Stocks On The Move - December 26

Stocks Rise on Heavy Volumn:

• ZI Corp. (ZICA): shares of Calgary, Canada based software maker jumped 45.45% to $2.56 per share after the company launches mobile search engine to T-Mobile phones. The stock was the leading gainer on Nasdaq today with 7.24 million shares traded.
• Telkonet Inc. (TKO): shares of Germantown, Maryland based electrical line based networking solution provider surged 17.89% to $2.9 per share after Department of Homeland Security's Transportation Security Administration has completed evaluation of the company's networking platform. The stock was the second leading gainer on Nasdaq today with 4 million shares traded.

Stocks Drop on Heavy Volumn:

• Telik Inc. (TELK): shares of Palo Alto, CA based biopharmaceutical company plunged 70% to new multi-year low of $4.77 per share on disappointing late-stage clinical results of its cancer treatment drug. The stock was the leading decliner and the third heaviest traded on Nasdaq today with 33.55 million shares traded.
• Mamma.com Inc. (MAMA): shares of the Montreal, Canada based web search technology company are on second day of profit taking with another 8.87% drop to $5.55 per share. The stock was still trading in above average volumn with 10.5 million shares traded.