Stocks On The Move - November 30

Stocks Rise on Heavy Volumn:

• Durect Corp. (DRRX): shares of the Cupertino, CA based pharmaceutical company soared 23.16% to $4.68 per share on new development deal worth up to $202 million with Danish drugmaker Nycomed. The stock was the biggest winner on Nasdaq today with 8.96 million shares traded or twenty times average volumn.
• Xenonics Holdings Inc. (XNN): shares of Carlsbad, CA based illumination products maker skyrocketted 149.23% to $3.24 per share as the company is expecting increase in fourth quarter revenue. The stock was the best performer of the day with 9.6 million shares traded.

Stocks Drop on Heavy Volumn:

• Select Comfort Corporation (SCSS): the Minneapolis, MN based firmness beds maker plunged 17.68% to $17.28 per share as the same-store sales during the first eight weeks of the fuorth quarter tumbled 9% compared to last year. The stock was the biggest loser on Nasdaq today with 11.03 million shares traded.
• TiVo Inc.(TIVO): shares of Alviso, CA based digital video recorders(DVRs) maker tumbled 9.54% to $5.69 per share after the company issued a weaker-than-expected revenue outlook for the fourth quarter due to increasing competition. The stock was the twelveth leading decliner on Nasdaq with 6.05 million shares traded.