Stocks On The Move - May 2
Stocks Rise on Heavy Volumn:
- TTM Technologies Inc. (TTMI): shares of printed circuit boards maker soared 29.08% to $11.85 per share after the company posted first quarter profit which beats Wall Street's estimates. The stock was the second leading gainer on Nasdaq today with 4 million shares traded.
- Chipotle Mexican Grill, Inc.(CMG): shares of Denver based casual Mexican food restaurants operator surged 17.85% to $78.09 per share after the company reported strong quarterly profit which rose nearly 56%. The stock was the leading gainer and on NYSE today with 4.3 million shares exchanged hands.
Stock Drop on Heavy Volumn:
- Neurochem Inc.(NRMX): shares of neurological disorders drug maker plunged 21.48% to $9.1 per share after the company announced it would offer $80 million in convertible notes. The stock was the fourth leading decliner on Nasdaq today with 6.66 million shares traded.
- Blockbuster Inc. (BBI): shares of leading video rental stores operator tumbled 13.04% to $5.4 per share after the company posted wider loss for first quarter of 2007 due to costs related to online rental program. The stock was the biggest loser on NYSE today with 12.57 million shares traded.
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