Stocks On The Move - March 26

Stocks Rise on Heavy Volumn:

• Alexza Pharmaceuticals Inc. (ALXA): shares of Palo Alto, CA based drug maker jumped 52.4% to $15.21 per share after the company reported positive test results for its migraine drug. The stock was the winner on Nasdaq on Friday with 9.97 million shares traded.
• Biosite Incorporated (BSTE): shares of San Diego, CA based medical diagnostic company soared 51.32% to $83.8 per share after Beckman Coulter Inc. is buying the company for $1.55 billion or $85 per share. The stock was the second leading gainer on Nasdaq today with 7.23 million share traded.

Stocks Drop on Heavy Volumn:

• CV Therapeutics, Inc. (CVTX): shares of Palo Alto, CA based biotechnology company plunged 21.24% to $6.75 per share after the company reported weak trial results for Ranexa, an angina treatment. The stock was the biggest loser on Nasdaq today on heavy volumn of 14.38 million shares traded.
• Progressive Gaming International Corp. (PGIC): shares of Las Vegas based casino equipment supplier tumbled 14.81% to $4.2 per share due to stock trading irregularities. The stock was the fourth leading decliner on Nasdaq today with 7.37 million shares traded.