Stock On the Move

Tuesday, January 31, 2006

Stock on the Move - January 31

Stocks Rise on Heavy Volumn:
  • Napster Inc. (NAPS): shares of Santa Clara, CA based online music provider surged 25.32% to $3.91 per share on takeover rumor from Google. 52 million shares exchanged hands, about 35 times of normal volumn. In the previous session the stock was trading near 52 week low of $3.12 per share.
  • Sepracor Inc. (SEPR): the Marlborough, Mass. based sleep aid Lunesta maker posted strong fourth quarter earning which ignites the rally that send the stock up 17.63% or $8.53 per share to $56.91 per share with 10 times average volumn of 20 million shares.

Stocks Drop on Heavy Volumn:

  • Goodyear Tire (GT): shares of US leading auto tire maker dropped 16.63% to $15.64 per share on weak fourth quarter forecast. In the previous session the stock was trading at 52 week high of more than 19 per share. The stock was the 14th most heaviest traded on NYSE today with 17 million shares.
  • UnumProvident Corp. (UNM): disappointing earning and downgrades send shares of Chattanooga, TN based insurance provider down 15.4% to $20.33 per share ending the rally which began in May last year. 14 million shares have exchanged hands, about 7 times average volumn.

Monday, January 30, 2006

Stock on the Move - January 30

Stocks Rise on Heavy Volumn:
  • NMT Medical Inc. (NMTI): shares of Boston, MA based cardiac implants maker skyrocketed 30.24% with no news as 9.7 million shares, more than 40 times normal volumn, have exchanged hands. However the company last Wednseday received a Phase I grant from the National Institute of Health's Small Business Technology Transfer Program on its BioTREK bioactive PFO. The stock ended the session at new 52 week high of $22.48.
  • USG Corp. (USG): the Chicago, IL based world's largest wallbaord maker was upgraded to Strong Buy as it expected to settle asbestos-related lawsuits. The announcement lifted the stock to new 52 week high of $95.78 per share, a surge of $15.93 or 19.95% from previous session. 10 million shares or 15 times of normal volumn, have exchanged hands.

Stocks Drop on Heavy Volumn:

  • Omnicare Inc. (OCR): shares of Covington, KY based senior pharmaceutical care provider dropped 11.06% on analyst downgrade following published report of a raid at the company's branches in Livonia, Michigan. The stock ended the day at $48.96 per share on 14 million shares traded, about 7 times normal volumn.
  • Tyson Foods Inc. (TSN): decline in first quarter earnings send shares of the world's largest meat processor down 7% with 6 times average volumn of 12.6 million shares exchanged hands. The stock close at 52 week low of $14.27 per share.

Friday, January 27, 2006

Stock on the Move - January 27

Stocks Rise on Heavy Volumn:
  • Broadcom Corp. (BRCM): the Irvine, CA based communication chip maker on Thursday posted profits more than doubled. The postive earning send the stock skyrocketed 18.99% to new 52 week high of $69.87 per share on 5 times average volumn of 43 million shares.
  • Openwave System (OPWV): shares of Redwood City, CA based cell phone browser maker surged 17.04% as the firm reported record earning Thursday afternoon. 9.9 million shares, about 5 time of average volumn, pushed the stock to new 52 week high of $21.7 per share.

Stocks Drop on Heavy:

Thursday, January 26, 2006

Stock on the Move - January 26

Stocks Rise on Heavy Volumn:
  • Tellabs Inc. (TLAB): strong fourth quarter earning has helped shares of Naperville, IL based telecom equipment maker surged 19.6% on 4 times of normal volumn of 28 million. The stock ends the day at new 52 week high of $12.57 per share.
  • Coeur d'Alene Mines Corp. (CDE): new 18 year high on price of silver helped shares of Coeur d'Alene, Idaho based silver and gold mine owner pushed to new 52 week high of $4.89 per share, rising 10.88% or 48 cents from previous session. More than 17 million shares, 4 time more than normal volumn, have exchanged hands making it the top 20 volumn gainer in NYSE.

Stocks Drop on Heavy Volumn:

  • Juniper Networks (JNPR): shares of Sunnyvale, CA based network equipment maker, also the largest competitor of Cisco, plunged 20.72% on weak first quarter forecast. 110 million shares have exchanged hands pushing the stock to new 52 weeks low of $17.06 per share.
  • Skyworks Solutions (SWKS): sales and profit drop fueled the sell off on shares of Woburn, MA based cell phone component maker. The stock ends the day down 10.54% to $5.26 with 12 millilion shares traded, 4 times of normal volumn.

Wednesday, January 25, 2006

Stock on the Move - January 25

Stocks Rise on Heavy Volumn:
  • RF Micro Devices (RFMD): shares of Greensboro, NC based radio frequency compoents maker rose 15.86% to $7.38 per share on strong third quarter result and analysts upgrade. The stock is the eleventh most traded on Nasdaq with 30 million shares ending the day at new 52 week high.
  • Rediff.com (REDF): after bullish comment from Jim Crammer at his Mad Money show, shares of the India interenet portal surged 27.37% to $19.22 with heavy volumn of 12.9 million shares, more than 20 times of normal volumn.

Stocks Drop on Heavy Volumn:

  • Ivanhoe Energy (IVAN): after disappointing test result at new natural gas well in California, shares of Ivanhoe Energy, which surged from $1 per share to above $3 per share within a month, plunged 16.73% to $2.24 per share with 22 million shares traded.
  • Entrust (ENTU): shares of Addison, Texas based security software maker dropped 17.28% or $0.85 to $4.07 per share amid weak fourth quarter revenue and analyst downgrades.

Tuesday, January 24, 2006

Stock on the Move - January 24

Stocks Rise on Heavy Volumn:
  • Vitesse Semiconductor (VTSS): narrowing first quarter loss pushed the stock of Camarillo, CA based semiconductor company higher by 23.42% with 43 million shares traded, about 8 times normal volumn. The stock is now at $2.74, about 80% higher from the 52 week low of $1.5 last November
  • Ariba Inc. (ARBA): shares of Sunnyvale, CA based enterprises software maker surged 24.45% on heavy volumn of 14 million shares as the company posts strong first quarter profits of 14 cents per share, twice as much as average analysts estimate of 7 cents per share. The stock ends the day at $9.57 per share, almost 100% more than 52 week low half year ago.
  • AK Steel Holding (AKS): shares of Middletown, Ohio based steel maker soared 27% thanks to strong fourth quarter earning with narrowing loss. 21 million shares exchanges hands, the 13th most traded in NYSE. The stock close at $10.16 per share above both 50 and 200 day moving average.

Stocks Drop on Heavy Volumn:

  • Sulphco Inc. (SUF): article by Barrons Magazine questioning the effectivenss of the company's oil production technology devastated the stock the second day despite the company's effort to defend its sonocracking technology, a technology that will yield 20% to 50% more light oil per barrel. The stock has plunged 32% again today following 47% drop yesterday on heavy volumn of 11 million shares. The stock is now less than half of the closing price last Friday.
  • McAfee Inc. (MFE): shares of Santa Clara, CA based anti-virus software maker dropped 17.66% following announcemnts of fourth quarter warning. 29 million shares , almost 15 times of normal volumn, have exchanged hands as the stock is now at $22.75 per share, about $2 away from 52 week low.

Monday, January 23, 2006

Stock on the Move - January 23

Stocks Rise on Heavy Volumn:
  • General Motors (GM): shares of blue chip US automaker surged 8.98% to $21.85 per share on 26 million shares as upbeat earning from rival Ford Motors(F) brings optimism. The stock was trading at 52 weeks low of $20.05 per share last Friday.
  • Google (GOOG): shares of internet giant rose 7% or $28 per share after Wall Street analysts urged their clinet to buy more shares after the stock took a dip below $400 last Friday amid worries of weak fourth quarter profit. 22 million shares were traded with stock now back above 400 mark at $427.5 per share.

Stocks Drop on Heavy Volumn:

  • Sulphco (SUF): shares of Sparks, NV based firm focusing on desulfurizing of crude oil plunged 47% as investors is losing patience as the company has yet to prove that its oil product technology works. 14 million shares, about 40 times of normal volumn has exchanged hands as the stock is now trading at $10.25 per share.

Friday, January 20, 2006

Stock on the Move - January 20

Stocks Rise on Heavy Volumn:
  • AVI Biopharma Inc. (AVII): shares of Portland, OR based cancer and cardiovascular disease treament drug maker surged 28.69% or $1.69 per share as it receive positive test for new drug against avian flu and is ready for human clinical trial for the drug. 42 million shares, about 20 time of normal volumn have pushed the stock to new 52 high of $7.58 per share.
  • Mirant Corp. (MIR): the Atlanta, GA based electric energy producer saw its stock rised 13.17% on new analyst coverage. The stock reached new monthly high of $27.5 per share. The company has just emerged from bankruptcy earlier this month and has been relisted on NYSE on January 11.

Stocks Drop on Heavy Volumn:

  • Kindred Healthcare (KND): shares of Louisville, KY based healthcare facilities provider plunged 24.74% or $6.63 per share as US Medicare program proposed freezing payment rates. 7.8 million shares exchanged hands, about 10 times of normal volumn. The stock has reached new 52 week low of $19.7 per share.
  • Google Inc. (GOOG): shares of the world's leadeing internet search engine provider tumbles $36.98 or 8.47% on worries that the fourth quarter earning may be dissapointing as rival Yahoo Inc. posted earning below analyst's estimates. The stock ends below $400 per share, first time in two month, on 41 million shares. Yet the Mountain View, CA based company is still oneof the top performer this year as its stock has gained 100% for the past year.

Thursday, January 19, 2006

Stock on the Move - January 19

Stocks Rise on Heavy Volumn:

  • LAM Research Corp. (LRCX): robost second quarter earning send the shares of Fremont, CA based semiconductor process equipment maker up 14% with 11 million shares exchange hands, five times more than normal volumn. The stock ends the day trading at new 52 week high of $43.85 per share.
  • Advanced Micro Devices (AMD): shares of San Jose, CA based chip maker surged 11.27% today after boost in fourth quarter revenue and profit. 44 million shares pushed the stock $3.76 higher to $37.13, near 52 weeks high.

Stocks Drop on Heavy Volumn:

  • Elan Corp. (ELN): shares of Ireland based drug maker were hammered 9.78% on Lehman Brothers analyst downgrade on concerns with the company's multiple sclerosis drug Tysabri. This ends the big rally which started last April when the company plunged to 52 weeks low of $3 per share. The stock ended the day with $14.67 per share on 38 million shares traded, about 4 times of normal volumn.
  • Charlotte Russe Holding(CHIC): investors overlooked the company's strong first quarter earning and instead punished the stock on weak second quarter outlook by sending the shares south 18.46% to $15.9 per share. 5 million shares have exchanged hands, about 10 times normal trading volumn. The stock was still trading at 52 high of $22 per share earlier this month.

Wednesday, January 18, 2006

Stocks on the Move - January 18

Stocks Rise on Heavy Volumn:

  • Ivanhoe Energy Inc. (IVAN): the company annouced yesterday that its field-located heavy oil upgrading facility in California has successfully achieve important performance goals. The news send the oil related technology up another 21% with 67 million shares traded and more than 100% from last Friday's close of $1.52 per share to today's after hour trading of $3.12 per share.
  • Insmed Inc. (INSM): shares of Glen Allen, VA based drug maker for metabolic diseases surged 13.45% with 8 million shares traded, about 4 times of normal volumn. The stock has been on a rally since beginning of December last year from under $1.5 per share to $3.12 per share today, a gain of more than 100%.

Stocks Drop on Heavy Volumn:

  • Intel Corp. (INTC): shares of world's largest CPU maker dropped 11.45% or $2.92 per share after missed earning and weak outlook. The stock was the most traded in the market today with 282 million shares exchanged hands, about 5 times of the stock's normal trading volumn. The stock is now trading near 52 week low of $22.59 per share.
  • Yahoo Inc. (YHOO): the fourth quarter earning disappointment send the stock of the leading internet portal down 12.29% or $4.9 per share on heavy volumn of 118 million shares, about 5 times of normal volumn. The stock has dropped 8 dollar from 52 week high of $43 per share earlier this month.

Tuesday, January 17, 2006

Stock on the Move - January 17

Stocks Rise on Heavy Volumn
  • BioCryst Pharmaceuticals Inc. (BCRX): after FDA (Food and Drug Administration) granted "fast track" status to the application for a potential bird flu drug, shares of the Birmingham, AL based biotech firm surged 17.7% or $3.37 per share with 19 million shares exchanged hands. The stock is now trading around 52 weeks high of $22.41 per share.
  • Altair Nanotechnologies Inc. (ALTI): shares of Reno based Altair Nanotech surged 38.89% as its Lithium Ion Battery Cells excees HEV power requirements. About 16 million shares have exchanged hands, 20 times normal volumn.

Stocks Drop on Heavy Volumn

  • Dana Corp. (DCN): shares of vehicle components maker plunged 20.59% as it post steep third-quarter loss of $1.3 billion. This is the third consecutive session of losses. The stock was still trading at $8 per share last week.
  • Continental Airlines Inc. (CAL): the nation's fifth-largest carrier posted a narrower fourth-quarter loss yet expected a significant loss in the first quarter. The negative outlook sends the stock down 11.45% with 8 million shares traded, almost 3 times normal volumn. The stock is now trading at $17.24 per share.

Friday, January 13, 2006

Stock on the Move - January 13

Stocks Rise on Heavy Volumn:
  • Sun Microsystem Inc. (SUNW): the Santa Clara, CA based technology giant today saw its stock price surged 7% with monster volumn - 142 million shares traded, the most traded in Nasdaq and second most traded security just behind the 218 million shares for Lucent(LU). The stock is now back to 52 week high of $4.71 per share set last Friday
  • Phazar Corp. (ANTP): after posting strong second quarter result after the closing bell yesterday, the Mineral Wells, Texas based antenna system maker saw its stock skyrocketted 52.95% or $5.57 to $16.09 per share with 6 million shares exchange hands, 35 times more than normal volumn. Before the quarter report the stock was trading near 52 week low of $10.52 per share.

Stocks Drop on Heavy Volumn:

  • Tyco International Ltd. (TYC): the announcement to split Tyco International into three pulic companies send the stock down 10% as investors see reducing profit and high cost, about 1 billion. The stock is down 3 dollars to $27.12 per share with 84 million shares traded, second highest on NYSE.
  • SanDisk Corp. (SNDK): the flash memory card maker got downgraded to peer perform from outperform as Bear Stern analysts see the stock price, now at $72.83 per share, has reflected all positive news and strong quarter result. The stock tumbled 5.69% with 18 million shares traded but has gained almost 300% from last January low of $20 per share.

Thursday, January 12, 2006

Stock on the Move - January 12

Stocks Rise on Heavy Volumn:
  • Identix Inc. (IDNX): today Indentix announced that its rival Viisage(VISGD) is acquiring the company for $770 million in stock to create a full-service homeland security company. The strategic move is aiming to take more share in the growing security market since 9/11. The Minnetonka, MN based Identix saw its stock price surged 20.76% to with 24 million shares traded, about 40 times normal volumn. The stock is now at 52 week high of 6.98 per share.
  • ZymoGenetics Inc. (ZGEN): the company had a positive test on its arthritis drug as reported on Tuesday but the market reacted to the news two days later today and sends the stock up 11.33% to $22.6 per share, back to 52 week high. About 9.9 million shares were traded, 50 times more than normal volumn.

Stocks Drop on Heavy Volumn:

  • Visteon Corp. (VC): shares of Van Buren, MI based autoparts supplier plunged 16.19% or $1.08 per share to $5.59 on disappointing outlooks plus downgrades. The company's high exposure to US automaker is hurting the outlook.
  • Jarden Corp. (JAH): weakness in fourth-quarter earning send the stock price of Rye, NY based home crafting and canning maker down 11% or $3 per share. The stock is now trading at 52 week low of $27.05 per share.

Wednesday, January 11, 2006

Stock on the Move - January 11

Stocks Rise on Heavy Volumn:
  • Conexant System Inc. (CNXT): after Jim Cramer recommends the Newport Beach, CA based semiconductor firm, the stock surged 16.96% or $0.48 to $3.31 per share with 111 million shares traded, about 10 times of normal volumn. Jim Cramer on Mad Money see the stock relatively cheap as the stock used to be trading over $100 per share can may go back to that same price in the future. The stock is now trading at new 52 week high.
  • Finisar Corp. (FNSR): shares of Sunnyvale, CA based fiber optic network component maker were up 13.91% or $0.32 per share with 21 million shares traded, 5 times of normal volumn. The stock has been on a rally since 52 week low in September and is now trading at new 52 week high of $2.62 per share.

Stocks Drop on Heavy Volumn:

  • Compuware Corp. (CPWR): shares of Detroit, MI based system software integrator dropped 13.07% or $1.24 per share on third quarter profil warning. The company saw weaker demand in the quarter and caused the revenue shortfall. Before the news the stock was trading near 52 week high of $9.49 per share.
  • Lear Corp. (LEA): the Southfield, MI based autoparts supplier today announced it will take $342 million goodwill impairment charge in the fourth quarter. The news send the stock down 8.96% to $25.71 per share, a new 52 week low. 7.8 million shares have exchanged hands, about 5 times of normal volumn.

Tuesday, January 10, 2006

Stock on the Move - January 10

Stocks Rise on Heavy Volumn:

  • JDS Uniphase(JDSU): shares of Canadian fibre optic network equipment maker were up 9.65% or $0.25 per share to $2.84 with 58 million shares exchange hands. The stock is trading above both 50 and 200 day moving average with 50 day moivng average heading upwards, generally a bullish sign.
  • Hughes Supply Inc. (HUG): shares of Orlando, Florida based wholesale distributor of construction products were up 18% as Home Depot(HD) agrees to buy HUG for $3.2 billion. 14 million shares have exchanged hand making it the 23rd most traded on NYSE and the second most price gainer in percentage. The stock is now trading at 52 week high of $45.61 per share.

Stocks Drop on Heavy Volumn

  • Lifepoint Hospitals Inc.(LPNT): the hospital operator issued earning ande revenue guidance below Wall Street forecasts and triggerred a sell-off that sends the stock down 18.87% today to $29.54 per share with 12 million shares traded. The stock is now trading at new 52 week low.
  • Red Robin Gourmet Burgers Ind.(RRGB): the gourment burgers restaurant chain operator issued fourth quarter revenue warning and the investors send the stock down 26.34% or $13.69 per share with heavier than normal volumn of 8 million. The stock is now trading at new 52 week low of $38.29 per share.

Friday, January 06, 2006

Stock on the Move - January 6

Stocks Rise on Heavy Volumn:
  • Sonus Network Inc.(SONS): after touching near 52 week low around the $3.55 in mid December the stock has been on a big bouce back since. Today the voice-over-ip equipment maker is up 14.81% to $5.04 with 29 million shares traded, the eleventh most traded on Nasdaq. This means the stock has gained more than 40% in the current rally. The company has recently signed a deal where its voip equipment will be used by Vonage to deliver voice services over the internet.
  • Best Buy Co. Inc. (BBY): surging holiday sale drove the shares of the giant electronic retailer higer today. Best Buy ended up gaining 8.16% or $3.55 to $47.05 per share on 15 million shares traded, three times more than normal volumn.
Stocks Drop on Heavy Volumn:
  • Ixia(XXIA): shares of Calabasas, CA based network performance and analysis equipment provider were down 20% on analyst downgrades following the firm's slashing of fourth quarter guidance. 10 million shares have exchanged hands as it ended up the top loser on Nasdaq. The stock is now trading at $11.90 per share ending the rally which started in late October.
  • Impac Mortage Holdings Inc. (IMH): in the press release today the Newport Beach, CA based mortgage firm announced $0.2 per share dividend payment for shareholders of record on January 17, 2006. However investors send the stock price down 7.89% in response to the negative comments in the same release from CEO Mr. Tomkinson that rising interest rates and price competition are hurting the margins. The stock is now trading near 52 week low of $9.34 per share.

Thursday, January 05, 2006

Stock On the Move - January 5

Stocks Rise on Heavy Volumn:
  • Rambus Inc. (RMBS): shares of Los Altos, CA based memory chip maker surged 20% or $3.74 per share to $22.23 on proceeding of patent-infringement trial against South Korean semiconductor maker Hynix. About 18 million shares have been traded, 10 times of normal volumn. Stock has been bounced back from 52 week low in September and is now trading above 50 day and 200 day moving average, a bullish sign for the stock.
  • Nuvelo Inc. (NUVO): shares of Nuevelo, the Sunnyvale, CA based biopharmaceutical company focusing on treament of cancer and acute cardiovascular indications surged 40% to $12.67 per share on drug deal with Bayer. ten million shares were traded, about 30 times of normal volumn. Stock has now gained more than 100% from 52 week low of $5.75 last April.

Stocks Drop on Heavy Volumn:

  • FX Energy Inc. (FXEN): shares of Salt Lake City based oil and gas producer were down 26.5% or $2.19 per share on weaker than expected gas reserve in western Poland. The stock is now more than 60% off 52 week high of $16.7 per share early last year.
  • Kohl's Corp. (KSS): shares of Menomonee Falls, WI based discount depatment store were down 6.47% or $3 per share with 15 millions shares traded, five times of normal volumn. The stock is now trading near 52 week low of $43.94 per share.

Wednesday, January 04, 2006

Stock on the Move - January 4

Stocks Rise on Heavy Volumn
  • On2 Technologies Inc. (ONT): On2 Technology, a Clifton Park, NY based video codec software maker, saw its shares rose $0.19 or 15.83% to $1.39 on new partnership, and new milestone for its Apple Macintosh Video Software Developer Kit. 7 million shares were traded making ONT the 10th on the AMEX volumn leaders. A month ago in December the stock is still trading at $0.8 per share.
  • Conexant Systems Inc. (CNXT): shares of Newport Beach, CA based chipset maker were up 9.32% or $0.22 to $2.58 on new product announcement. 17 million shares have exchanged hands, 14th highest on Nasdaq. The stock has been on short term correction since it reached 52 weeks high of $2.72 per share in early December.

Stock Drop on Heavy Volumn

  • Gateway Inc. (GTW): the Irvine, CA based PC maker saw its share dropped 6.05% on continuous weakness due to recent downgrades and increasing competition from Acer and Lenovo. The stock is still trading near 52 week low.

Tuesday, January 03, 2006

Stock on the Move - January 3

Stocks Rise on Heavy Volumn:
  • Sonus Networks Inc (SONS): shares of Chelmsford, MA based Voice-Over-IP(VOIP) equipment maker were up $0.39 or 10.48% to $4.11 with 10 million shares changing hands. There's no news pushing the stock higher but the stock had bouned back from 52 week low since mid December.
  • Engelhard Corp. (EC): stock price of Iselin, NJ based industrial materials technologies provider surged $7.85 or $26% to $38 on hostile bid offer from BASF AG, one pf the world's largest chemical companies. The stock was nineth on volumn traded with 20 million shares and first on price gain in NYSE.

Stock Drop on Heavy Volumn:

  • Pilgrim's Pride Corp. (PPC): shares of Pittsburg, TX based poultry products producer in US, Mexico and Puerto Rico plunged $7.8 or 23.52% to $25.36 on reduced earning outlook and job cuts due to weak sales in Mexico.
  • Syneron Medical Ltd. (ELOS): the Israel based medical equipment maker posts higher fourth quarter revenue but the stock was still down $3.29 or 10.36% as sales still fall short of analysts estimate. The stock has been down for the fifth consecutive session dropping all the way from $42.39 per share to $28.46 per share today.