Stocks On The Move - June 6

Stocks Rise on Heavy Volumn:

• Evergreen Solar Inc. (ESLR): despite the market going south again, the Marlboro, MA based solar cell maker surged 15.77% to $13.07 per share after the company signed a long term agreement with a supplier of granular polysilicon. The surge bring the stock back above 200 day moving average, a key level for long term buyers. The stock in May alone has lost all the gains of this year. However today the stock shines again as it is the best stock in turns of percentage gain on Nasdaq with 7.7 million shares traded or about three times average volumn.
• Movie Gallery Inc. (MOVI): if you mentioned to others back in March that you bought shares of the Dothan, AL based troubled movie retal stores around $2 per share, you would probably be laughted at as why you want to buy a company possibility going bankrupt. However the same group of people would probably be pounding there head now as why they miss the chance of pocketing almost 300% return in just 3 months as shares of the movie rental company surged 9.33% or 64 cents to $7.5 per share, gaining 346% from 52 weeks low of $1.68 set on March 9. The surge in the past few trading sessions were fueled by rumors that the company may merge with rival Blockbuster Inc. (BBI). In addition the record volumn in mid May suggest the big buyers were back already. The stock was the eightly leading percentage gainer on Nasdaq with higher than normal volumn of 5.9 million shares traded.

Stocks Drop on Heavy Volumn

• Home Solutions of America Inc. (HOM): the party has seemed to come to an end for the Dallas, Texas based home remodeling company as the 3% revenue hit from the $800,000 loan to a customer scared away the investors by taking the stock down to the basement with a 29.17% plunge to $6.8 per share. However the stock is still one of the best performer for the past 52 weeks as the stock still holds on to a 400% gain since the beginning of last June at $1.37 per share. However since the stock reached 52 weeks of $14.14 in May, it has lost about half of its value. The stock was the worst performer and the fourth heaviest traded on AMEX today with 26 million shares traded.