Stocks On The Move - June 2

Stocks Rise on Heavy Volumn:

• Encysive Pharmaceuticals Inc. (ENCY): shares of Bellaire, Texas based biopharmaceutical company soared 34.72% or $1.5 to $5.82 per share after drug regulator in Europe approve the company's blood pressure drug Thelin. The stock was also upgraded by two analysts the same day. This was probably the best single day performance after the stock plunged 49% to new 52 weeks low of $4.60 in March as FDA in US delayed approval of the hypertension drug. The stock was the biggest winner and the fourteenth heaviest traded on Nasdaq today with 20 million shares traded, about six times average volumn.
• Dynamic Materials Corp. (BOOM): shares of Boulder, CO based explorsion-welded clad metal plats for use in building vessels for oil refinery surged 17.94% or $5.06 to $33.27 per share on new analyst coverage and bullish comment. The stock was the eighth leading gainer on Nasdaq today with 5.3 million shares traded or six times average volumn.

Stocks Drop on Heavy Volumn:

• Revlon Inc. (REV): shares of New York, NY based cosmetics product maker plunged 37.17% or $1.13 to new 52 weeks low of $1.91 per share on weak earning outlook for this year due to weaker than expected sales growth. The stock was the biggest loser and seventh heaviest traded on NYSE today with 19 million shares exchanged hands.
• Home Solutions of America Inc. (HOM): shares of Dallas, Texas based rebuilding and remodeling services for commercial and residential properties tumbled 10.92% or $1.19 to $9.71 per share. The stock was the second leading decliner on AMEX today with 7.56 million shares traded.