Stock On the Move

Thursday, March 16, 2006

Stock On The Move - March 16

Stocks Rise on Heavy Volumn:

  • Solexa Inc. (SLXA): shares of Hayward, California based genetic analysis technology company soared 16.97% to $9.65 as Jim Cramer on his Mad Money show said the stock is a buy. The stock is the nineth leading gainer on Nasdaq today with 5.3 million shares traded.
  • BioMarin Pharmaceutical Inc. (BMRN): shares of Novato, CA based biopharmaceutical company surged 11.81% to new 52 weeks high of following positive study results for the company's potential metabolic disorder treatment. About 15 times normal volumn of 11 million shares have exchanged hands.

Stocks Drop on Heavy Volumn:

  • Kulicke & Soffa Industries Inc. (KLIC): shares of Willow Grove, PA, based packaging material manufacturer plunged 20.30% to $8.99 on outlook. The stock is the third leading decliner on Nasdaq today with 9.1 million shares traded.

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