Stocks On The Move - January 24

Stocks Rise on Heavy Volumn:

• Conolog Corp. (CNLG): shares of Somerville, NJ based electronic components design company skyrocketted 85.87% to $3.42 per share after the company announced that its CM-100 direct substation communicator system received final testing approval. The stock was the leading gainer on Nasdaq today with 8.2 million shares traded.
• Corning Inc. (GLW): shares of diversified glass company surged 10.93% to $20.9 per share after the company posted profit of $646 million in the fourth quarter on strong sales of liquid-crystal-display galss. The glass technology company was the second leading gainer and the third heaviest traded on NYSE today with 65.62 million shares traded.
• TRM Corp. (TRMM): shares of Portland, Oregon based ATM operator jumped 49.55% to $3.32 per share after the company sold its U.K. division to NoteMachine ltd. for $92.6 million. The stock was the third leading gainer on Nasdaq today with 7.32 million shares traded.

Stock Drop on Heavy Volumn:

• Advanced Micro Devices Inc. (AMD): the price war with rival Intel Corp. is hurting the stock price and also shaking the analysts confidence of the world's second leading CPU maker as shares lost 8.45% to $16.03 per share. The stock was the third leading decliner and the second heaviest traded on NYSE today with 74.67 million shares traded.