Stock on the Move - January 24

Stocks Rise on Heavy Volumn:

• Vitesse Semiconductor (VTSS): narrowing first quarter loss pushed the stock of Camarillo, CA based semiconductor company higher by 23.42% with 43 million shares traded, about 8 times normal volumn. The stock is now at $2.74, about 80% higher from the 52 week low of $1.5 last November
• Ariba Inc. (ARBA): shares of Sunnyvale, CA based enterprises software maker surged 24.45% on heavy volumn of 14 million shares as the company posts strong first quarter profits of 14 cents per share, twice as much as average analysts estimate of 7 cents per share. The stock ends the day at $9.57 per share, almost 100% more than 52 week low half year ago.
• AK Steel Holding (AKS): shares of Middletown, Ohio based steel maker soared 27% thanks to strong fourth quarter earning with narrowing loss. 21 million shares exchanges hands, the 13th most traded in NYSE. The stock close at $10.16 per share above both 50 and 200 day moving average.

Stocks Drop on Heavy Volumn:

• Sulphco Inc. (SUF): article by Barrons Magazine questioning the effectivenss of the company's oil production technology devastated the stock the second day despite the company's effort to defend its sonocracking technology, a technology that will yield 20% to 50% more light oil per barrel. The stock has plunged 32% again today following 47% drop yesterday on heavy volumn of 11 million shares. The stock is now less than half of the closing price last Friday.
• McAfee Inc. (MFE): shares of Santa Clara, CA based anti-virus software maker dropped 17.66% following announcemnts of fourth quarter warning. 29 million shares , almost 15 times of normal volumn, have exchanged hands as the stock is now at $22.75 per share, about $2 away from 52 week low.