Stock On the Move

Thursday, April 06, 2006

Stock On The Move - April 6

Stocks Rise on Heavy Volumn:

Stocks Drop on Heavy Volumn:

  • Spectrum Brands Inc. (SPC): the Atlanta, GA based Rayovac batteries maker plunged 27.86% or $5.99 to new 52 weeks low of $15.51 per share after the company cut second quarter forecast due to weakness in its consumer battery business. In addition the company also annouced 350 jobs cut in Europe, about 24% of workforce. The stock was the leading decliner on NYSE today with 9.4 million shares exchanged hands, about 13 times average volumn.
  • Novavax Inc. (NVAX): shares of Malvern, PA based avian flu vaccine maker dropped 10.03% or 67 cents to $6.01 per share on analysts downgrade as the recent runup in the stock's price was not justified. The stock is the fifth leading decliner on Nasdaq today with two times average volumn of 11 million shares traded.

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