Unusual 11 Mid-Day Movers: CTDC, CSUN, MRVC Higher; IMM, WHI, PCYC Lower

December 26, 2007 2:47 PM EST

China Technology Development Group Corp. (Nasdaq: CTDC) 60% HIGHER; is seeing substantially higher trading volume today: more than 4 million trades by 2 pm, versus about 384,000 average daily volume. No recent news has been released about the Company, so today's move could be attributed to technical factors.

Immtech Pharmaceuticals (AMEX: IMM) 48.7% LOWER; today announced it has placed on hold any further progress in clinical trials on its pafuramidine (DB289) product.

China Sunergy (Nasdaq: CSUN) 31% HIGHER; getting pushed higher today possibly as a result of rising crude oil prices.

MRV Communications (Nasdaq: MRVC) 20.4% HIGHER; benefiting from an IPO filing by one of the Company's subsidiary's, Source Photonics.

Akeena Solar (Nasdaq: AKNS) 18% HIGHER; up with much of the solar sub-sector today.

DayStar Technologies (Nasdaq: DSTI) 17% HIGHER; benefiting from a rise in crude oil prices by more than $2.

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MercadoLibre (Nasdaq: MELI) 15% HIGHER; surging despite no recent news today.

W Holding Company (NYSE: WHI) 13.2% LOWER; is not falling for any obvious reasons. WHI has recently been extremely volatile.

Pharmacyclics (Nasdaq: PCYC) 9.2% LOWER; continues to decline after the Company received a non-approvable letter from the FDA for the company's new drug application (NDA) for Xcytrin Injection for the treatment of non-small cell lung cancer patients with brain metastases. The stock fell about 25% on Monday as a result of the FDA news.

Enstar Group (Nasdaq: ESGR) 6.3% LOWER; has already traded about 9 times more than on an average trading day for the stock, but has not released any news today.

Big Lots (NYSE: BIG) 6% LOWER; opened at about the same price as Monday's close, however, shares of Big Lots have gradually sold off in today's trading session.


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Stocks Mentioned

AKNS 1.14

+0.04 +3.64%
Volume: 152,830
Track AKNS

BIG 29.77

+0.57 +1.95%
Volume: 746,327
Track BIG

CSUN 4.20

+0.09 +2.19%
Volume: 329,583
Track CSUN

CTDC 2.65

+0.10 +3.92%
Volume: 16,800
Track CTDC

DSTI 0.39

+0.01 +2.63%
Volume: 127,226
Track DSTI

ESGR 62.51

+0.86 +1.39%
Volume: 7,502
Track ESGR

IMM 0.28

+0.00 +0.00%
Volume: 19,750
Track IMM

MELI 36.92

+0.55 +1.51%
Volume: 601,729
Track MELI

MRVC 0.83

-0.02 -2.35%
Volume: 121,080
Track MRVC

PCYC 4.96

-0.06 -1.20%
Volume: 241,748
Track PCYC

WHI 19.23

-0.07 -0.36%
Volume: 19,140
Track WHI


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