Stocks On The Move - July 18

Stocks Rise on Heavy Volumn:

• Humana Inc.(HUM): shares of health insurance plan provider rose 9.82% to 52 weeks high of $68.31 per share on strong second quarter profit and bullish forecast for the year. The stock was the fifth leading gainer on NYSE today with 6 million shares traded.
• Macy's Inc.(M): shares of leading department store operator advanced 7.64% to $43.09 per share as private equity firm Kohlberg Kravis Roberts & Co. is planning to buy the retailer for $52 per share. The stock was the eighth leading gainer and the fifth heaviest traded on NYSE today with 37.89 million shares traded.

Stock Drop on Heavy Volumn:

• Novastar Financial Inc. (NFI): shares of trouble subprime mortgage company plunged 17.58% to $5.86 per share as investor doubt if $150 million cash would be enough for the company. The stock was the worst performer on NYSE today with 8.55 million shares traded.
• CIT Group Inc. (CIT): shares of New York based Vancouver based mortgage provider tumbled 11.29% to $49.17 per share after the company said it will exit the home-leanding business. The stock was the third leading decliner on NYSE today with 7 million shares traded.