Stock On The Move - May 31

Stocks Rise on Heavy Volumn:

• Dendreon Corp. (DNDN): shares of cancer drug maker soared 26.86% to $8.55 per share as FDA updates requirement to approve company's cancer treatment drug Provenge. The stock has been very volatile for the past two months trading from $4 to as high as $25 per share. The stock was the second leading gainer and the heaviest traded on Nasdaq today with 113 million shares traded.
• Critical Therapeutics Inc. (CRTX): shares of asthma drug maker surged 21.39% to $3.23 per share after FDA approves it's asthma drug. The stock was the fourth best performer on Nasdaq today with 16.2 million shares traded
• Peregrine Pharmaceuticals Inc. (PPHM): shares of hepatitis C virus treatment provider jumped 36.27% to $1.39 per share after the company signed agreement with Dios Therapeutics Inc. to collaborate on treatment for an eye disorder. The stock was the top gainer on Nasdaq today with 6.9 million shares traded
• AG Edwards Inc. (AGE): shares of investment banking provider rose 14.27% to $88.16 per share after Wachovia is buying the company for $6.8 billion. The stock was the second leading gainer on NYSE today with 10.5 million shares traded.