Stocks On The Move - May 7
Stocks Rise on Heavy Volumn:
- Ohio Casualty Corp. (OCAS): shares of Faifield, Ohio based auto and property insurance provider soared 29.56% to 52 weeks high of $43.17 per share after Liberty Mutual is buying the company for $2.7 billion or $44 per share. The stock was the leading gainer on Nasdaq today with 5.9 million shares traded.
- Alcan, Inc.(AL): shares of Montreal, Canada based aluminum maker jumped 34.54% to $82.11 per share after Alcoa is bidding the company for $27 billion. The stock was the leading gainer and the fourth heaviest traded on NYSE today with 34 million shares exchanged hands.
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