NEW YORK (TheStreet) -- Several small-cap stocks were poised to move on above-average volume during Monday's session.
Vonage (VG Quote) jumped by 20 cents, or 15.2%, to $1.52 in the premarket session after the company announced the launch of Vonage Mobile, a mobile calling application for the Apple (AAPL Quote) iPhone and iPod touch and Research in Motion's (RIMM Quote) BlackBerry. The three-month average daily volume for Vonage is 8.6 million, according to Yahoo! Finance. Huntington Bancshares (HBAN Quote) rose 22 cents, or 4.9%, to $4.67 in early trading after the bank late Friday said that its subsidiary assumed about $400 million in deposits of Warren Bank in Macomb County, Michigan from the Federal Deposit Insurance Corp. Huntington said it has not acquired any of Warren Bank's loans. The three-month average daily volume for Huntington is 28.2 million, according to Yahoo! Finance. Wendy's/Arby's (WEN Quote) climbed 12 cents, or 2.6%, to $4.78 in the premarket session after the company's stock was initiated with a buy rating at SunTrust Robinson Humphrey. The three-month average daily volume for Wendy's is 7.7 million, according to Yahoo! Finance. Local.com (LOCM Quote) rose in early trading Monday after offering preliminary results for the third quarter. The search Web site said it expects third-quarter earnings of 9 cents a share on revenue of $14.8 billion to $15.1 billion. The Thomson Reuters consensus is for Local.com to post a third-quarter loss of 2 cents a share on revenue of $14.3 million. Last week, a false press release was issued saying Local.com was being acquired by Microsoft (MSFT Quote), which the company denied. Shares were lately up 45 cents, or 7.8%, to $6.25 in premarket trading Monday. The three-month average daily volume for Local.com is 101,000, according to Yahoo! Finance.- Loading Comments...
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