Stocks On The Move - March 9

Stocks Rise on Heavy Volumn:

• La Jolla Pharmaceutical Co. (LJPC): shares of San Diego, CA based biotechnology company jumped 43% to $5.91 per share on positive results from late stage study of Riquent which treats autoimmune disorder lupus. The stock was the best performer on Nasdaq today with 5.58 million shares traded.
• Jones Soda Co. (JSDA): shares of Seattle, WA based beverage maker soared 22.8% to $17.13 per share after the company reported huge profit boost and also new retailers who would carry its pop beverage. The stock was the third leading gainer on Nasdaq today with 7 million shares traded.
• Big Lots Inc. (BIG): shares of closeout merchandise retailer Seattle, WA based beverage maker surged 16.53% to $28.84 per share on strong fourth-quarter results and bullish first-quarter guidance. The stock was the winner on NYSE today with 12.8 million shares traded.

Stocks Drop on Heavy Volumn:

• PeopleSupport Inc. (PSPT): shares of LOs Angeles, CA based business process outsourcing services provider plummetted 39.28% to $13.65 per share on disappointing fourth-quarter result and weak outlook for the first quarter. The stock was the worst performer on Nasdaq today with 15.24 million shares traded.
• New Century Financial Corp. (NEW): the troubling subprime lender for the week only enjoy two days of sweet ride and has been har hit again for the second straight day with another 17% drop to new 52 weeks low of $3.21 per share after the company in the previous session announced that it has stopped accepting all new loan applications due to difficulties in getting financing. The stock was the leading decliner and the fifth heaviest traded on NYSE today with 34.12 million shares traded.