Tomahawk, WI 2/21/2013 (BasicsMedia) –  Who says size doesn’t matter? Just take a look at some our volume leaders for the day.

SIRIUS XM Radio Inc. (SIRI) is trading above its daily average again today with 65 million shares swapping hands. One of the major catalysts for Sirius’ recent movement has been Liberty Media (NASDAQ: LMCA  ) . The company has been buying shares of Sirius on the open market, and on Jan. 17 Liberty officially became majority owner of Sirius. According to an SEC filing, to seal the deal, Liberty acquired an additional 50 million shares of Sirius at an average price of $3.15. Contrary to recent opinion, this was not a ceiling.

Our daily volume leader is Bank of America (NYSE: BAC  ) trading almost 2 million shares. BAC shares have fallen by more than 5% while the S&P 500 is down only 1.3%. Why is there the big  difference? There are several reasons. Since the financial downturn, B of A has become one of the most heavily traded stocks on the market. High-frequency traders love it because it’s cheap enough on a per-share basis to trade massive amounts of stock at a reasonable price. In addition, it offers virtually limitless liquidity because of its nearly 11 billion outstanding shares.

Our last volume mover of the day was VeriFone Systems Inc. (PAY). We highlighted this in our downward movers story earlier today as the company has lost 43 percent after the maker of credit-card terminals forecast second-quarter profit that missed analysts’ estimates because of weak economic conditions inEurope. Wal-Mart Stores Inc. rose 2 percent as the world’s biggest retailer reported earnings that topped estimates. Safeway Inc. surged 12 percent as profit exceeded forecasts.

Disclaimer: This article is intended for informational and entertainment use only, and should not be construed as professional investment advice. They are my opinions only. Trading stocks is risky — always be sure to know and understand your risk tolerance. You can incur substantial financial losses in any trade or investment. Always do your own due diligence before buying and selling any stock, and/or consult with a licensed financial adviser.

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