NEW YORK ( TheStreet) -- Several stocks trading near $5 were moving on above-average volume during Tuesday's session.
Borders Group (BGP) 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.
ARCA Biopharma (ABIO) 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 (WMG) 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.Agria (GRO) retreated by $1.31, or 18.6%, to $5.75, giving back much of Monday's 24% surge spurred by Origin Agritech's (SEED) 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 (TBH) 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. Dataram (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 Netlist (NLST). 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. 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.