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

Maguire, Crimson: Midday Volume Plays

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

Maguire Properties (MPG) gained by 30 cents, or 20.1%, to $1.79 after the company late Wednesday said it had completed the sale of the Lantana Media Entertainment Campus to an affiliate of Lionstone Group. Additionally, Maguire sold a property on the Campus to NARAS Properties. The asset sale is part of Maguire's plan to sell certain properties to address near-term debt maturities. Volume topped 2.16 million shares, compared to the three-month average daily volume of 2.94 million, according to Yahoo! Finance.

Rite Aid (RAD) added 13 cents, or 9.8%, to $1.46 after the company reported a third-quarter loss of 10 cents a share, although that was better than the Thomson Reuters average estimate for a loss of 18 cents a share. However, revenue in the quarter missed expectations, and the company narrowed its earnings guidance for 2010. Volume topped 19.24 million shares, compared to the three-month average daily volume of 12.34 million.

Sonic Solutions (SNIC) jumped by $1.28, or 13.2%, to $10.97 after the company announced a public offering of 3 million shares at a price of $9.70 per share. Sonic expects to receive $27.1 million in proceeds, net of fees and other expenses, through the offering. Volume topped 917,000 shares, compared to the 50-day average daily volume of 394,000, according to the Nasdaq.

Central Jersey Bancorp (CJBK) plummeted by $1.12, or 23.1%, to $3.72 after the bank and OceanFirst Financial (OCFC) said they had terminated their plan to merge. The companies jointly said "the current environment is such that obtaining regulatory approval has taken much longer than we anticipated and has reached a point where we believe that continuing to wait for this approval is not in the best interest of either company." Volume topped 73,000 shares, compared to the 50-day average daily volume of 11,000, according to the Nasdaq.

Crimson Exploration (CXPO) tumbled by 70 cents, or 13.5%, to $4.50 in the debut of the natural gas and crude oil company's stock. The private equity-backed initial public offering priced at $5 a share, belowe the expected range of $6 to $8 a share, and the company sold 20 million shares vs. the 18 million expected. Volume topped 6.11 million shares in the stock's debut.

-- Written by Robert Holmes in Boston.

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

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

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!
DOW 16,614.81 +215.14 1.31%
S&P 500 1,941.28 +37.27 1.96%
NASDAQ 4,419.4780 +103.4040 2.40%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

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