Stocks On The Move - June 1

Stocks Rise on Heavy Volumn:

• CKX Inc. (CKXE): shares of New York based entertainment company who owns rights of image of Elvis Presley and Muhammad Ali and also rights to American Idol series jumped 37.82% to $14.65 per share after the company agreed to be taken private for $1.33 billioni or $13.75 per share. The stock was the leading gainer on Nasdaq on Friday with 10.38 million shares traded.
• Dow Jones & Co. Inc. (DJ): shares of owner of major financial news providers such as The Wall Street Journal and MarketWatch surged 14.8% to $61.2 per share after the company said it would meet with Ruper Murdoch of News Corp. to address the $5 billion bid for the company. The stock was the leading gainer on NYSE with 11.6 million shares traded.

Stock Drop on Heavy Volumn:

• Labopharm Inc.(DDSS): shares of Canada based pharmaceutical company plunged 51.35% to 52 weeks low of $3.07 per share as the government delayed approval of it's pain-reliever drug. The stock was the leading decliner on Nasdaq with 8 million shares traded.