Stocks On The Move - April 20
Stocks Rise on Heavy Volumn:
- EpiCept Corporation (EPCT): the cancer drug maker is grabbing the attention with 73% gain today to $3.95 per share after a drug it licensed to Myriad Genetics shows tumor destroying capability. The stock was the leading gainer and the tenth heaviest traded on Nasdaq today with 26 million shares traded.
- Genesco Inc.(GCO): shares of Footwear retailer surged 15.13% to $49.98 per share after Foot Locker is bidding the company for $1.2 billion or $46 per share. The stock was the leading gainer on NYSE today with 6.34 million shares traded.
Stock Drop on Heavy Volumn:
- Mentor Corp. (MNT): shares of Santa Babara based breast implants maker sank 17% to $40 per share after the company cut the sales outlook and says the 2008 sales will also miss analyst estimates. The stock was the second leading decliner on Nasdaq today with 9.5 million shares traded.
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