Boise, Sonic Solutions: Early Volume Movers

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

Sonic Solutions (SNIC) surged by $1.06, or 20.2%, to $6.30 in the premarket session after Best Buy (BBY) is launching an online video streaming service using Sonic's Roxio CinemaNow. The three-month average daily volume for Sonic Solutions is 213,000, according to Yahoo! Finance.

ATS Medical (ATSI) jumped by 28 cents, or 10.2%, to $3.02 in the premarket session after the company late Monday posted a third-quarter loss of a penny a share, matching the Thomson Reuters average estimate. Revenue jumped 17.3% to $18.8 million, also in line with expectations. ATS Medical re-affirmed its previous full-year revenue guidance of $77 to $79 million, compared to the consensus target of $78.2 million. The three-month average daily volume for ATS Medical is 329,000, according to Yahoo! Finance.

Spectrum Pharmaceuticals (SPPI) rose by 24 cents, or 5.6%, to $4.51 in the premarket session after the Centers for Medicare & Medicaid Services finalized a policy to allow reimbursement for its cancer drug Zevalin, effective Jan. 1, 2010. The three-month average daily volume for Spectrum is 2.8 million, according to Yahoo! Finance.

XOMA Limited (XOMA) climbed by 6 cents, or 8.8%, to 73 cents in the premarket session after the company said it has entered into an antibody discovery collaboration with Kaketsuken, has agreed to pay XOMA a fee of $8 million. XOMA will be entitled to milestone payments and royalties on product sales. The three-month average daily volume for XOMA is 3.7 million, according to Yahoo! Finance.

Boise (BZ) jumped by 35 cents, or 7.4%, to $5.06 in the premarket session after the company posted third-quarter earnings of 57 cents a share, well ahead of the lone estimate for a profit of 8 cents a share, according to Thomson Reuters. The three-month average daily volume for Boise is 1.3 million, according to Yahoo! Finance.

-- Written by Robert Holmes in New York.

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