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

DryShips, Synovus: Late Volume Plays

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

DryShips (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.

Synovus Financial (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.

Netlist (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.

Inovio Biomedical (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.

New Gold (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.

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

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
DRYS $4.01 0.00%
INO $10.48 0.00%
NGD $4.70 0.00%
NLST $1.23 0.00%
SNV $31.16 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