Stock On the Move - January 5

Stocks Rise on Heavy Volumn:

• Rambus Inc. (RMBS): shares of Los Altos, CA based memory chip maker surged 20% or $3.74 per share to $22.23 on proceeding of patent-infringement trial against South Korean semiconductor maker Hynix. About 18 million shares have been traded, 10 times of normal volumn. Stock has been bounced back from 52 week low in September and is now trading above 50 day and 200 day moving average, a bullish sign for the stock.
• Nuvelo Inc. (NUVO): shares of Nuevelo, the Sunnyvale, CA based biopharmaceutical company focusing on treament of cancer and acute cardiovascular indications surged 40% to $12.67 per share on drug deal with Bayer. ten million shares were traded, about 30 times of normal volumn. Stock has now gained more than 100% from 52 week low of $5.75 last April.

Stocks Drop on Heavy Volumn:

• FX Energy Inc. (FXEN): shares of Salt Lake City based oil and gas producer were down 26.5% or $2.19 per share on weaker than expected gas reserve in western Poland. The stock is now more than 60% off 52 week high of $16.7 per share early last year.
• Kohl's Corp. (KSS): shares of Menomonee Falls, WI based discount depatment store were down 6.47% or $3 per share with 15 millions shares traded, five times of normal volumn. The stock is now trading near 52 week low of $43.94 per share.