Stocks On The Move - December 28

Stocks Rise on Heavy Volumn:

• Threshold Pharmaceuticals Inc. (THLD): shares of Redwood City, California based Cancer drug maker soared 28.44% to $4.11 per share on positive clinical trial data of its cancer drug. The stock was teh fifth leading gainer on Nasdaq today with 6.66 million shares traded.
• AsianInfo Holdings Inc. (ASIA): shares of Beijing, China based telecom software company surged 19% to $7.83 per share after the company recently signed contracts to upgrade business support systems of China Telecom. The stock was the eighth leading gainer on Nasdaq today with 5.7 million shares traded.

Stocks Drop on Heavy Volumn:

• Encysive Pharmaceuticals Inc. (ENCY): shares of Houston, Texas based biotechnology company plunged 23.64% to $4.49 per share as FDA extends review of the company's hypertension drug Thelin. The stock was the second biggest loser on Nasdaq today with 14.76 million shares traded.