9 Hot Stocks on the Move

Posted by on Aug 30, 2010 | No comment

A.D.A.M. Inc. (NASDAQ: ADAM) is moving higher on news of Ebix Inc.’s (NASDAQ: EBIX) agreement to acquire the company for $66 million. At last check, the stock was up 75.39% to $5.56 on above-average volume of 1.36 million shares. (NASDAQ:ADAM), (ADAM)

Ceragon Networks Ltd. (NASDAQ: CRNT) is higher after announcing the receipt of new orders from a leading Indian operator. Revenue is expected to be recognized in 2011. Shares are up 9.25% at $8.50 on nearly four times its average volume. (NASDAQ:CRNT), (CRNT)

Hewlett-Packard Company (NYSE: HPQ) is up 2.39% to $38.91 on 15.31 million shares. The microchip giant announced its board approved a plan to buy back up to $10 billion of its own stock. (NYSE:HPQ), (HPQ)

DG FastChannel Inc. (NASDAQ: DGIT) is lower after a disappointing Q3 revenue outlook. Shares are down 32.56% at $16.55 on above-average volume of 15.05 million shares. (NASDAQ:DGIT), (DGIT)

QLogic Corp. (NASDAQ: QLGC) is moving up after announcing the approval of a stock repurchase program for an additional $200 million. Shares are up 1.55% at $15.04 on volume of 1.22 million shares. (NASDAQ:QLGC), (QLGC)

UAL Corp. (NASDAQ: UAUA) is up 2.44% to $20.95 on 4.26 million shares. United Airlines gained the antitrust approval by the U.S. Justice Department to buy Continental Airlines (NYSE:CAL). (NASDAQ:UAUA), (UAUA)

Fossil Inc. (NASDAQ: FOSL) is rising after the company’s board approved a stock repurchase plan worth up to $750 million. Shares are up 4.61% at $48.12 on 1.24 million shares. (NASDAQ:FOSL), (FOSL)

Lululemon Athletica inc. (NASDAQ: LULU) is down 9.09% to $32.30 on nearly four times its average volume. Jefferies & Co. has downgraded Lululemon to Underperform from Hold and cut the price target on the stock to $30 from $38. (NASDAQ:LULU), (LULU)

Intel Corp. (NASDAQ: INTC) is down 1.91% to $18.02 on 40.23 million shares. The chip giant agreed to acquire the wireless business of Infineon Technologies AG (OTCBB: IFNNY) for $1.4 billion in cash. (NASDAQ:INTC), (INTC)

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