Stocks On The Move - December 11

Stocks Rise on Heavy Volumn:

• Hayes Lemmerz International Inc. (HAYZ): shares of Northville, Michigan based aluminum and stell wheels manufactuere soared 40.56% to $3.5 per share despite third quarter loss on more positive full year guidance. The stock was the best performer on Nasdaq today with 2.16 million shares traded.
• Continental Airlines Inc. (CAL): shares of the nation's fifth-largest airline company rose 8.19% to $45.42 per share as analyst raised earning estimates for the airline company. The stock was the fourth leading gainer on NYSE today with 9.42 million shares traded.

Stocks Drop on Heavy Volumn:

• Nuvelo Inc. (NUVO): the Sunnyvale, CA based biopharmaceutical company is the spotlight of the stock market stock as shares lost 80% to a miserable $4.05 per share, reaching a multi year low on failures of two clinical trials. For most of the year the stock has been traind in the range between $15 to $20 per share. The stock was the biggest loser and the second heaviest traded on Nasdaq today with 90 million shares traded.
• Neopharm Inc.(NEOL): shares of Lake Forest, IL based cancer drug maker plunged 67.86% to new multi-year low of $2.16 per share as the company's clinical trial failed to deliver as planned. The stock was the second leading decliner behind NUVO with 21.27 million shares traded also the eleventh heaviest traded on Nasdaq.