Stocks On The Move - March 8

Stocks Rise on Heavy Volumn:

• Mamma.com Inc. (MAMA): shares of Montreal, Canada based web search technology company surged 19.33% to $5.37 per share on strong earning report for the fourth quarter as the company swung with profit. The stock was the fifth leading gainer on Nasdaq today with 19.55 million shares exchanged hands, also the fourteen heaviest traded on Nasdaq.

Stocks Drop on Heavy Volumn:

• Hollis-Eden Pharmaceuticals Inc. (HEPH): shares of San Diego, CA based biotechnology company sank 32.24% to 52 weeks low of $2.9 per share on analyst downgrade following rejection of the company's radiation sickness drug. The stock was the biggest loser on Nasdaq today with 6.77 million shares traded.
• New Century Financial Corp. (NEW): after two straight days of recovery shares of subprime lender New Century Financial plunged to new 52 weeks low of $3.87 per share after the company has stopped accepting all new loan applications due to difficulties in getting financing. The stock was the leading decliner and the second heaviest traded on NYSE today with 51.18 million shares traded.