Stocks On The Move - January 9

Stocks Rise on Heavy Volumn:

• Cheesecake Factory Inc.(CAKE): shares of casual dining chain operator surged 9.89% to $26.99 per share after reporting rise in sale for the fourth quarter. The stock was the eleventh leading gainer on Nasdaq today with 5.73 million shares exchanged hands.
• Gateway Inc. (GTW): shares of Irvine, CA based PC maker rose 7.39% to $2.18 per share. Last Friday new coverage was initiated on the stock with a Buy rating. The stock was the seventh leading gainer on NYSE today with 6.76 million shares traded.

Stocks Drop on Heavy Volumn:

• Escala Group Inc. (ESCL): share of trouble collectable trading company plummetted 41.27% to $4.54 per share after the company received delisting notice from Nasdaq due to failure of filing financial statements. The stock was the leading decliner on Nasdaq today with 8.85 million shares traded.
• Compania Anonima Nacional Telefonos de Venezuela(VNT): shares of Venezuela based telecom company plunged 27.55% to $12.2 per share on President Chavez's nationalization plan. The stock was the third leading decliner on Nasdaq today with 8.39 million shares exchanged hands.