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.