Stock On the Move

Tuesday, January 31, 2006

Stock on the Move - January 31

Stocks Rise on Heavy Volumn:
  • Napster Inc. (NAPS): shares of Santa Clara, CA based online music provider surged 25.32% to $3.91 per share on takeover rumor from Google. 52 million shares exchanged hands, about 35 times of normal volumn. In the previous session the stock was trading near 52 week low of $3.12 per share.
  • Sepracor Inc. (SEPR): the Marlborough, Mass. based sleep aid Lunesta maker posted strong fourth quarter earning which ignites the rally that send the stock up 17.63% or $8.53 per share to $56.91 per share with 10 times average volumn of 20 million shares.

Stocks Drop on Heavy Volumn:

  • Goodyear Tire (GT): shares of US leading auto tire maker dropped 16.63% to $15.64 per share on weak fourth quarter forecast. In the previous session the stock was trading at 52 week high of more than 19 per share. The stock was the 14th most heaviest traded on NYSE today with 17 million shares.
  • UnumProvident Corp. (UNM): disappointing earning and downgrades send shares of Chattanooga, TN based insurance provider down 15.4% to $20.33 per share ending the rally which began in May last year. 14 million shares have exchanged hands, about 7 times average volumn.

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