motors (Nasdaq: TSLA), with a market rank of 5 and a
universe rank of 346
- Yelp (NYSE: YELP), with a market rank of 164 and a universe
rank of 1,187
- Berkshire Hathaway A (NYSE: BRK.A), with a market rank of 524
and a universe rank of 2009
- Abbott Labs (NYSE:ABT), with a
market rank of 104 and a universe rank of 45
- Time Warner (NYSE:TWX), with a market rank of 100 and a
universe rank of 46
Stocks such as Apple (Nasdaq: AAPL), Microsoft (Nasdaq: MSFT)
and Google (Nasdaq: GOOG) continue to pique the interest of all
investors.
Other facts about liquidity:
- The top 10 most liquid stocks ranked by average dollars traded
per day make up 13% percent of all the dollars traded in more than
12,500 stocks that traded in the third quarter
- One quarter of all the dollars that are traded are traded in
just 40 stocks
- It takes only the 188 most liquid stocks to trade half of all
dollars
- By stock rank 568, three quarters of all dollars have been
traded, which means 4.5% of companies represent 75% of all
activity
The liquidity report does not include ETFs as they tend to
dominate individual stocks in value traded.
Liquidity Report: 07/01/2013 to
09/30/2013
Market
Rank
|
Universe
Rank
|
Symbol
|
Name
|
Average $ Per
Day
|
Cumulative $ Per
Day
|
% of Grand
'Total
|
Cumulative % of
Total
|
1
|
1
|
AAPL
|
APPLE INC
|
5,958,821,376
|
5,958,821,376
|
4.04
|
4.04
|
2
|
44
|
FB
|
FACEBOOK
INC-A
|
2,673,141,163
|
8,631,962,539
|
1.81
|
5.85
|
3
|
4
|
MSFT
|
MICROSOFT
CORP
|
1,689,702,613
|
10,321,665,152
|
1.15
|
7.00
|
4
|
2
|
GOOG
|
GOOGLE INC-CL
A
|
1,585,925,461
|
11,907,590,613
|
1.09
|
8.09
|
5
|
346
|
TSLA
|
TESLA MOTORS
INC
|
1,489,089,109
|
13,396,679,723
|
1.02
|
9.11
|
6
|
26
|
BAC
|
BANK OF AMERICA
CORP
|
1,333,677,312
|
14,730,357,035
|
0.91
|
10.02
|
7
|
12
|
C
|
CITIGROUP
INC
|
1,163,141,504
|
15,893,498,539
|
0.79
|
10.81
|
8
|
3
|
XOM
|
EXXON MOBIL
CORP
|
978,786,581
|
16,872,285,120
|
0.67
|
11.48
|
9
|
5
|
JPM
|
JPMORGAN CHASE &
CO
|
971,955,072
|
17,844,240,192
|
0.66
|
12.14
|
10
|
14
|
CSCO
|
CISCO SYSTEMS
INC
|
825,015,317
|
18,669,255,509
|
0.56
|
12.71
|
Full Liquidity Reporting is available for a small annual
subscription price. Please contact info@AbelNoser.com or visit us
at www.abelnoser.com
About Abel/Noser Corp.
Abel/Noser Is one of the oldest
and largest independent agency brokerages providing a range of
tools and services for institutional sponsors and investment
managers. Abel/Noser offers comprehensive solutions and
analytics throughout the pre-trade, execution and post-trade cycle,
including Transaction Cost Analysis (TCA), domestic and
international commission recapture for equities and fixed income,
transition management, liquidity analysis and customized
algorithms. Founded in 1975 and headquartered in New York, Abel/Noser is a member of the NYSE,
FINRA and SIPC.
About Abel Noser Solutions
A sister company to
Abel/Noser, Abel Noser Solutions was launched in 2007 to pioneer
new trading methods, and to provide broker-neutral pre-trade,
real-time and post-trade tools to institutional investors. Each day
the company collects data from over 500 firms, and records trading
data for over 20,000 stocks that trade on over 100 exchanges to
provide one of the most comprehensive views of the industry.
Clients receive actionable analysis at every point in the trade
lifecycle, and on average pay commissions that are 44% lower than
industry benchmarks.
Contacts:
Sharron
Silvers / Taylor McGrann
KCSA Strategic Communications
212-896-1282 / 212-896-1253
ssilvers@kcsa.com / tmcgrann@kcsa.com
SOURCE Abel/Noser Corp.