This Day On The Street
Continue to site right-arrow
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

Somaxon, Kimber Resources: Midday Volume Plays

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

Somaxon Pharmaceuticals (SOMX) surged by $1.34, or 44.7%, to $4.34 ahead of a Friday deadline for the Food and Drug Administration to approve the company's Silenor insomnia drug. Volume topped 8.7 million shares, compared to the 50-day average daily volume of 380,000, according to the Nasdaq.

Taseko Mines (TGB - Get Report) jumped by 38 cents, or 12.3%, to $3.47 after the company it will receive $180 million to joint venture 25% of its Gibraltar Mine with Sojitz Corp.. Volume topped 4.8 million shares, compared to the three-month average daily volume of 2.1 million, according to Yahoo! Finance.

Matrixx Initiatives (MTXX) added 22 cents, or 5.5%, to $4.20 after the Securities and Exchange Commission told the company it has completed its investigation and does not recommend any enforcement against Matrixx. In June, the company received an informal inquiry from the SEC related to a warning letter Matrixx received from the FDA. Volume topped 1.1 million shares, compared to the 50-day average daily volume of 502,000, according to the Nasdaq.

ZymoGenetics (ZGEN) jumped by 65 cents, or 11.8%, to $5.17 in the absence of any company-specific news. ZymoGenetics is expected to provide an update at the Piper Jaffray Healthcare Conference on Wednesday. Volume topped 919,000 shares, compared to the 50-day average daily volume of 232,000, according to the Nasdaq.

Kimber Resources (KBX) climbed by 26 cents, or 20%, to $1.57, continuing a two-week surge in shares. notes that the stock has now tripled since the company upgraded its mineral resource estimate for the Carmen Deposit at its 100% owned Monterde project in Mexico's Sierra Madre mining district on Nov. 18. Volume topped 690,000 million shares, compared to the three-month average daily volume of 121,000, according to Yahoo! Finance.

-- Written by Robert Holmes in New York.

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

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

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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

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
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!
TGB $0.66 0.00%
AAPL $123.25 0.00%
FB $83.30 0.00%
GOOG $548.34 0.00%
TSLA $185.00 0.00%


DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

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