Stocks On The Move - April 11

Stocks Rise on Heavy Volumn:

• Isonics Corp. (ISON): shares of Golden, Colorado based homeland security company skyrocketted 71% to $1.83 per share after the company raised additional $2 millions and also seeks to regain compliance with Nasdaq. The stock was the leading gainer on Nasdaq today with 4 million shares traded.
• Cell Therapeutics Inc. (CTIC): shares of Seattle based cancer treatment product maker rose 12.96% to $1.83 per share after Food and Drug Administration granted its lung cancer drug fast-track designation. The stock was the six leading gainer and the seventh heaviest traded on Nasdaq today with 34 million shares traded.

Stocks Drop on Heavy Volumn:

• Nuvelo Inc. (NUVO): after rising more than 50% yesterday shares of the biopharmaceutical company plunged 18% to $4.43 per share on analyst downgrade saying Wall Street's optimism over the company's alfimeprase program may be misguided. The stock was the second leading decliner on Nasdaq today with 30 million shares traded.
• Dendreon Corp.(DNDN): the week long surge of the red hot biotechnology company finally came to an end as stock tumbled 17.7% to $18.23 per share on analyst downgrade as the stock is near its fair price. The stock today is the third leading decliner and the fourth heaviest traded on Nasdaq with 51 million shares traded.