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Market Insights

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These Were the Most Active Symbols at TradeStation Last Month
These Were the Busiest Symbols at TradeStation in February

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Advanced Micro Devices was the busiest symbol at TradeStation Securities in February, knocking Tesla from the No. 1 spot.

Activity surged in AMD after the chip maker reported better-than-expected earnings, revenue and guidance. The stock, rebounding from a four-month low in late January, managed to rally about 30 percent before stalling in its range. Prices then rolled over and gave up most of the bounce.

Peloton (PTON) also jumped up the rankings amid takeover speculation. The exercise company subsequently announced weak quarterly results and downplayed the potential merger talk.

Here’s the complete list for February, according to TradeStation data:

  1. Advanced Micro Devices (AMD): The semiconductor company rose from fourth place in January.
  2. SPDR S&P 500 ETF (SPY): The market-tracking ETF climbed four levels from the previous month.
  3. Invesco QQQ Trust (QQQ): The Nasdaq-tracking fund slipped one notch in February.
  4. Tesla (TSLA): The electric-car stock fell from the No. 1 spot in January.
  5. ProShares UltraPro QQQ (TQQQ): The leveraged ETF edged down two levels.
  6. Nvidia (NVDA): The semiconductor stock rose one notch from the previous month.
  7. Meta Platforms (FB): The social-media company maintained its position from January.
  8. Apple (AAPL): The tech giant slid from seventh place the previous month.
  9. Peloton (PTON): The home-exercise company jumped from the 19th place in January.
  10. Direxion Daily Semiconductor Bull 3X ETF (SOXL): The leveraged ETF, which tracks semiconductors, rose six places from the previous month.

The following symbols exited the top 10:

  • AMC Entertainment (AMC): The cinema operator dropped from No. 8 in January to No. 12 in February.
  • Microsoft (MSFT): The software maker dropped from No. 9 in January to No. 18 in February.
  • Ford Motor (F): The automaker dropped from No. 10 in January to No. 30 in February.

About the author

David Russell
David Russell is VP of Market Intelligence at TradeStation Group. Drawing on two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them apprised of sector leadership, relative strength and the big stories – especially those overlooked by other commentators. He’s also a big fan of generating leverage with options to limit capital at risk.

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