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.