This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
TheStreet Open House

Tellabs, Zagg: Early Volume Plays

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

WSP Holdings (WH - Get Report) dropped by 87 cents, or 19.9%, to $3.50 in the premarket session after the oil and gas equipment manufacturer reported a third-quarter loss of 11 cents per American depositary share, compared with a single analyst estimate for a profit of 19 cents. Revenue of $90.2 million in the quarter was down nearly 70% from a year earlier and was well below the lone analyst target of $171.3 million. The three-month average daily volume for WSP Holdings is 236,000, according to Yahoo! Finance.

Tellabs (TLAB) jumped by 29 cents, or 5.1%, to $6 in the premarket session after Soleil Securities upgraded the telecom equipment maker to buy from hold with a price target of $7.25. The 50-day average daily volume for Tellabs is 9.6 million, according to the Nasdaq.

AEterna Zentaris (AEZS) gained 11 cents, or 11.1%, to $1.10 in the premarket session after the company announced positive results for Phase 2 study for its AEZS-108 targeted cytotoxic peptide conjugate treatment for patients with advanced or recurrent endometrial cancer. The 50-day average daily volume for AEterna is 601,000 shares, according to the Nasdaq.

Double Eagle Petroleum (DBLE) fell by 24 cents, or 5.4%, to $4.25 in the premarket session after the company late Monday filed for a $200 million mixed securities shelf offering. The 50-day average daily volume for Double Eagle is 65,000, according to the Nasdaq.

Zagg (ZAGG - Get Report) rose by 26 cents, or 6.3%, to $4.40 in the premarket session after the electronics accessories manufacturer said it will expand its European presence through a partnership with T-Mobile Germany. T-Mobile will carry Zagg's invisibleSHIELD for the Apple (AAPL - Get Report) iPhone in each of their 800 company locations. The three-month average daily volume for Zagg is 180,000, according to Yahoo! Finance.

-- Written by Robert Holmes in New York.

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

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

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, 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
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

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