This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Midday Movers: Pump Up the Volume

NEW YORK (TheStreet) -- Several small-cap stocks were poised to move on above-average volume during Tuesday's session

Pier 1 Imports (PIR) surged by 63 cents, or 9.5%, to $7.30 on volume topping 12 million shares after. The three-month average daily volume for Pier 1 is 2.1 million, according to Yahoo! Finance.

DryShips (DRYS) jumped by 49 cents, or 7.2%, to $7.26 on volume of 39 million after the stock was upgraded to a buy rating from hold at Lazard Capital. The 50-day average daily volume for Dryships is 22.6 million, according to Nasdaq.

Pacific Sunwear (PSUN) rose by 54 cents, or 8.8%, to $6.68 with more than 2.7 million shares changing hands after FBR Capital Market analysts upgraded the apparel retailer to outperform. The 50-day average daily volume for is 821,000, according to Yahoo! Finance.

BioFuel Energy (BIOF) spiked higher by 35 cents, or 34.7%, to $1.36 without any company-specific headlines. Volume of 470,000 was easily outpacing the 50-day average daily volume of 187,000, according to the Nasdaq. Bullish investor posts on Internet message boards said the stock was breaking out and could go to $2.

Ocean Power Technologies (OPTT) rose by $1.31, or 24.6%, to $6.63 on volume topping 270,000 shares after the company and Lockheed Martin (LMT) signed a commercial engineering services agreement to develop Ocean Power's wave energy systems for use in future utility-scale power generation projects. The 50-day average daily volume for Ocean Power is 115,000, according to the Nasdaq.

Sinclair Broadcast Group (SBGI) was higher by 44 cents, or 11.8%, to $4.17 on volume topping 1.1 million shares after the company said it plans to offer $430 million of lien notes due 2017. Sinclair Television also plans to refinance parts of its bank credit facility. The 50-day average daily volume for Sinclair is 595,000, according to the Nasdaq.

McClatchy (MNI) jumped by 27 cents, or 8%, to $3.63 on volume topping 3.2 million shares after. The three-month average daily volume for McClatchy is 2 million, according to Yahoo! Finance. Internet message boards cited rumors of a partnership with Google (GOOG) for the surge in price and volume.

-- Written by Robert Holmes in New York.

Stock quotes in this article: PIR, PSUN 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs