Stocks On The Move - February 13
Stocks Rise on Heavy Volumn:
- Ceridian Corporation (CEN): shares of Minneapolis based information services company rose 8.63% to $33.37 per share on bullish earnings and sales forecast for 2007. The stock was the third leading gainer on NYSE today with 7.58 million shares traded.
- New Century Financial Corp. (NEW): shares of Irvine, CA based real estate investment trust company gained 8.02% to $18.59 per share on analyst upgrade saying the company still has enough cash to operate. The stock was the sixth leading gainer on NYSE today with 10.65 million shares traded.
Stocks Drop on Heavy Volumn:
- The Knot Inc. (KNOT): shares of New York based online wedding service company plunged 19.75% to $24.13 per share after the company reported dissappointing fourth-quarter result below Wall Street's estimate. The stock was the second leading decliner on Nasdaq today with 4.8 million shares traded.
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