Stocks On The Move - June 12

Stock Rise on Heavy Volumn:

• Pozen, Inc. (POZN): the 60% plunged last Friday attracted bargain hunters to the Chapel Hill, North Carolina based drug maker for chronic pain. Heavy buying of 15.7 million shares, about 20 times normal volumn, lifted the stock 10.87% or 60 cents to $6.12 per share. The stock was the fifth heaviest traded on Nasdaq today.
• Texas Regional Bancshares Inc. (TRBS): the Mcallen, Texas based regional bank holding company operaing 73 branches in Texas became one of the few stocks going higher today by adding 10.23% or $3.5 to new 52 weeks high of $37.7 per share after BBVA, the Bilbao, Spain based banking company operating in 32 countries, agreed to acquire the company for $2.16 billion or $38.9 per share. The stock actually has been rising since end of May prior to the buyout deal. The stock was the eighth leading gainer on Nasdaq today with 6 million shares exchanged hands, or 21 times average volumn.

Stocks Drop on Heavy Volumn:

• Crystallex International Corp. (KRY): shares of Toronto, Canada based gold mining company for property in Venezuela plummeted 21.04% or 81 cents to $3.04 per share on amendment of common share purchase warrants and falling gold price. The stock was the third leading decliner and the sixth heaviest traded on AMEX today with 15.9 million shares exchanged hands or three times average volumn.
• Peru Copper Inc. (CUP): shares of Vancouver, Canada based copper mining company for property in Peru plunged 17.84% or 89 cents to $4.1 per share on falling metal price and profit taking after the company's concern on recently volatile activity. The stock was the fourth leading decliner on AMEX today with 6.9 million shares traded, or three times average volumn.