Stock On the Move

Wednesday, August 15, 2007

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.

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