Stock On the Move

Wednesday, May 24, 2006

Stocks On The Move - May 24

Stocks Rise on Heavy Volumn:

Stocks Drop on Heavy Volumn:

  • XM Satellite Radio Holdings Inc. (XMSR): shares of world's leading satellite radio provider plunged 11.35% or $1.76 to new 52 weeks low of $13.43 per share after the company reduced foreast for subscriber growth and revenue for the second quarter. The company now expects subscriber growth of 8.5 million for the year, down from previous estimate of 9 million. The stock was the seventh leading decliner and nineteenth heaviest traded on Nasdaq today with 23 million shares traded.
  • MEMC Electronic Materials Inc. (WFR): shares of St. Peters, MO based semiconductor wafers maker dropped for the twelveth consecutive trading session by losing another 7.88% or $2.82 to $32.97 per share since the stock reached 52 weeks high on May 8. The stock was the tenth leading decliner on NYSE today with 7.3 million shares traded or twice of average volumn.

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