Stock on the Move - December 22

Stock Rise on Heavy Volumn:

• Atherogenics Inc. (AGIX) $19.74/+19.64%/13 millions : shares of Alpharetta, GA based drug maker surged 19% to $19.74 per share after receiving 1 billion deal from AstraZeneca, third-largest drug maker in Europe. From the deal, AstraZeneca will have the right to AGI-1067, a drug aiming for heart attacks and strokes. The stock has now gained almost 100% from 52 week low of $10.74 per share in April this year.
• BioCryst Pharmaceuticals Inc. (BCRX) $17.59/+15.65%/14 millions: shares of Birmingham, AL based cancer drug maker rose 15% as FDA gives green light to test potential bird flu treatment. The drug will be an alternative to Tamiflu. The stock has gained more than 400% from 52 week low of $3.7 in May this year.

Stock Drop on Heavy Volumn:

• Bed Bath & Beyond Inc. (BBBY) $36.27/-12.05%/29 million: shares of home furnishing and household items superstores dropped 12% as the current-quarter forecast fell short of analysts expection despite decent earning. The stock is down $10 from 52 week high.
• Hudson Highland Group Inc. (HHGP) $18.92/-28.17%/5.6 million: shares of New York based professional staffing firm plunged 28% to $18.92 on lower outlook as the company sees soften demand on staffing in North America, Australia and New Zealand. The stock was still at its 52 week high of $27.85 per share last week.