Stock On the Move

Monday, January 30, 2006

Stock on the Move - January 30

Stocks Rise on Heavy Volumn:
  • NMT Medical Inc. (NMTI): shares of Boston, MA based cardiac implants maker skyrocketed 30.24% with no news as 9.7 million shares, more than 40 times normal volumn, have exchanged hands. However the company last Wednseday received a Phase I grant from the National Institute of Health's Small Business Technology Transfer Program on its BioTREK bioactive PFO. The stock ended the session at new 52 week high of $22.48.
  • USG Corp. (USG): the Chicago, IL based world's largest wallbaord maker was upgraded to Strong Buy as it expected to settle asbestos-related lawsuits. The announcement lifted the stock to new 52 week high of $95.78 per share, a surge of $15.93 or 19.95% from previous session. 10 million shares or 15 times of normal volumn, have exchanged hands.

Stocks Drop on Heavy Volumn:

  • Omnicare Inc. (OCR): shares of Covington, KY based senior pharmaceutical care provider dropped 11.06% on analyst downgrade following published report of a raid at the company's branches in Livonia, Michigan. The stock ended the day at $48.96 per share on 14 million shares traded, about 7 times normal volumn.
  • Tyson Foods Inc. (TSN): decline in first quarter earnings send shares of the world's largest meat processor down 7% with 6 times average volumn of 12.6 million shares exchanged hands. The stock close at 52 week low of $14.27 per share.

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