Top 10 Crazy Numbers: A bank, francs and gold
The past week on Wall Street has provided plenty of memorable mathematical moments. Without further ado, Trader Daily takes a look at 10 of the craziest numbers of one of Wall Street’s most volatile weeks:
1) Two: Including last year’s rejection, the number of times Peabody Energy (BTU) has tried to get its hands on Australia’s Macarthur Coal and thus far failed.
2) Five: We mean $5, the price nearly a third of the respondents in a poll on The Street think shares of Bank of America (BAC) will bottom at.
3) 63: As in percent. That’s the premium to the closing price Motorola Mobility (MMI) Google (GOOG) is paying to acquire the maker of mobile phone handsets that run on Google’s Android operating system. That’s nearly double the average premium paid in over 360 wireless sector deals in the past five years, according to Bloomberg.
4) 77: That’s the percentage of turnover in high-frequency trading accounts for some U.K. markets, The Wall Street Journal reported.
5) 2.4 Million: As in dollars per day. That’s what BP (BP) is spending on rigs in the Gulf of Mexico that are not currently looking for oil, according to OilSlick.com.
6) 37.1 Million: The White House payroll for 2011, InvestorPlace said.
7) 63.2 Million: The number of Bank of America shares sold by John Paulson’s Paulson & Co. during the second quarter. Paulson now holds 60.4 million shares of BofA, according to Bloomberg.
8) 627.7 Million: That’s the value of call options on the SPDR Gold Shares (GLD) purchased by Steven Cohen’s SAC Capital, according to Benzinga.
9) 1.63 Billion: The amount in dollars that the Swiss government may forgo in francs to help the country’s export and tourism industries following the franc’s recent surge as a safe-haven currency, Bloomberg reported.
10) 1.8 Billion: The lead in dollars the SPDR S&P 500 Trust (SPY) held over GLD at the end of last week for the title of world’s largest ETF by assets.
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