Stocks On The Move - July 13

Stocks Rising On Heavy Volumn:

• No stock match this criteria today due to weak market

Stocks Dropping On Heavy Volumn:

• Cree Inc. (CREE): surging oil price due to conflict in Middle-East rattled the stock market again with major indices all went down sharply. The Durham, NC based Cree, a LED maker was one of the stock got hammered the most as shares tanked 21.51% to new 52 weeks low of $17.73 per share on analysts dowgrade after the company issued warning for the latest quarter citing weak LED sales. The after market movement suggest the bargain hunters were back as the sell-off was probably overdone. The stock was the third biggest loser on Nasdaq today with 17 million shares traded or 11 times average volumn.
• AMR Corp. (AMR): shares of leading airline in North America tumbled 8.23% to $24.99 per share as the soaring oil price brought down most airline stocks. As the conflict in the Middle East seems far from over, it would be best to stay away from stocks like airline stocks which could be hit the hardest due to high oil price. The stock was the thirteenth leading decliner on NYSE today with 8 million shares traded.