Stocks On The Move - March 1

Stocks Rise on Heavy Volumn

• STATS ChipPAC Ltd. (STTS): shares of Singapore based semiconductor testing company soared 22.75% to $11.87 per share as investment firm Temasek Holding is bidding the company for $2.43 billion or $11.46 per share. The stock was the fifth leading gainer on Nasdaq today with 6.66 million shares traded.
• Hyperion Solutions Corp. (HYSL): shares of Santa Clara, CA based business performance management software maker surged 20.38% to $51.57 per share after Oralce is buying the company for $3.3 billion or $52 per share. The stock was the seventh leading gainer on Nasdaq today with 24.2 million shares traded.

Stock Drop on Heavy Volumn

• Constellation Brands Inc. (STZ): shares of Fairport, NY, based alcohol beverage producer sank 14.49% to $20.06 per share on profit and revenue warning for 2008. The stock was the second leading decliner on NYSE today with 13.5 million shares traded.
• Laboratory Corp. of America Holdings (LH): shares of Burlington, North Carolina based testing services provider for medical industry tumbled 11.94% to $70.17 per share after the company lost major contract with health insurer Aetna. The stock was the fourth leading decliner on NYSE today with 9.5 million shares traded.