Stocks On The Move - September 19
Stocks Rise on Heavy Volumn:
- NetSol Technologies Inc. (NTWK): the financial services software provider took center stage today as it reported fourth quarter profit of $1.3 million which was far better than the $1.7 million loss last year. The surprising positive news lifted the stock up 40.24% to $2.37 per share with heavy volumn of 13.7 million shares traded, about 46 times average volumn. The stock also hit new 52 weeks high of $2.95 during today's trading session and was the second best performer on Nasdaq today.
Stock Drop on Heavy Volumn:
- CarMax Inc. (KMX): two days of market rally on Fed's rate cut didn't help the car dealership as stock tumbled 15.04% to $21.29 per share on weak sales in the second quarter and also weak forcast for the year. The stock was the leading decliner on NYSE today with 20 million shares traded.