Stocks On The Move - March 6

Stocks Rise on Heavy Volumn:

• Impac Mortage Holdings Inc. (IMH): shares of Newport Beach, CA based mortgage firm bounced back 20% to $4.87 per share after a month of heavy sell-off which send the stock from $8 to $4 yesterday, a 50% drop. The stock is the fourth leading gainer on NYSE today with 6.2 million shares traded.
• Fremont General Corporation (FMT): the Santa Monica, CA based mortgage loan operator is also enjoying the rebound from the mortgage company as shares gained 15.11% to $6.78 per share. However since January the stock has lost more than 50%. The stock was the sixth leading gainer on NYSE today with 10.5 million shares traded.

Stocks Drop on Heavy Volumn:

• InterMune Inc. (ITMN): shares of Brisbane, California based biotechnology company plunged 21.03% to $22.15 per share after the company halts trials for lung treatment drug. The stock was the biggest loser on Nasdaq today with 7.42 million shares traded.