Stocks On The Move - November 15

Stocks Rise on Heavy Volumn:

• Vanda Pharmaceuticals Inc. (VNDA): shares of Rockville, Maryland based biotechnology company skyrocketted 52.66% to $14.9 per share on positive trial results for its insomnia drug. The stock was the second leading gainer on Nasdaq today with 9.59 million shares traded.
• RailAmerica Inc.(RRA): shares of Boca Raton, Florida based railroad transportation service provider soared 27.79% to $15.82 per share after the company agreed to a takeover by Fortress Investment Group for $639.3 million or $16.35 per share. The stock was the best performer on NYSE today with 5.64 million shares traded.
• US Airways Group Inc. (LCC): shares of Tempe, Arizona based airline company surged 16.83% to $59.46 per share after the company made a hostile bid to Delta Air Lines for $8 billion. The stock was the third leading gainer on NYSE today with 13.72 million shares traded.

Stocks Drop on Heavy Volumn:

• Comverse Technology Inc. (CMVT): shares of New York based communication equipment maker tumbled 14.29% to 52 weeks low of $17.69 per share on accounting error and delisting threat. The stock was the fifteenth leading decliner and the fourth heaviest traded on Nasdaq today with 58.28 million shares traded.