Stock On the Move

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.

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