Stocks On The Move - July 3

Stocks Rise on Heavy Volumn:

1. Continental Airlines, Inc. (CAL): despite a short trade day, shares of leading airline company still managed a 11% gain to $37.62 per share after the airline operator reported better-than-expected traffic in June and rise in key revenue. The stock was the third leading gainer on NYSE with 5.9 million shares traded.
2. Hilton Hotels Corp. (HLT): another major mover involves a blockbuster acquisition of the leading global hotel chain operator. Hilton Hotel Corp shares rose 6.44% to $36.05 per share after private equity firm Blackston agreed to buy the hotel chain operator for $20 billion or $47 per share which is 32% higher than the closing price. We should be expecting a huge jump on price on Thursday.