Stocks On The Move - August 9

Stocks Rise on Heavy Volumn:

• Beazer Homes USA Inc. (BZH): the home builder stocks are finally back to the green after months of sell-off. One of the biggest gainer is the Atlanta based Beazer Homes with shares rising 11.66% to $16.76 per share. This marked the third straight trading session that the stock finished up. The stock was the sixth leading gainer on Nasdaq with 12 million shares traded.
• Hovnanian Enterprises Inc. (HOV): despite an almost 400 point drop in Dow Jones today, most home builder stocks hold up well probably becuase the entire sector is considered discount. One of the better performer is Red Bank, NJ based Hovnanian Enterprises with shares gaining 10.34% to $16.22 per share. However it is still less than half of the year high of $38 earlier this year. The stock was the seventh leading gainer on NYSE with 9.2 million shares traded.

Stock Drop on Heavy Volumn:

• Tarragon Corp. (TARR): the New York based home builder joined the penny stock family today with shares losing 66.67% to 94 cents per share reaching its multi-year low as company is having trouble obtaining sufficient liquidity to fund its operations. The stock was the biggest decliner on Nasdaq today with 18.13 million shares traded.
• Limelight Networks, Inc. (LLNW): shares of Tempe, Arizona based digital content delivery network provider plunged 39.26% to $8.99 per share as the company swing to a second quarter loss and is expecting lower revenue for the third quarter. The stock was the second leading decliner on Nasdaq today with 7.6 million shares traded.