Stocks On The Move - May 16

Stocks Rise on Heavy Volumn:

• NCO Group Inc. (NCOG): shares of Horsham, PA based business process outsourcing services provider soared 36.48% or $6.95 to new 52 weeks high of $26 per share after the CEO of the company offered to take the company private for $27.5 per share. The stock was the biggest winner on Nasdaq of today with 5.3 million shares traded or 19 times average volumn.
• Sepracor Inc.(SEPR): shares of Marlborough, MA based drug maker surged 14.01% or $6.28 to $51.1 per share after shares of rival drug maker Neurocrine Biosciences(NBIX) tumbled 62% on FDA drug approval delay. The stock was the seventh leading gainer and the fifteenth heaviest traded on Nasdaq today with 18 million shares traded or seven times average volumn.

Stocks Drop on Heavy Volumn:

• Neurocrine Biosciences Inc. (NBIX): shares San Diego, CA based drug maker going opposite way of its rival Sepracor by dipping 62% or $33.87 to new 52 weeks low of $20.76 per share on FDA delaying the company's new sleeping pill. The stock was the second biggest loser and seven heaviest traded on Nasdaq today with 46.8 million shares exchanged hands, or 30 times average volumn.
• DOV Pharmaceutical Inc. (DOVP): shares of Hackensack, NJ based drug maker sank 58.16% or $4.03 to new 52 weeks low of $3.02 per share on analysts downgrade as the company is affected by FDA's approval delay of Neurocrine's Indiplon as the drug was licensed by DOV. The stock was the third leading decliner, following NBIX, on Nasdaq today with 10.99 million shares traded or 30 times average volumn.