Stocks On The Move - March 19

Stocks Rise on Heavy Volumn:

• Acadia Pharmaceuticals Inc. (ACAD): the biggest winner on the stock market today is the San Diego based Parkinson disease drug maker Acadia Pharmaceuticals. The stock went doubled to $13.61 per share on positive result from the Phase II trial of its schizophrenia drug. The stock is now back to almost its 52 previous 52 weeks high back in April of last year.
• TODCO (THE): mergers have been the headlines of the today's market including the acquisition of Houston based oil drilling company Todco by Hercules Offshore. The merger is worth $42.01 per share, about 28% higher than the stock's close on Friday. The stock ended today with 19.71% gaing to $39.24 per share, still $3 away from the merger price but is good enough to be the second leading gainer on NSYE today.

Stocks Drop on Heavy Volumn:

• Atherogenics Inc. (AGIX): the failed late stage clinical trial devastated the Alpharetta based drug maker as investors punished the stock with 60% loss to $3.09 per share, the lowest of the year. The stock end up being the biggest loser on Nasdaq today on heavy volumn of 21 million shares.
• Peoplesupport Inc. (PSPT): shares of Los Angeles based staffing service provider plunged 19.57% to $11.26 lost contract with Vongage. The stock was the third leading decliner on Nasdaq today with 11 million shares traded.