Stock On The Move - February 6

Stocks Rising On Heavy Volumn:

• Nuance Communications Inc. (NUAN): shares of Burlington, MA based speech technologies company surged 18.34% to $13.42 per share after 75% increase in revenue for the first quarter. The stock was the fourth leading gainer on Nasdaq today with 23.47 million shares traded.
• MGIC Investment Corp.(MTG): shares of Milwaukee, WI based private mortage insurance provider rose 11.38% to $70.09 per share after the company plans to buy rival Radian group for $5.47 billion. The stock was the third leading gainer NYSE today with 6.97 million shares exchanged hands.

Stocks Dropping On Heavy Volumn:

• Globalstar Inc. (GSAT): shares of Milpitas, CA based satellite communications services provider plunged 28.185 to $10.4 per share after the company says none of its satellites currently in orbit can support two-way communication services by 2008. The stock was the worst stock on Nasdaq today with 11.18 million shares traded.
• Art Technology Group Inc. (ARTG): shares of Cambridge, MA based e-commerce software maker tumbled 16.85% to $2.22 per share after the company issued weak guidance for 2007. The stock was the third leading decliner on Nasdaq today with 11.78 million shares traded.