Stocks On The Move - June 15

Stocks Rise on Heavy Volumn:

• Encysive Pharmaceuticals Inc. (ENCY): a broad rally in the market help many stocks going higher today including the Bellaire, Texas based biopharmaceutical company which soared 38.81% or $1.96 per share to $%7.01 per share as FDA begins to review the company's blood pressure drug. This is an encouraging news as FDA in March delayed the drug approval which send the stock down to 52 weeks low of $4.6 per share. Early this month the stock also soared 34.72% to $5.82 per share on the same drug approval from European drug regulator. The stock was also upgraded by two analysts the same day. The stock was the biggest winner on Nasdaq today with 13.7 million shares traded, about four times average volumn.
• Intermagnetics General Corp. (IMGC): another big winner of today's major rally in the market is the Latham, New York based Intermagnetics General Corp., a mmaker of superconducting materials, high-field magnets, and medical systems. The stock surged 26.19% or $5.6 to $26.98 per share after Royal Philips Electronics agreed to buy the company for $1.3 billion or $27.5 per share. The stock was the second leading gainer on Nasdaq today with 7.1 million shares traded or twelve times average volumn.
• Titanium Metals Corp. (TIE): today's winner in the New York Stock Exchange is the Dallas, Texas based titanium melted products maker Titanium Metals Corp. which surged 12.34% or $3.68 to $33.5 per share. Recently the stock has fall from 52 weeks high of $47.63 per share to as low as $27.93 per share on Tuesday. The stock became the eighth leading gainer on NYSE with 10.55 million shares traded or 1.5 times average volumn.

Stocks Drop on Heavy Volumn:

• We are happy to say that no stocks met this criteria today.