Stocks On The Move - July 13
Stocks Rise on Heavy Volumn:
- Playtex Products Inc.(PYX): shares of tampons and cleansing cloths maker jumped 15.79% to $17.97 per share after battery maker Energizer is buying the company for $1.16 billion or $18.3 per share. The stock was the leading gainer on NYSE today with 15.4 million shares traded.
- Hovnanian Enterprises Inc.(HOV): Warrent Buffett's eyeing on the hard beaten home builder is fueling the surge as shares of Hovnanian sureged 11.96% to $18.53 per share ending its six month sliding which began in February when the stock was still at $35 per share. The stock was the fourth leading gainer on NYSE today with 10.3 million shares traded.
Stock Drop on Heavy Volumn:
- Idenix Pharmaceuticals Inc.(IDIX): shares of hepatitis C drug maker plunged 38.34% to $3.57 per share after Food and Drug Administration halted development of the company's hepatitis C drug. The stock was the leading decliner on Nasdaq today with 7.25 million shares traded.
- Macrovision Corp.(MVSN): shares of digital lifecycle management solutions provider tumbled almost 12% to $26.22 per share after the company cuts its second quarter earnings and revenue guidance because the company failed to close some expected deals on time. The stock was the fifth leading decliner on Nasdaq today with 7.33 million shares traded.
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