Stocks On The Move - June 21

Stocks Rise on Heavy Volumn:

• Finisar Corp. (FNSR): the market shook off the inflation worry and praised the upbeat corporate earnings as the all the major indices finished up today. The overall bullish atmosphere helped shares of Finisar, the Sunnyvale, CA based fiber optic network component maker to finished up 7.91% or 25 cents to $3.41 per share on above average volumn of 20.9 million shares. The stock for the past few months went as high as $5.49 per share but the June sell-off send the stock back to $3 per share.

Stocks Drop on Heavy Volumn:

• Home Solutions of America Inc. (HOM): the Dallas, Texas based home remodeling is probably the most active stock in June as it is on the moving stocks of the day for the fourth time this month. This time the stock plunged 11.47% or 86 cents to $6.64 per share due to lawsuit claiming that company officials pumped up the stock price. In previous articles the stock was on the list due to analyst upgrade, revenu hit, and profit taking. The stock today was the fourth leading decliner and the tenth heaviest traded on AMEX today with 8.3 million shares traded, more than twice of average volumn.
• Teva Pharmaceutical Industried Ltd. (TEVA): the bullish market didn't help the Israel based drug maker as the stock tumbled 9.53% or $3.4 to $32.27 per share on price war as rival Merck(MRK) cut price of cholesterol drug Zocor. The stock was the sixth worst performer and the seventh heaviest traded on Nasdaq today with 40 million shares traded or seven times average volumn.