Stocks On The Move - June 29

Stocks Rise on Heavy Volumn:

• 3Com Corporation (COMS): many stocks finished strong on Thursday as the market rallied due to softened note from Fed's chief Bernanke in regards to future interest rate hike. One company benefit from the rally is 3Com, the Marlborough, Massachusetts based network equipment maker. The stock surged 15.12% or 67 cents to near 52 weeks high of $5.1 per share also due analyst upgrade after the company reported reduced fourth-quarter net loss and announced 250 job cuts. The stock was the twelveth leading gainer and fourteenth heaviest traded on Nasdaq today with 22 million shares traded.
• RSA Security Inc. (RSAS): last month shares of Bedford, MA online identities protection solution provider were down 12.28% on heavy volumn due to SEC probing on documents related to RSA's stock option grants and practices. However today the stock was on the bullish side as it soared 18.18% or $3.52 to new 52 weeks high of $22.88 per share as EMC, the data storage provider planned to buy the company for $2.1 billion or $28 per share. The stock was the seventh biggest winner on Nasdaq today with 12 million shares traded or seven times average volumn.

Stocks Drop on Heavy Volumn:

• Neoware, Inc. (NWRE): the bullish market today didn't help all the stocks. Instead stock such as the King of Prussia, Pennsylvania based software firm Neoware was doing miserably for the day by finishing down 41.65% to near 52 weeks low of $11.78 per share after the company issued fourth quarter warning due to lower than expected sales from existing clients. the stock was the worst stock on Nasdaq today with 18 million shares traded.
• Advanced Auto Parts Inc. (AAP): the Roanoke, Virgina based auto parts store operator was also left from the celebration party today as it plunged 16.69% or $5.99 to new 52 weeks low of $29.91 per share after the company cut its second-quarter profit outlook due to soaring gas price and rising interest rate which would cut back customer spending. The stock no doubt was the worst stock on NYSE today with 14 million shares traded or 10 times average volumn.