Stock On The Move - August 15

Stocks Rise on Heavy Volumn:

• Thornburg Mortgage Inc. (TMA): the tumbling mortgage lender finally can take a breath with shares recovered back with 38.76% gain back to $10.56 per share on bargain hunting. The stock was the second leading gainer on NYSE with heavy trading of 33 million shares, the tenth heaviest traded.

Stock Drop on Heavy Volumn:

• KKR Financial Corp. (KFN): shares of real estate investment trust company plunged 31.11% to $10.52 per share after the company sold $5.1 billion in residential mortgage loans and take a $40 million loss. The stock was the leading decliner on NYSE today with 20.7 million shares traded.
  
  

Stock On The Move - August 13

Stock Drop on Heavy Volumn:

• SCO Group Inc. (SCOX): shares of UNIX based applications maker plummetted 71.79% to 44 cents per share after the company lost court case against Novel. The stock was the biggest loser on Nasdaq today with 6 million shares traded.
• Accredited Home Lenders Holding Co. (LEND): last Friday the subprime lender was cheering on the approval of the merger. However with the merger becomes less likely because the buyer Lone Star felt Accredited Home wouldn't meet the conditions of the offer, shares sank 34.64% to $5.82 per share. Fearing the failing of the deal would devastate the company, Accredited Home sued Lone Star in order to get the merger deal through. The stock was the third leading decliner on Nasdaq today with 15 million shares traded.
• Thornburg Mortgage Inc. (TMA): shares of mortgage lending company plunged for the third straight session with another 20.93% lost to $14.28 per share as subprime woes continue to hurt the company's shares. The stock was the third leading decliner on NYSE today with 13 million shares traded.
  
  

Stocks On The Move - August 12

Stocks Rise on Heavy Volumn:

• Accredited Home Lenders Holding Co. (LEND): the approval of the merger brought the trouble company back alive again with 45.27% gain to $8.9 per share. The merger was originally priced at $15 per share. However in the after hour shares were cut in half after affiliates of Lone Star Fund, the buyer of the company, says Accredited would fail to satisfy the conditions. The stock was the second biggest winner on Nasdaq todya with 21 million shares traded.

Stock Drop on Heavy Volumn:

• Thornburg Mortgage Inc. (TMA): shares of mortgage lending company tumbled 14.93% to $18.06 per share on analyst downgrade amid mortgage worry. The stock was the eighth leading decliner on Nasdaq today with 8.5 million shares traded.
  
  

Stocks On The Move - August 9

Stocks Rise on Heavy Volumn:

• Beazer Homes USA Inc. (BZH): the home builder stocks are finally back to the green after months of sell-off. One of the biggest gainer is the Atlanta based Beazer Homes with shares rising 11.66% to $16.76 per share. This marked the third straight trading session that the stock finished up. The stock was the sixth leading gainer on Nasdaq with 12 million shares traded.
• Hovnanian Enterprises Inc. (HOV): despite an almost 400 point drop in Dow Jones today, most home builder stocks hold up well probably becuase the entire sector is considered discount. One of the better performer is Red Bank, NJ based Hovnanian Enterprises with shares gaining 10.34% to $16.22 per share. However it is still less than half of the year high of $38 earlier this year. The stock was the seventh leading gainer on NYSE with 9.2 million shares traded.

Stock Drop on Heavy Volumn:

• Tarragon Corp. (TARR): the New York based home builder joined the penny stock family today with shares losing 66.67% to 94 cents per share reaching its multi-year low as company is having trouble obtaining sufficient liquidity to fund its operations. The stock was the biggest decliner on Nasdaq today with 18.13 million shares traded.
• Limelight Networks, Inc. (LLNW): shares of Tempe, Arizona based digital content delivery network provider plunged 39.26% to $8.99 per share as the company swing to a second quarter loss and is expecting lower revenue for the third quarter. The stock was the second leading decliner on Nasdaq today with 7.6 million shares traded.

Stocks On The Move - August 8

Stocks Rise on Heavy Volumn:

• Microtek Medical Holdings Inc. (MTMD): shares of surgical products maker surged 27.93% to $6 per share on merger with Ecolab. Ecolab will pay $275 million or $6.3 to acquire 43.5 million shares of Microtek. The stock was the seventh leading gainer on Nasdaq with 7 million shares traded.
• Alesco Financial Inc. (AFN): another hard beaten REIT company attracting bargain hunters today was Philadelphia based Alesco Financial with shares soaring 37.6% to $5.05 per share. the company reported strong second quarter earnings on Tuesday night. The stock was the fourth leading gainer on NYSE with 5.78 million shares traded.

Stock Drop on Heavy Volumn:

• Heelys Inc. (HLYS): shares of children's footwear maker plunged 48.07% to $11.42 per share on weak outlook below analyst estimate. The stock was the biggest decliner on HLYS today with 8.23 million shares traded.
• James River Coal Co. (JRCC): shares of Richmond, Virgina based coal's mining company plummetted 45.17% to $5 per share due to high inventories, new safety regulations and soften coal market. The stock was the second leading decliner on Nasdaq today with 7 million shares traded.

Stocks On The Move - August 7

Stocks Rise on Heavy Volumn:

• Interpublic Group of Companies Inc. (IPG): the roller coaster ride of the market today didn't affect shares of the New York based advertising and marketing services provider. Shares rose 14.77% to $11.19 per share after the company reported second quarter profit which was more than doubled due to large reversal of tax reserves. The stock was the eleventh leading gaineron NYSE today with 16 million shares traded.

Stock Drop on Heavy Volumn:

• Luminent Mortgage Capital Inc. (LUM): the Domino Effect of the subprime mortgage woe keeps spreading with another REIT company taking hit today. The San Francisco based Luminent Mortgage Capital saw its shares losing 75.34% to $1.08 per share on worries that the company is facing serious liquidity problem. The stock however was the leading decliner on NYSE today with 32 million shares traded.
• RAIT Financial Trust (RAS): The roller coaster ride continuous for the Philadelphia based REIT company. After shares surged 58.23% yesterday, the ongoing subprime breakdown concern and profit taking send the stock down 23.4% to $7.66 per share. The stock was the sixth leading decliner on NYSE today with 22 million shares traded.

Stocks On The Move - August 6

Stocks Rise on Heavy Volumn:

• RAIT Financial Trust (RAS): before 12 pm today, it looked as if it would be another bloody day today for the REIT company. However in the afternoon the stock made an dramatic swing from new 52 week low of $4.82 all the way to an amazing 58.23% gain and finished at $10 per share. The last minute push send the stock from $8 all the way to $10. With such big gain with short time, people began to unload some shares in the after hour for profit taking and send the stock back below $9 per share. The stock was the leading gaineron NYSE today with 20 million shares traded.
• Fremont General Corporation (FMT): another hard-beaten subprime loan company making a comeback today is Fremont General Corp. After free fall of price in July, the stock finally rebound a little bit with a 17.59% gain to $5.28 per share. The stock was the fourth leading gainer on NYSE today with 5.9 million shares traded.

Stock Drop on Heavy Volumn:

• Harmony Gold Mining Co. Ltd. (HMY): the disappointing third quarter forecast and the resignation of the chief executive officer triggerred the sell off of the gold mining company. Shares plunged to as low as $10.87 per share, the new 52 weeks low, and then holding up a little bit and ended the day at $11.02 per share, a 18.19% drop. The stock however was the fifth leading decliner on NYSE today with 9.6 million shares traded.

Stocks On The Move - August 3

Stocks Rise on Heavy Volumn:

• Accredited Home Lenders Holding Co. (LEND): after falling 35% on Thursday, shares of mortgage banking company recovered back $1.66 or $31.26% to $6.97 per share on bargain hunting and anticipation of merger. The stock was the biggest winner on Nasdaq todya with 22 million shares traded.
• Alkermes Inc.(ALKS): shares of biotechnology company rose 12.52% to $16.63 per share after the company posted strong first quarter profit above Wall Street estimate. The stock was the nineth leading gainer on Nasdaq today with 5.23 million shares trade.

Stock Drop on Heavy Volumn:

• American Home Mortgage Investment Corp. (AHM): two day sparks of the in-trouble real estate investment trust company quickly evaporated with shares plummetted 52% to another new low of 69 cents per share as the company closed down offices and laid off most of its workforce, about 7,000. The stock however was the second leading decliner on NYSE today with 28.44 million shares traded.
• RAIT Financial Trust (RAS): another REIT company in trouble was RAIT Financial Trust with shares plunged 33.75% to $6.32 per share as investors worried the company may follow what had happened to AHM. The stock was the fifth leading decliner on NYSE today with 15 million shares traded.

Stock On The Move - August 2

Stocks Rise on Heavy Volumn:

• Pharmion Corp. (PHRM): shares of cancer treatment products maker jumped 58.4% to $39.03 per share on positive study data of its blood and bone marrow disorder drug Vidaza. The stock was the biggest winner on Nasdaq todya with 12 million shares traded.
• Checkfree Corp.(CKFR): shares of electronic payment processing company surged 23.27% to $45.4 per share after Fisev Inc. is buying the company for $4.4 billion or $48 per share. The stock was the third leading gainer on Nasdaq today with 28 million shares trade.

Stock Drop on Heavy Volumn:

• Pozen Inc. (POZN): shares of acute and chronic pain drug maker sank 43.09% to $9.93 per share after FDA requests more safety information from its migraine drug Trexima. The stock was the second leading decliner on Nasdaq today with 16.7 million shares traded.
• Accredited Home Lenders Holding Co. (LEND): following the steps of AHM and NFI recently, another subprime lender which stock price got hammered was Accredited Home Lenders which shares plunged 35.32% to $5.31 per share as the survival of the company is in doubt as stated in the annual report. The stock was the second leading decliner on Nasdaq today with 18 million shares traded.

Stocks On The Move - August 1

Stocks Rise on Heavy Volumn:

• American Home Mortgage Investment Corp. (AHM): after got nearly wiped-out with 90% loss yesterday, shares of the real estate investment trust company regained some of the loss with 42.31% gain to $1.48 per share. However it is still far from last Friday's price of $10 per share as worries of the company going bankruptcy is still in the air. The stock however was the biggest gainer and the eleventh heaviest traded on NYSE today with 38.8 million shares traded.
• NAVTEQ Corp.(NVT): shares of digital map provider surged 16.92% to $63.29 per share after the company raised its profit and revenue guidance for the year which is above Wall Street estimates. The stock was the fifth leading gainer on NYSE today with 5.1 million shares trade.

Stock Drop on Heavy Volumn:

• Novastar Financial Inc. (NFI): the subprime woe is still shaking the a lot of subprime lenders. Today shares of Novastar Financial sank 27.49% to $6.99 per share and are continuing hitting new lows everyday. The reverse stock split on Monday didn't seem to help much. The stock was the second leading decliner on NYSE today with 7.08 million shares traded.