This Day On The Street
Continue to site
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

Chromcraft, pSivida: Midday Volume Plays

NEW YORK ( TheStreet) -- Several stocks trading under $5 were moving on above-average volume during Wednesday's session.

Chromcraft Revington (CRC - Get Report) jumped by 37 cents, or 16.2%, to $2.65 after the company late Tuesday said its third-quarter net loss shrank to 21 cents a share from a loss of $2.23 in the year-ago quarter. Sales in the quarter dropped 31% from a year ago but were up 10% sequentially to $16 million. Volume topped 129,000 shares, compared to the three-month average daily volume of 13,900, according to Yahoo! Finance.

pSivida (PSDV - Get Report) jumped by 37 cents, or 16.2%, to $2.65 after Ladenburg Thalmann initiated coverage fo the stock with a buy rating and a $9 price target. The firm cited pSivida's lead drug Iluvien, a 3.5 mm injectable intraocular implant containing fluocinolone acetonide for the treatment of diabetic macular edema. Volume topped 111,000 shares, compared to the 50-day average daily volume of 129,000, according to the Nasdaq.

Pressure BioSciences (PBIO) jumped by 37 cents, or 16.2%, to $2.65 after the company said it has closed on the sale of approximately $1.16 million of units in the first tranche of a $2.5 million private placement. Volume topped 5,700 shares, compared to the 50-day average daily volume of 8,300, according to the Nasdaq.

First Community Bank Corp. of America (FCFL) shares were on a rollercoaster in the absence of any company-specific news. The stock fell as much as 22.8% before quickly rebounding to rise nearly 15%. In October, First Community entered into an agreement with the Office of Thrift Supervision in terms of a capital plan. Last week, the bank said its provision for loan losses more than tripled in the third quarter as it swung to a net loss. Volume topped 8,400 shares, compared to the 50-day average daily volume of only 400, according to the Nasdaq.

Krispy Kreme Doughnuts (KKD - Get Report) fell by 45 cents, or 11.6%, to $3.43, although there were no apparent catalysts for the move. In late October, Krispy Kreme entered into an agreement for the development of 20 franchise retail shops in Thailand over the next five years. Volume topped 2.2 million shares, compared to the three-month average daily volume of 410,000, according to Yahoo! Finance.

-- Written by Robert Holmes in New York.

Check out all of Wednesday's high-volume, under-$5 stocks at the Dollar Store

Follow Robert Holmes on Twitter and become a fan of on Facebook.

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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
PBIO $0.47 0.00%
CRC $2.20 0.00%
KKD $17.41 0.00%
PSDV $2.87 0.00%
AAPL $93.74 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs