Stocks On The Move - July 11
Stocks Rise on Heavy Volumn:
- DepoMe Inc.(DEPO): after losing 60% yesterday, shares of pharmaceutical company regained the loss with 20.5% surge today after an analyst said the sell-off was overdone and the stock was a bargain below $3 per share. The stock was the eighth leading gainer on Nasdaq today with 7.33 million shares traded.
- InterContinental Exchange Inc.(ICE): shares of Atlanta, GA based energy future trading and Global OTC Markets operator rose 7.28% to $167.07 per share on analyst upgrade on takeover speculation. The stock was the fourth leading gainer on NYSE today with 6.15 million shares traded.
Stock Drop on Heavy Volumn:
- Vital Images Inc.(VTAL): shares of enterprise image analysis solutions provider plunged 21.87% to $20.68 per share due to weak forecast for the second quarter profit and revenue for th year. The stock was the second leading decliner on Nasdaq today with 11.77 million shares traded.
- Compuware Corp. (CPWR): shares of IT services and software provider plumetted 20.3% to $9.7 per share due to weak forecast on sales and earnings. The stock was the third leading gainer on Nasdaq with 19.15 million shares traded.
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