Stocks On The Move - December 22

Stocks Rise on Heavy Volumn:

• Pinnacle Airlines Corp. (PNCL): shares of Memphis, Tennessee based regional airline company soared 56.54% to 52 weeks high of $16.75 per share after the company extend the deal with Northwest Airlines. The stock was the leading gainer on the stock market today with 5.43 million shares traded.
• SciClone Pharmaceuticals Inc. (SCLN): shares of San Mateo, California based drug maker surged 38.59% to $3.13 per share after the early results from a mid-stage clinical trial showed positive result. The stock was the second leading gainer on Nasdaq today with 10.29 million shares traded.
• InterMune Inc. (ITMN): shares of Brisbane, California based biotechnology company jumped 29.03% to $28.4 per share after a Japanese company reported positive results from a Phase III trial of drug pirfenidone which the company also develops. The stock was the fourth leading gainer on Nasdaq today with 5.7 million shares traded.

Stocks Drop on Heavy Volumn:

• Mamma.com Inc. (MAMA): after rising for five straight sessions shares of the Montreal, Canada based web search technology company tumbled 23.4% to $6.09 per share on profit taking. The stock was the leading decliner on Nasdaq today with 17.76 million shares traded.
• Escala Group Inc. (ESCL): after rising as much as 200% within a week of trading, share of New York based collectable trading company plunged 20.54% to $7.93 per share on profit taking. The stock was the second leading decliner on Nasdaq today with 6.1 million shares traded.