Stock on the Move - January 4

Stocks Rise on Heavy Volumn

• On2 Technologies Inc. (ONT): On2 Technology, a Clifton Park, NY based video codec software maker, saw its shares rose $0.19 or 15.83% to $1.39 on new partnership, and new milestone for its Apple Macintosh Video Software Developer Kit. 7 million shares were traded making ONT the 10th on the AMEX volumn leaders. A month ago in December the stock is still trading at $0.8 per share.
• Conexant Systems Inc. (CNXT): shares of Newport Beach, CA based chipset maker were up 9.32% or $0.22 to $2.58 on new product announcement. 17 million shares have exchanged hands, 14th highest on Nasdaq. The stock has been on short term correction since it reached 52 weeks high of $2.72 per share in early December.

Stock Drop on Heavy Volumn

• Gateway Inc. (GTW): the Irvine, CA based PC maker saw its share dropped 6.05% on continuous weakness due to recent downgrades and increasing competition from Acer and Lenovo. The stock is still trading near 52 week low.