Stock on the Move - December 16

Stock Rising on Heavy Volumn

• Adobe System(ADBE) $38.88 +11.14% 28,749,544: shares of San Jose based software maker surged 11% to year high on strong quarterly report as the quarterly net profit rose 38% on strong demand of its document management and design software. The revenue also rose 19% to $507 million. The stock is showing strong upward momentum entring into the end of the year.
• Animas Corp.(PUMP) $24.03 +32.03% 7,047,160: the West Chester, PA based maker of insulin pumps saw its stock sky-rocketted 32% after announcement of Aquisition by Johnson & Johnson(JNJ). J&J would pay $24.5 for the 22 million Animas outstanding shares. After the news shares of J&J also rose 1.2% to $60.86.

Stock Dropping on Heavy Volumn

• OraSure Tehnologies Inc. (OSUR) $8.46 -25.59% 13,022,601: shares of Bethlehem, PA based maker of oral specimen collection devices plunged 25% on downgrades and clinics halts use of OraSure Test. The stock has been falling from its 52 week high of $14 per share sine early this month.
• SFBC International Inc. (SFCC) $13.14 -16.73% 14,267,094: stock of Miami, FL based drug development service company dropped 16% on heavy volumn on downgrades. The stock has fall 65% from November high of $40 per share.