Stocks On The Move July 20

Stocks Rise on Heavy Volumn:

• Nucryst Pharmaceuticals Corporation(NCST): shares of infection and inflammation fighting medical producst maker sky-rocketted 161.88% to $5.84 per share after FDA approves the company's antimicrobial cream. The stock was the leading gainer on Nasdaq today with 16 million shares traded.
• Intuitive Surgical Inc. (ISRG): shares of robotic surgical equipment maker jumped 32.32% to new 52 weeks high of $198.59 per share due to 84% jump in second quarter net income. The stock was the fourth leading gainer on Nasdaq with 8.9 million shares traded.
• American Home Mortgage Investment Corp. (AHM): after losing 20% in previous trading session due to the mortgage lenders credit concern shares of American Home Mortgage regained most of the loss with 19% gain to $12.8 per share as analyst noted the sell-off was overdone. The stock was trading about $14 per share on Tuesday of July 17. The stock was the leading gainer NYSE today with 7.87 million shares traded.

Stock Drop on Heavy Volumn:

• Spectrum Pharmaceuticals Inc. (SPPI): shares of oncology drug maker plunged 21.01% to $5.45 per share as FDA is requesting more data on the company's prostate cancer pill which that licensed to GPC Biotech AG's. The stock was the second leading decliner on Nasdaq today with 8.2 million shares traded.
• Biovail Corp. (BVF): another stock affect by FDA is Biovail which sank 21.48% to $20.03 due to rejection from FDA for its dression treatment drug. The stock was the leading decliner on NYSE today with 6.5 million shares traded.
• Pall Corp. (PLL): shares of filtration, purification and separation products maker tumbled 15.72% to $41.11 on investigation into the company's tax payments. The stock was the second leading decliner on NYSE today with 8.1 million shares traded.