Stocks On The Move - IRSN, RMBS, ENT, ZVUE, WSM
The market is hot. So hot that it overshadows the slowdown in the housing sector. The Dow is still at 52 weeks high rising 54 points to 12,305 and Nasdaq is still on the rising gaining another 6 points to 2,449.
On the Nasdaq side advancers barely beat the decliners by a slim margin with 1,525 stocks going up and 1,507 stocks going down. Leading the way on Nasdaq is Irvine Sensors Corp. (IRSN) which gone more than doubled to $2.39 per share after the defense and security mini-electronic parts maker received new orders worth $16.6 million. This ends the long slide in stock price since January of this year.
Another big winner on Nasdaq is the memory chip maker Rambus Inc. (RMBS) which soared 30.45% or $5.07 to $21.72 per share on speculation that the company would be barely affected by a lawsuit filed by FTC. The stock came in third of the top perfomer and was the nineth heaviest traded on Nasdaq with 36 million shares traded.
The bull ruled the New York Stock Exchange with 1,746 advancers while only 1,5o9 stocks went down. Leading the way was the Canadian oil and gas trust company Enterra Energy Trust(ENT) which surged 16.71% to $8.73 per share on bullish comment by Jim Cramer on his Mad Money show on Wednesday. The stock this year alone has lost more than half of the value.
Going opposite way to most stocks today was media players maker Handheld Entertainment(ZVUE) which plunged 20% to $4.88 per share after announcement that additional 3.2 million shares would become free trading, adding total floating shares to 6.3 million.
Going south in NYSE was specialty furniture store Williams-Sonoma Inc. (WSM) which went down 9.89% to $31.7 per share after the company lowered it's fourth-quarter and fiscal 2006 guidance due to poor housing market. The stock was the second leading decliner with 9 million shares exchanged hands.
On the Nasdaq side advancers barely beat the decliners by a slim margin with 1,525 stocks going up and 1,507 stocks going down. Leading the way on Nasdaq is Irvine Sensors Corp. (IRSN) which gone more than doubled to $2.39 per share after the defense and security mini-electronic parts maker received new orders worth $16.6 million. This ends the long slide in stock price since January of this year.
Another big winner on Nasdaq is the memory chip maker Rambus Inc. (RMBS) which soared 30.45% or $5.07 to $21.72 per share on speculation that the company would be barely affected by a lawsuit filed by FTC. The stock came in third of the top perfomer and was the nineth heaviest traded on Nasdaq with 36 million shares traded.
The bull ruled the New York Stock Exchange with 1,746 advancers while only 1,5o9 stocks went down. Leading the way was the Canadian oil and gas trust company Enterra Energy Trust(ENT) which surged 16.71% to $8.73 per share on bullish comment by Jim Cramer on his Mad Money show on Wednesday. The stock this year alone has lost more than half of the value.
Going opposite way to most stocks today was media players maker Handheld Entertainment(ZVUE) which plunged 20% to $4.88 per share after announcement that additional 3.2 million shares would become free trading, adding total floating shares to 6.3 million.
Going south in NYSE was specialty furniture store Williams-Sonoma Inc. (WSM) which went down 9.89% to $31.7 per share after the company lowered it's fourth-quarter and fiscal 2006 guidance due to poor housing market. The stock was the second leading decliner with 9 million shares exchanged hands.
posted by Stock Geek at
8:18 PM
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