Stocks On The Move - February 1

Stocks Rise on Heavy Volumn:

• WebEx Communicatiosn Inc. (WEBX): shares of Santa Clara, CA based web collaboration services provider soared 21.44% to $45.03 per share after the company posted strong fourth quarter earnings and also expected huge rise in profit for the first quarter. The stock was the third leading gainer on Nasdaq today with 6.7 million shares exchanged hands.
• ON Semiconductor Corp. (ONNN): shares of Phoenix, AZ based power and data management semiconductors maker surged 16.27% to $9.72 per share as the company's fourth-quarter profit jumped more than fourfold to $87.4 million on strong sales. The stock was the seventh leading gainer and seventh heaviest traded on Nasdaq today with 42.98 million shares traded.

Stocks Drop on Heavy Volumn:

• 8x8 Inc (EGHT): shares of the VOIP(Voice over Internet Protocal) service provider plunged 16.2% to $1.5 per share after the company posted reduced loss of $3.1 million in the third quarter compared to $6.8 million last year. The stock was the third leading decliner on Nasdaq today with 5.89 million shares traded.
• Under Armour Inc. (UA): shares of Baltimore, MD based seller of sports apparel lost 7.15% to $47.17 per share despite posting a strong fourth quarter as the result feel short of analyst expectation. The stock was the fourth leading decliner on NYSE today with 6.92 million shares traded.