Stocks On The Move - November 2

Stocks Rise on Heavy Volumn:

• Guess Inc. (GES): shares of casual clothing retailer surged 13.05% to $64.02 per share on strong sales in October. The company also forecast fourth-quarter profit which may beat Wall Street's estimate. The stock was the sixth leading gainer on NYSE today with 5.76 million shares traded.
• Novell Inc. (NOVL): shares of open source software provider surged 15.67% or 92 cents to $6.79 per share on alliance with Microsoft. The stock was the nineth leading gainer and the fourth heaviest traded on Nasdaq today with 47.6 million shares traded.

Stocks Drop on Heavy Volumn:

• Investment Technology Group Inc. (ITG): shares of New York based investment company tumbled 9.24% to $41.75 per share despite posting 32% jump in third quarter profit. The stock was the sixth leading gainer on Nasdaq today with 6 million shares traded.