Unusual Stock Activity – February 23, 2011: OCLR, IOSP, HEICO, LL
By:NewsyStocks   Thursday, February 24, 2011 8:30 AM

Oclaro Inc. (Nasdaq: OCLR), a provider of core optical network components, saw unusually high trading volume on Wednesday. Oclaro gained 6.51 percent to close at $16.19 on Wednesday. The rise in the trading volume was seen after Jim Cramer said Oclaro is one of the few players remaining after the industry consolidation and that the company is in a good position to take some advantage in the market. The shares traded 5 times the average trading volume of 1,101,620.

UK-based chemical maker Innospec Inc. (Nasdaq: IOSP) traded 2.1 times its average trading volume of 85,757 on Wednesday, gaining 5.06 percent to settle at $27.20. The heavy buying on the stock soared its stock price on Wednesday. On February 18, the company filed its annual report with the Securities and Exchange Commission.

Lumber Liquidators Holdings Inc. (NYSE: LL) stock traded 5 times its average trading volume of 302,135, losing 10.61 percent to $24.44 on Wednesday. Heavy selling was seen on the stock, after it reported a 17 percent dip in fourth quarter net income to $5.9 million, or $0.21 per diluted share, compared to $7.1 million, or $0.25 per diluted share in the same period last year.

Heico Corporation (NYSE: HEI) saw some exceptionally high trading volume, after it reported record first quarter profit of 417.07 million, or $0.50 per share, up 45 percent compared to the profit reported in the same period last year. Heico traded 2 times higher than its average trading volume of 104,525, gaining 6.20 percent to settle at $56.53 Wednesday.