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Market Insights

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These Were the Most Active Symbols at TradeStation Last Month
Twitter Jumps Into TradeStation’s Top 10, Thanks to Elon Musk’s Takeover

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Advanced Micro Devices remained the busiest symbol at TradeStation Securities in April as quarterly results approach.

The semiconductor stock plans to report earnings on Tuesday, May 3, after the closing bell. The shares have been testing their lowest levels since July as selling continues to plague the technology sector.

Twitter (TWTR) and Netflix (NFLX) were two additions to TradeStation’s ranking of top symbols in April. TWTR jumped onto the list as Elon Musk staged a successful takeover of the social-media company. NFLX surged in activity after a subscriber loss caused the streaming-video stock to have its sharpest decline in almost two decades.

The rankings saw few other big changes. Here’s the complete list for April, according to TradeStation data (as of yesterday’s close):

  1. Advanced Micro Devices (AMD): The semiconductor company held the top spot for the third straight month.
  2. SPDR S&P 500 ETF (SPY): The market-tracking ETF remained at No. 2.
  3. Tesla (TSLA): The electric-car giant inched up from fourth place in March.
  4. Twitter (TWTR): The social-media stock jumped from 104th in March to fourth in April.
  5. Nvidia (NVDA): The semiconductor stock climbed one position from the previous month.
  6. ProShares UltraPro QQQ (TQQQ): The leveraged ETF slipped from No. 5 in March.
  7. Apple (AAPL): The tech giant maintained its position from the previous list.
  8. Invesco QQQ Trust (QQQ): The Nasdaq-tracking fund dropped from third place in March.
  9. Netflix (NFLX): The streaming-video giant jumped from 107th.
  10. ProShares UltraPro QQQ Short (SQQQ): The inverse leveraged fund stayed at No. 10.

The following symbols exited the top 10:

  • Alibaba (BABA): The Chinese tech giant dropped from ninth in March to 23rd in April.
  • AMC Entertainment (AMC): The movie-theater chain slipped from eight in March to 13th in April.

About the author

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.