NEW YORK (
) -- Several stocks trading near $5 were moving on above-average volume during Tuesday's session.
fell by 25 cents, or 12.5%, to $1.76 after the retailer reported a third-quarter loss of 65 cents a share, compared to the consensus for a loss of 45 cents, the average of two analyst estimates. Sales fell 13% from a year ago to $595.5 million, also worse than expectations. Volume topped 770,000 shares, compared to the three-month average daily volume of 519,000, according to Yahoo! Finance.
gave back 77 cents, or 17.8%, to $3.55, one day after the stock rallied on news that the company was given fast-track designation for its experimental drug Gencaro, a treatment for chronic heart failure. Volume topped 989,000 shares, compared to the 50-day average daily volume of 31,000, according to the Nasdaq.
Warner Music Group
lost 37 cents, or 16.2%, to $2.65 after the company reported a fiscal fourth-quarter adjusted loss of 3 cents a share, disappointing analysts who had expected a profit of 5 cents a share. On the positive side, revenue of $861 million was up nearly 1% from a year ago and above the $820 million consensus. Volume topped 556,000 shares, compared to the three-month average daily volume of 343,000, according to Yahoo! Finance.
retreated by $1.31, or 18.6%, to $5.75, giving back much of Monday's 24% surge spurred by
announcement Saturday of the "world's first genetically modified phytase corn." Volume topped 2 million shares, compared to the three-month average daily volume of 343,000, according to Yahoo! Finance.
Brazilian Telecom HOLDRs
rallied by $8.50, or 11.5%, to $11.50 before trading of the stock was halted at 11:30 a.m. EST for a news release. Investors posting on Internet message boards argued that the surge is overdone, and that math shows the stock is worth $4. Volume topped 323,000 shares by 11:30 a.m. EST, compared to the three-month average daily volume of 5,700, according to Yahoo! Finance.
(DRAM - Get Report)
jumped by 65 cents, or 14.5%, to $5.13 in the absence of any company-specific news. Traders posting on Internet message boards said that Dataram is another storage stock following momentum higher, similar to
. Volume topped 3.3 million shares, compared to the 50-day average daily volume of 183,000, according to the Nasdaq.
-- Written by Robert Holmes in New York
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