More than 19 million shares had changed hands in Tuesday afternoon trading versus the issue's trailing three-month daily average of 7.2 million.
Shares of Brinker International (EAT) was also gaining on heavy volume, rising 10% to $23.13 after its fourth-quarter profit more than doubled, topping Wall Street's expectations.
The biggest gainer on Tuesday was a relatively obscure stock -- Cavico Corp. (CAVO), a Vietnam-based infrastructure company listed on the Nasdaq exchange. The stock was up a whopping 69% at $2.85 on news that the company had been awarded a $7.75 million tunnel construction contract. Volume of 3.7 million more than 125 times the issue's trailing three-month daily average volume of less than 30,000.Tuesday Morning (TUES) was also one of Tuesday's winners, rising 20% to $4.86 after the Dallas-based furniture and homewares retailer forecast earnings of 37 to 41 cents a share for its fiscal 2011 ending in June, ahead of Wall Street's view for a profit of 33 cents a share.
>To contact the writer of this article, click here: Shanthi Bharatwaj. >To follow the writer on Twitter, go to http://twitter.com/shavenk. >To submit a news tip, send an email to: email@example.com.
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