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

Netlist, EntreMed: Midday Volume Plays

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

Netlist (NLST - Get Report) jumped by 31 cents, or 5.7%, to $5.75 after Bloomberg reported that the company is demanding Google (GOOG - Get Report) pay royalties on its memory patent. Volume topped 5.1 million shares, compared to the 50-day average daily volume of 3.8 million, according to the Nasdaq.

Speedus (SPDE) rallied 55 cents, or 16.9%, to $3.80 after the company announced that its majority-owned subsidiary Zargis Medical has begun selling its Cardioscan system, the first Food and Drug Administration-cleared device to identify suspected systolic and diastolic heart murmurs, on (AMZN - Get Report) at a holiday-special price. Volume topped 108,000 shares, compared to the 50-day average daily volume of 53,000.

EntreMed (ENMD) dropped by 13 cents, or 13%, to 88 cents after the company said late Friday it had received $1.7 million in royalty revenue from sales of drug Thalomid during the third quarter, well below the estimated royalty revenue of $3.3 million. In addition, EntreMed said it anticipates a decrease in fourth quarter and projected revenue for fiscal 2009. The difference in estimated and actual revenues for the third quarter will be reflected in the fourth quarter financial results. Volume topped 611,000 shares, compared to the 50-day average daily volume of 732,000.

China Architectural Engineering (CAEI) slid by 15 cents, or 11.5%, to $1.15 after the company said it will acquire a 60% ownership stake in Shanghai ConnGame in exchange for 25 million shares of common stock. In anticipation of issuing 25 million new shares, CAE said it has withdrawn its previously announced common stock private placement of 17 million shares that would be used to purchase land from Zhejiang Nine Dragon. Volume topped 515,000 shares, compared to the 50-day average daily volume of 396,000.

Central Pacific Bank (CPF - Get Report) tumbled by 17 cents, or 14.7%, to 99 cents after the company said it has agreed to a consent order with the Federal Deposit Insurance Corp., which requires the bank to improve its capital position, asset quality, liquidity, and management oversight, among other matters. Central Pacific also said it has entered into loan sale agreements in order to reduce its credit risk. Volume topped 800,000 shares, compared to the three-month average daily volume of 1.1 million, 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
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
ENMD $0.90 0.00%
SPDE $0.02 0.00%
AMZN $659.09 0.00%
CPF $22.57 0.00%
GOOG $701.43 0.00%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs