Stocks On The Move - June 13

Stock Rise on Heavy Volumn:

• Maverick Tube Corp. (MVK): yah... this is a terrible day for most stocks.. but for all of them as shares of Maverick Tube, the Chesterfield, Missouri based oil and gas equipment soared 37.21% or $16.99 to new 52 weeks high of $62.65 per share on buyout from Luxembourg based Tenaris SA for $2.4 billion. The stock was the biggest winner on NYSE today with 18.6 million shares traded, about 18 times average volumn.

Stocks Drop on Heavy Volumn:

• Jabil Circuit Inc. (JBL): shares of St Petersburg, Florida based electronic manufacturing services provider plunged 21.93% or $7.11 to $25.31 per share after the company reduced its earning outlook for the third quarter due to higher operating losses in electromechanical operations. The stock was the biggest loser and the fourth heaviest traded on NYSE today with 30.5 million shares traded.
• Coeur d'Alene Mines Corp. (CDE): shares of Coeur d'Alene, Idaho based silver and gold mining company for properties in United States, Australia and Africa tumbled 8.56% or 37 cents to $3.95 per share on weakening gold price which has so far lost 7% or $80 in six sessions. The stock was the fourteen leading decliner on NYSE today with 16.5 million shares exchanged hands.