Stock on the Move - January 6

Stocks Rise on Heavy Volumn:

• Sonus Network Inc.(SONS): after touching near 52 week low around the $3.55 in mid December the stock has been on a big bouce back since. Today the voice-over-ip equipment maker is up 14.81% to $5.04 with 29 million shares traded, the eleventh most traded on Nasdaq. This means the stock has gained more than 40% in the current rally. The company has recently signed a deal where its voip equipment will be used by Vonage to deliver voice services over the internet.
• Best Buy Co. Inc. (BBY): surging holiday sale drove the shares of the giant electronic retailer higer today. Best Buy ended up gaining 8.16% or $3.55 to $47.05 per share on 15 million shares traded, three times more than normal volumn.

Stocks Drop on Heavy Volumn:

• Ixia(XXIA): shares of Calabasas, CA based network performance and analysis equipment provider were down 20% on analyst downgrades following the firm's slashing of fourth quarter guidance. 10 million shares have exchanged hands as it ended up the top loser on Nasdaq. The stock is now trading at $11.90 per share ending the rally which started in late October.
• Impac Mortage Holdings Inc. (IMH): in the press release today the Newport Beach, CA based mortgage firm announced $0.2 per share dividend payment for shareholders of record on January 17, 2006. However investors send the stock price down 7.89% in response to the negative comments in the same release from CEO Mr. Tomkinson that rising interest rates and price competition are hurting the margins. The stock is now trading near 52 week low of $9.34 per share.