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.