E*Trade Financial Stock Falls On Unusually High Volume (ETFC)
E*Trade Financial (Nasdaq:ETFC) is trading at unusually high volume Thursday with 32.9 million shares changing hands. It is currently at 7.6 times its average daily volume and trading down 72 cents (-6%).
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- E*Trade Financial (Nasdaq: ETFC) is trading at unusually high volume Thursday with 32.9 million shares changing hands. It is currently at 7.6 times its average daily volume and trading down 72 cents (-6%) at $11.10 as of 11:40 a.m. ET.
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E*Trade Financial has a market cap of $3.27 billion and is part of the financial sector and financial services industry. Shares are up 27.4% year to date as of the close of trading on Wednesday. E*TRADE Financial Corporation, a financial services company, provides online brokerage and related products and services primarily to individual retail investors under the E*TRADE Financial brand in the United States. TheStreet Ratings rates E*Trade Financial as a hold. The company's strengths can be seen in multiple areas, such as its expanding profit margins and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full E*Trade Financial Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.