Stocks On The Move - May 1
Stocks Rise on Heavy Volumn:
- 24/7 Real Media Inc. (TFSM): shares of online advertising and marketing comapny surged 20.3% to 52 weeks high of $11.97 per share on potential buyout by Microsoft. The stock was the third leading gainer on Nasdaq today with 13 million shares traded.
- Dow Jones & Co. Inc.(DJ): shares of leading business and financial news provider jumped 54.69% to $56.2 per share after News Corp. offer to buy the company for $60 per shar eor $5 billion. The stock was the leading gainer and the heavist traded on NYSE today with 44 million shares exchanged hands.
Stock Drop on Heavy Volumn:
- I2 Technologies Inc.(ITWO): shares of supply chain management software maker plummetted 30.2% to $17.77 per share after the company reported earnings below Wall Street's estimates. The stock was the biggest loser on Nasdaq today with 6.4 million shares traded.
- Liz Claiborne Inc. (LIZ): shares of New York based clothing retailer plunged 17.26% to $37 per share as the company's first quarter earnings tumbled 65% due to cut back on poor performing clothing lines. The stock was the leading decliner on NYSE today with 16 million shares traded.
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