This Day On The Street
Continue to site
ADVERTISEMENT
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

Early Movers: Pump Up the Volume

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

Tellabs (TLAB) slipped by 4 cents, or 0.6%, to $6.75 in the premarket session after the company said it will acquire acquires WiChorus for $165 million in cash. The deal adds WiChorus' SmartCore mobile packet core platform, the only currently available platform that is purpose-built for 4G, LTE and WiMax, with support for 3G. Tellabs said the transaction is expected to be dilutive to earnings in 2010, then additive to adjusted earnings in 2011 and beyond. The three-month average daily volume for Tellabs is 9 million, according to Yahoo! Finance.

Rodman & Renshaw (RODM) jumped by 31 cents, or 5.3%, to $6.20 in the premarket session after the company reported third-quarter earnings of 40 cents a share, coming in well ahead of the Thomson Reuters average estimate of 14 cents a share. Revenue surged more than 600% to $65.6 million, more than double what Wall Street had anticipated. The firm said it completed 32 financing transactions raising $634.7 million in the third quarter, compared to 25 transactions raising $399.4 million in the second quarter. The three-month average daily volume for is 473,000, according to Yahoo! Finance.

Taser (TASR - Get Report) fell by 6 cents, or 1.3%, to $4.50 in the premarket session after the company recorded a third-quarter loss of five cents a share, coming in two cents shy of the Thomson Reuters average estimate. Taser said that, on a GAAP basis, gross margin for the third quarter sank to 56.9% from 60.8% from the year-ago quarter. On a non-GAAP basis, Taser said gross margin improved to 62.5% in the third quarter from 60.8% a year ago. The three-month average daily volume for is 386,000, according to Yahoo! Finance.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
HBAN $11.67 -0.26%
TASR $26.23 4.38%
RODM $25.11 0.00%
FB $94.06 -0.08%
GOOG $629.25 -0.31%

Markets

Chart of I:DJI
DOW 17,550.69 -47.51 -0.27%
S&P 500 2,093.32 -4.72 -0.22%
NASDAQ 5,105.5460 -9.8360 -0.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs