Morning Movers (OXGN, DMND, INTC, SKY, NEXS)

There are several stocks trading more heavily than usual this morning, and also experiencing large gains or drops in share prices. These include Oxigene, Inc. (NASDAQ: OXGN), Diamond Foods Inc. (NASDAQ: DMND), Intel Corp. (NASDAQ: INTC), Skyline Corp. (NYSE: SKY), and Nexxus Lighting Inc. (NASDAQ: NEXS).

After about 45 minutes of trading this morning, Oxigene is up more than 26% at $1.28. Volume is already about double the daily average. The biopharmaceutical company has signed an agreement with a Danish pharmaceutical firm to provide one of Oxigene’s cancer drugs in Europe.

Diamond Foods is down more than -20% at $32.06. Volume is already nearly 3x the daily average. The snack food company faces more questions about its accounting. See our coverage for more details.

Intel is down more than -4% at $23.99. Volume is very heavy, having already reached half the normal daily average of about 63.5 million shares. The chip maker lowered fourth-quarter guidance as PC shipments have been scaled back as a result of disk drive shortages. We have more coverage here.

Skyline shares are down nearly -12% at $6.18. Volume has already reached more than half the usual daily average. The manufactured home builder has generated no news of its own recently, but shares have been rising steadily for a couple of weeks, and today’s move may be some profit taking.

Nexxus Lighting is down almost -16% at $1.00, a new 52-week low. Volume is already higher than the daily average. The LED lighting maker has not generated any news either, but shares have been falling steadily since mid-November.