Citi and Ford Trade High but Flat, While Ambac Impresses

Citigroup Inc. (NYSE:C)  and Ford Motor Company (NYSE:F)  lead with volume but are still generally trading flat for the day, whereas Ambac Financial Group, Inc. (NYSE:ABK) commands investors attention from both the volume spike and the massive price jump. 

Shares of Citigroup Inc. (NYSE:C) are once again besting all of the competition for volume, trading a whopping 333M shares.  The stock is currently trading about even at $4.05 a share and is still sitting on the bullish trend line for stock price support we discussed the other day.  Keep tuned in to Citigroup Inc. (NYSE:C) to see if it will bounce off the trend line technical indicator.

Ford Motor Company (NYSE:F) unfortunately gapped down a bit this morning, and has been trading flat since.  It is currently down 8 cents a share (-1%) at $7.36.  The stock chart for Ford Motor Company (NYSE:F) is making an interesting wedge and stocks tend to make a breakout move (higher or lower) as the price gets pinched by the upper and lower trend lines of the wedge (purple and blue lines in chart below for F).  The interesting thing about Ford is that they are working to build their cash, including a few methods:

Selling stock and notes. The company will sell up to $1 billion in shares, the Associated Press reports. It also wants to offer up to $2.3 billion in notes that can be converted into stock or cash. The downside? Potential share dilution.

Asking for time. Ford borrowed about $10 billion back in February and now wants two more years to pay it back. To sweeten the deal, Ford is offering to repay 25% and then raise the interest and fees on the remaining debt. The downside? Higher financing costs.

Higher cash flow. Ford said that for its third quarter, it reached $1.8 billion in operating cash flow. Great news, especially considering the $16.6 billion in cash that Ford used up in 2008, according to Standard & Poor's.

Solid profit. The third quarter brought about $1.1 billion in profit. Ford even made a profit in North America -- its largest market -- for the first time in four years. Those earnings came after significant cost-cutting and job reductions.

Finally, there is Ambac Financial Group, Inc. (NYSE:ABK) which is blowing up the scene with a solid 82M shares trading hands today after some good news of a quarterly profit.  Shares jumped a whopping $0.32 (+29%) at the open and they are not looking back since Ambac Financial Group, Inc. (NYSE:ABK) is currently at $1.56 per share  (+40%).  Wow!  That is pretty impressive, but investors now have to hope that the company can continue to deliver.

Disclosure: No positions in securities mentioned.