Stock On The Move - April 3

Stocks Rise on Heavy Volumn:

• Blue Dolphin Energy Co. (BDCO): shares of Houston, Texas based oil and natural gas company surged for the second straight session as the company last Thursday announced fourth quarter net income compared to net loss for the same quarter in the previous year. The stock was up 19.28% or 64 cents to $3.96 per share with 8.7 million shares traded, almost 3 million more than previous session.The stock was the fifth leading gainer on Nasdaq today.

Stocks Drop on Heavy Volumn:

• Inhibitex Inc. (INHX): shares of Alpharetta, Georgia based biotechnology company plunged 65.98% or $4.79 to $2.47 on multiple analysts downgrades after the company reported disappointing clinical trial for its drug Veronate. The stock was the biggest loser on Nasdaq today with 14.9 million shares traded.