Stocks On The Move - June 8

Stock Rise on Heavy Volumn:

• Novellus Systems Inc. (NVLS): it's really difficult to find a stock rising on high volumn today as the market is again battered by inflation worries and interest rate hike. So the only moving bullish stock, which we limit to as stock rising with volumn over 5 million, is the the San Jose based semiconductor equipment maker Novellus Systems, which rose 7.62% or $1.71 to $24.16 per share on upbeat guidance for the second quarter and for 2006. The semiconductor company got 10.8 million shares today and is the twelveth best performer on Nasdaq today.

Stocks Drop on Heavy Volumn:

• Jos. A Bank Clothiers Inc. (JOSB): unfortunately bears are all over the place today so it is quite easy to find moving bearish stocks with volumn larger than 5 million. The first victim is the Hampstead, Maryland based men's clothing design and retail company Jos. A Bank Clothier which plunged 28.9% or $10.73 to new 52 weeks low of $26.4 per share on weak first quarter earning due to margin cut. The men's clothing retailer is the worst stock on Nasdaq today with record volumn of 11.9 million shares traded, about twenty times average volumn.
• Finisar Corp. (FNSR): the bear market finally reaches the high flying Sunnyvale, CA based fiber optic network component maker Finisar as the network company plummeted 24.83% or $1.11 to $3.36 per share despite posting fourth quarter profit compared to net loss for the same quarter of the previous year. Neverthless the stock still has done well, gaining more than 200% in nine month from around $1 per share last September. Heavy volumn of 69 million shares gets the stock on the seventh of the heaviest traded list on Nasdaq today. In addition the stock is the second leading decliner on Nasdaq.