CNinsure Inc. (NASDAQ: CISG) makes our list for the second straight trading day. Shares are down 3.6% to $16.18 after JP Morgan downgraded the company from overweight to neutral. CISG is trading in a 52-week range of $15.33-$28.62.

Verigy Ltd. (NASDAQ: VRGY) is up more tham 35% on heavy volume after an unsolicited purchase offer from Advantest. Shares of VRGY are at $12.23, relative to a 52-week range of $7.48-$13.75.

Nova Measuring Instruments Ltd. (NASDAQ: NVMI) is up 5% on light volume to $8.06 compared to a range of $3.63-$7.70.

LTX-Credence Corporation (NASDAQ: LTXC) is down nearly 7% to $7.89, relative to a 52-week range of $4.02-$11.34.

Radware Ltd. (NASDAQ: RDWR) is up 15% on heavy volume to $37.80, relative to a 52-week range of $13.05-$14.07.

AngloGold Ashanti Ltd. (NYSE: AU) was down 4.5% at $44.62 on over 500,000 shares after a mine accident closed down a mine after a worker’s death.

Arena Pharmaceuticals, Inc. (NASDAQ: ARNA) is down after its weight loss drug candidate is in trouble.  Shares are down 6.8% at $3.85 on over 200,000 shares.

Beazer Homes USA Inc. (NYSE: BZH) is down after saying that it might miss order expectations this quarter and cut estimates for the year on land costs.  Shares are down 4.6% at $4.33 on thin volume.

Harbor BioSciences, Inc (NASDAQ: HRBR) is soaring by 60% at $0.38 after its prostate cancer drug shows partial overall response.

Level 3 Communications Inc. (NASDAQ: LVLT) is recovering after pricing its $175 million 6.5% Convertible Senior Notes due 2016 with an initial conversion price of $1.235 per share.  Shares were hit yesterday but the stock is up 4.25 at $0.99 on recovery mode after an obvious Over-Sale yesterday.

Neurocrine Biosciences, Inc. (NASDAQ: NBIX) is down after its major depressive disorder drug candidate was ineffective.  Shares were down by 9.6% at $5.65 on more than 300,000 shares last night and shares are trading around $5.67 on last look this morning.

Novell, Inc. (NASDAQ: NOVL) is up on word that it may sell the company in two parts; sshares are up 6% around $5.90 on close to 1 million shares.

Savient Pharmaceuticals Inc. (NASDAQ: SVNT) is soaring after the FDA finally approvedits gout drug, about a year or two later than many expected.  Shares are up 27% at $18.81 on more than 1 million shares.

UTStarcom, Inc. (NASDAQ: UTSI) is up 7.25% at $2.07 after the company announced a contract from Jinan, Shandong Province to accelerate its network transformation and integration.

Radware Ltd. (NASDAQ: RDWR) was yesterday’s big rumor move higher but shares are down slightly this morning.

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JON C. OGG

Jon C. Ogg
June 7, 2007