Stock on the Move - December 27

Stocks Rise on Heavy Volumn:

• Neopharm Inc.(NEOL): shares of Lake Forest, IL based cancer drug maker surged $4.15 or 52% to $12.1 per share as the company got OK to proceed late stage trial of brain cancer drug. The news gave the biotech firm a big boost as the stock has been trading near 52 week low. The stock was the top percentage gainer on Nasdaq and was the nineth in terms of volumn with 15 million shares traded.
• Repligen Corp.(RGEN): the Maryland based biotech firm announced claims to a patent for a componenet in a FDA approved drug and send the share up $0.61 or 19% in one day with 3.3 million shares traded. The stock is now back to its 52 week high of close to $4 per share.

Stock Drop on Heavy Volumn:

• OfficeMax Inc.(OMX): share of major office supplies retailer was down 11% or $3.17 to $24.35 per share as one major shareholder may reduce position and would not push for management change. The stock is now trading at new 52 week low with 3.8 million shares traded today.
• Mercury Interactive(MERQE): the Mountain View, CA based enterprice software firm will miss the 2Q and 3Q filing deadline and may face delisting from Nasdaq. The worried investors send the stock down $2.37 or 7% to $28.99 per share. The plunge ends the recent rally which started as the stock was trading at its 52 weeks low of $25 per share in November.