Stocks On The Move - May 25
Stocks Rise on Heavy Volumn:
- Sirius Satellite Radio Inc(SIRI): shares of satellite radio company rebounded 14.67% or 54 cents to $4.22 per share after the stock slided for a month and half from above $5 per share down to as low as $3.6 per share. The company yesterday reaffirmed it's subscriber growth target while rival XM Satellite Radio got hammered on lowering target. The stock was the second heaviest traded and seventh leading gainer on Nasdaq today with 102 million shares traded, more than twice of average volumn.
- Big Lots Inc. (BLI): shares of Columbus, Ohio based retailer chain of closeout merchandises soared 20.73% or $2.8 to new 52 weeks high of $16.31 per share after the company's first quarter profit skyrocketted 76% to $13.7 million compared to $7.8 million for the same quarter of last year. The stock was the second leading gainer on NYSE today with 6 million shares traded or almost 8 times of average volumn.
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