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.