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.