Stocks On The Move - January 23

Stocks Rise on Heavy Volumn:

• Nutrition 21 Inc. (NXXI): shares of Purchase, NY based nutrition products maker surged 13.76% to $2.15 per share after the company annouced that its selenium yeast product supressed progression of HIV. The positive news help the stock reached as high as $2.63 today. The stock was the seventh leading gainer on Nasdaq today with 8.36 million shares traded.
• United Microelectronics Corp. (UMC): shares of Taiwan based second leading semiconductor foundry company rose 11.21% to $3.67 per share as the company is planning to reduce its shares by 30% and make a large payment to shareholders. The stock was the fourth leading gainer and the thirteenth heaviest traded on NYSE today with 22.9 million shares traded.

Stocks Drop on Heavy Volumn:

• Nektar Therapeutics (NKTR): shares of San Carlos, CA based biopharmaceutical company tumbled 9.51% to $13.03 per share on anticipated lower sales of Exubera, a insulin which uses drug-delivery technology made by Nektar. The stock was the third leading decliner on Nasdaq today with 10.6 million shares traded.
• AMR Corp. (AMR): shares of American Airline dropped 8.46% to $36.7 per share after the company issued 13 million new shares at $38.7 per share. The stock was the second leading decliner and the seventh heaviest traded on NYSE today with 34 million shares traded.