Stocks On The Move - March 15

Stocks Rise on Heavy Volumn:

• Accredited Home Lenders Holding Co. (LEND): bargain hunters are all over the subprime mortgage sector as many stocks in this sector are up at least 20%. One of the best perfomer is San Diego based Accredited Home Lenders Holding with shares soaring 56.13% to $9.43 per share, the second straight day that the stock rose more than 50%. Yesterday shares soared 52.14%. the stock has gained as much as 200% since it hit 52 weeks low on Tuesday. The stock was the leading gainer and the second heaviest traded on Nasdaq today with 76 million shares traded.
• Mapinfo Corp. (MAPS): shares of Troy, NY based mapping software maker skyrocketted 51.4% to $20 per share as Pitney Bowes is buying the copmany for $408 million or $20.25 per share. The stock was the second leading gainer on Nasdaq today with 6.77 million shares traded.
• WebEx Communicatiosn Inc. (WEBX): shares of Santa Clara, CA based web collaboration services provider surged 22% to $56.38 per share as Cisco is buying the company for $3.2 billion or or $57 per share. The stock was the fifth leading gainer and the twelveth heaviest traded on Nasdaq today with 21.56 million shares exchanged hands.
• Novastar Financial Inc. (NFI): the Kansas City based subprime mortage lender Novastar Financial has gained over 20% for the second straight day with another 23.21% gain to $5.15 per share. The stock was the second leading gainer on NYSE today with 13.9 million shares traded, twice as much volumn as yesterday.