This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

DryShips, Novavax: Early Movers

Stocks in this article: DRYS NVAX NLST

NEW YORK ( TheStreet) -- Several stocks trading near $5 were poised to move on above-average volume during Friday's session.

DryShips (DRYS) dropped by 33 cents, or 5.1%, to $6.20 in the premarket session a day after the company increased the size of its convertible senior notes offering by $100 million to $400 million and announced an initial conversion price of $7.19 a share. The 50-day average daily volume for DryShips is 27 million, according to the Nasdaq.

Novavax (NVAX) dropped by 5 cents, or 13.3%, to $3.27 in the premarket session after the biotech company announced a share offering. The 50-day average daily volume for Novavax is 4.2 million, according to the Nasdaq.

Most Popular
Apple's Decade: How It Can Hit $500
Most Commented
Biotech Stock Mailbag: FDA Playbook

Netlist (NLST) added 23 cents, or 4.1%, to $5.90 in the premarket session propelling momentum related to the recent unveiling of its HyperCloud product, the first 16-gigabyte, 2 vRank memory module for computer servers. The 50-day average daily volume for Netlist is 1.6 million, according to the Nasdaq.

ADC Telecommunications (ADCT) fell by $1.04, or 15.7%, to $5.60 in the premarket session a day after the network equipment company issued a disappointing first-quarter sales outlook on account of weak carrier spending. The 50-day average daily volume for ADC Telecommunications is 2.3 million, according to the Nasdaq.

Golden Green Enterprises (CHOP) dropped by 56 cents, or 10.3%, to $4.89 in the premarket session a day after the cold-rolled steel company attributed sales that were 6% higher year-over-year at $59.3 million to lower prices on its products. The company anticipates fourth-quarter sales of $40 million to $50 million and net income of $8 million to $10 million, which doesn't include a non-recurring expense of $2.5 million related to its recent public offering. The three-month average daily volume for Golden Green Enterprises is 49,980, according to Yahoo! Finance.

-- Written by Melinda Peer in New York.

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

Select the service that is right for you!

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.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

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