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.