Stocks On The Move - December 19

Stocks Rise on Heavy Volumn:

• Escala Group Inc. (ESCL): the hard hit global collectables trading company is back alive today with share almost doubled to $8.6 per share, gaining 91% in just a day after the company announced it will restate its finalcial results for three fiscal years and part of a fourth. The New York based collectables company used to be a $30 company in May. However the stamp investment fraud from its shareholder in May send the stock diving to as low as $4 per share. The stock was the biggest winner on Nasdaq today with 19 million shares trade, making it the twelveth heaviest traded on Nasdaq.
• Syntroleum Corp.(SYNM): shares of Tulsa, OK based energy technology company surged 45.91% per share on developing new gas-to-liquid facility with Kuwaiti oil company in New Guinea. This marks the first major rally of the year as the stock has been on the slide since January. The stock was the second leading gainer on Nasdaq today with record volum of 9 million shares.

Stocks Drop on Heavy Volumn:

• Northfield Laboratories Inc. (NFLD): shares of Evanston, Illinois based biotechnology company plunged 20.25% to $11.42 per share as the company is annoucing the result of the Phase II trial of the oxygen-carrying red blood cell substitute after the market close. Unfortunately the poor result send the stock down another 50% in after hours to new 52 weeks low of $5.65 per share. The stock was the third biggest loser on Nasdaq today and can end up with the biggest loser tomorrow with 6.16 million shares traded.
• Circuit City Stores Inc. (CC): shares of leading electronic retailer chain tumbled 16.48% to new 52 weeks low of $19.01 per share after the company swung to net loss in the third quarter on eroding margine due to discounts on flat-panel tv and computer hardware and software. The stock was the leading decliner and the third heaviest traded on NYSE today with 45 million shares exchanged hands.