Stock on the Move - January 25
Stocks Rise on Heavy Volumn:
- RF Micro Devices (RFMD): shares of Greensboro, NC based radio frequency compoents maker rose 15.86% to $7.38 per share on strong third quarter result and analysts upgrade. The stock is the eleventh most traded on Nasdaq with 30 million shares ending the day at new 52 week high.
- Rediff.com (REDF): after bullish comment from Jim Crammer at his Mad Money show, shares of the India interenet portal surged 27.37% to $19.22 with heavy volumn of 12.9 million shares, more than 20 times of normal volumn.
Stocks Drop on Heavy Volumn:
- Ivanhoe Energy (IVAN): after disappointing test result at new natural gas well in California, shares of Ivanhoe Energy, which surged from $1 per share to above $3 per share within a month, plunged 16.73% to $2.24 per share with 22 million shares traded.
- Entrust (ENTU): shares of Addison, Texas based security software maker dropped 17.28% or $0.85 to $4.07 per share amid weak fourth quarter revenue and analyst downgrades.
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