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.