Stocks On The Move - July 5

Stocks Rise on Heavy Volumn

• Duquesne Light Holdings Inc. (DQE): the July 4 celebration couldn't extend to the market today as most major indices were down for the day. Not many stocks were able to move up significantly in heavy volumn except the Pittsburgh, PA based electric energy company Duquesne Light Holding which surged 17.94% to 52 weeks high of $19.39 per share after the company is sold to a New York investment firm for $1.6 billion or $20 per share. The stock was the biggest winner on NYSE today with 5.68 million shares traded about twelve times average volumn.

Stock Drop on Heavy Volumn

• Trident Microsystems Inc. (TRID): the Sunnyvale, CA based graphic chips maker was in deeper trouble with yet another analyst negative comment citing competitive concerns which hammered the stock 17.26% or $3.33 to $15.96 per share. Last month analyst of Piper Jaffray just downgraded the stock due to the same reason. The chip maker was the biggest loser on Nasdaq today with 6.4 million shares traded or three times average volumn.
• Atheros Communications Inc. (ATHR): shares of Santa Clara, CA based wireless chip maker tumbled 14.78% or $2.71 to $15.63 per share on analyst downgrade and lowering estimate due to problems with sales of the company's cell phones. The stock was the second leading decliner on Nasdaq today with 9.7 million shares exchanged hands.