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.