NEW YORK (
) -- Several stocks trading near $5 were moving on above-average volume during Friday's session.
(DRYS - Get Report)
shed 14 cents, or 2.1%, to $6.39 after it expanded its convertible note offering by $100 million to $400 million and priced the initial conversion at $7.19 a share. Volume topped 54 million, compared with the stock's three-month average daily volume of 24.9 million, according to Yahoo! Finance.
(SNV - Get Report)
added 11 cents, or 7%, to $1.69 after the company reiterated that its capital is sufficient under the guidelines of the Supervisory Capital Assessment Program stress testing. Volume topped 24.1 million, exceeding the stock's three-month average daily volume of 17.5 million, according to Yahoo! Finance.
(NLST - Get Report)
shares rose by 1.99, or 35.1%, to $7.66 extending gains spurred by the recent introduction of its HyperCloud product. Volume hit 24.4 million, easily surpassing Netlist's three-month average daily volume of 1.3 million.
(INO - Get Report)
jumped 36 cents, or 30%, to $1.56 after announcing promising results from animal tests suggesting that some of its new vaccines effectively protect against multiple influenza strains. Volume hit 9.4 million, compared with Inovio's three-month average daily volume of 1.6 million, according to Yahoo! Finance.
(NGD - Get Report)
dropped 4 cents, or 1.1%, to $3.61 extending Thursday's losses related to
suspended mining operations
at a Mexican mine. Volume touched 5.7 million, compared with the stock's three-month average daily volume of 2.4 million, according to Yahoo! Finance.
-- Written by Melinda Peer in New York
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