Stocks On The Move - June 4

Stocks Rise on Heavy Volumn:

• Digene Corp. (DIGE): shares of human papillomavirus testing products maker surged 26.92% to $56.82 per share after the company is bought by Qiagen NV of Venlo for $1.6 billion or $61.25 per share. The stock was the third leading gainer on Nasdaq on Friday with 7.1 million shares traded.
• Doral Financial Corp. (DRL): shares of mortgage banking company jumped 44.62% to $1.88 per share as a private comapny make a counter offer to buy 80% of the company for $610 million over the prvious offer of $610 million for 90% of the company. The stock was the leading gainer on NYSE today with 8.36 million shares traded.

Stock Drop on Heavy Volumn:

• GenVec Inc.(GNVC): shares of biopharmaceutical company plunged 29.27% to $3.19 per share as investors were disappointed by the preliminary results from trial of its TNFerade drug for advanced pancreatic cancer. The stock was the leading decliner on Nasdaq with 5.4 million shares traded.