Stocks On The Move - February 27

Stocks Rise on Heavy Volumn

• RadioShack Corp. (RSH): a lot of stocks are in the red today as both Dow and Nasdaq plummetted more than 3%, the largest since 9/11. However for the shareholders of RadioShack it's actually a day to cheer about as the stock surged 11.94% to $52 weeks high of $25.13 per share on strong fourth quarter profit due to lower costs despite revenue decline. The postive news also push the volumn up four times above average shares to 13 million shares. The stock is no doubt the best stock on NYSE today.
• The Great Atlantic & Pacific Tea Co. Inc. (GAP): another rare winner today is the New Jersey based supermarkets operator. Shares rose 7.45% as the company is planning to buy rival Pathmark Store Inc. for $652.5 million or $12.5 per share. Shares of Pathmark on the other hand lost 10 cents to $11.95. The stock was the second leading gainer on NYSE today.

Stock Drop on Heavy Volumn

• Threshold Pharmaceuticals Inc. (THLD): most investors are in shock of the 3% drop in the indices and for the investors of the Redwood City, California based Cancer drug maker Threshold Pharmaceuticals it's even more shocking as the stock plunged 57.54% to near 52 weeks low of $1.52 per share due to disappointing Phase III clinical trial result of its cancer drug. The stock was the biggest loser on Nasdaq today with 7.15 million shares traded.
• Shuffle Master Inc. (SHFL): shares of Las Vegas, Nevada based card shuffler maker tumbled 14.52% to $21.02 per share on first quarter earnings warnings. The company is expected to report revenue between $35 to $38 million while analysts are expecting $49.6 million. The stock was the fourteenth leading decliner on Nasdaq today.