Stocks On The Move - July 24

Stocks Rise on Heavy Volumn:

• Republic Property Trust(RPB): shares of real estate investment trust company surged 22.21% to $14.03 per share after Liberty Property Trust agreed to buy the company for $383.5 million or $14.7 per share. The stock was the leading gainer on NYSE today with 9.3 million shares traded.


• Microvision Inc. (MVIS): shares of miniature display and imaging engines maker rose 12.37% to $5.45 per share after the company signed contract with handset maker Motorola. The stock was the tenth leading gainer on Nasdaq today with 12.1 million shares traded.

Stock Drop on Heavy Volumn:

• Ulstarcom Inc. (UTSI): shares of telecommunications equipment maker tumbled 17.97% to $3.88 per share after the company is reviewing certain sales contract in China. The stock was the second leading decliner on Nasdaq today with 9.4 million shares traded.


• Fremont General Corporation (FMT): shares of residential real estate lending business company sank 18.18% to $7.65 per share on subprime lending wows. The stock was the seocnd leading decliner on NYSE today with 5.2 million shares traded.