Stocks On The Move - June 20

Stocks Rise on Heavy Volumn:

• Qiao Xing Universal Telephone Inc. (XING): not many stocks were up with heavy volumn despite a positive finish for the Dow Jones. The only stock which finish higher on heavy volumn of at least 5 million shares is the China based Qia Xing Universal Telephone, Inc. which manufactures telecommunications products such as wireless phones and cnosumer electronics such as MP3 players. The stock today surged 9.31% or 87 cents to new 52 weeks high of $10.21 per share after the company reported strong 2005 results which beats earlier forecasts. The stock was the twentieth leading gainer on Nasdaq today with 11.4 million shares traded, the eighteenth heaviest traded on Nasdaq.

Stocks Drop on Heavy Volumn:

• Actuant Corp. (ATU): the Milwaukee, Wiscnosin based hydraulic industrial products maker was one of the few victims in this light trading day by losing 17.85% or $10.12 to $46.58 per share after the company annouced restructuring program to cost costs despite posting strong third quarter. The stock was the biggest loser on NYSE today with 8.5 million shares traded or 36 times average volumn.
• Trident Microsystems Inc. (TRID): shares of Sunnyvale, CA based graphic chips maker was down again as analysts cuts estimates due to competition concerns. Just a month ago the stock plunged for two consecutive session SEC probe. The stock lost 8.71% or $1.72 to $18.02 per share and was the twelveth leading decliner on Nasdaq today with 7.3 million shares traded.