Stocks On The Move - Feburary 8

Stocks Rising On Heavy Volumn:

• Nxstage Medical Inc. (NXTM): shares of Lawrence, MA based medical equipment maker for treatment of kidney failure skyrocketted 42.35% to $12.1 per share as DaVita Inc. bought 7% stake in Nxstage for $20 million or $10 per share. The stock was the second leading gainer on Nasdaq today with 7.93 million shares traded.
• Spectralink Corp. (SLNK): shares of Boulder, CO based wireless telephone systems maker soared 32.35% to $11.66 per share after Polycom Inc is buying the company for $220 million or $11.75 per share. The stock was the third leading gainer on Nasdaq today with 6.92 million shares traded.

Stocks Dropping On Heavy Volumn:

• New Century Financial Corp. (NEW): shares of Irvine, CA based real estate investment trust company plunged 36.21% to $19.24 per share after the company annouced weakness for fourth quarter as well as accounting errors. The stock was the leading decliner on NYSE today with 15.2 million shares traded.
• Syntax-Brillian Corporation (BRLC): shares of Tempe, Arizona based high-definition televisions (HDTV) maker plunged 14.73% to $7.99 per share on weak guidance for the year. The stock was the fifth leading gainer on Nasdaq today with 11.3 million shares traded.