Trimeris, Bionovo: Early Volume Plays
NEW YORK ( TheStreet) -- Several stocks trading near $5 were poised to move on above-average volume during Tuesday's session.
Trimeris (TRMS) plummeted by 63 cents, or 19.8%, to $2.55 in the premarket session after Arigene terminated its offer to acquire all outstanding shares of Trimeris. Arigene said it was unable to secure sufficient financing for the merger as of the expiration time of the tender offer. The 50-day average daily volume for Trimeris is 245,000 shares, according to the Nasdaq.
YRC Worldwide (YRCW) slipped by 2 cents, or 2.1%, to 93 cents in the premarket session after the trucking company extended the deadline on a debt-for-equity offer for the fifth time, to Dec. 29. The swap is part of YRC Worldwide's efforts to stave off bankruptcy. The 50-day average daily volume for YRC Worldwide is 9.32 million.
Bionovo (BNVI) surged by 9 cents, or 20.2%, to 54 cents in the premarket session after the company announced a study published in The International Journal of Cancer that describes its first novel dual mTOR Inhibitor, BN107, for the treatment of breast cancer. The 50-day average daily volume for Bionovo is 778,000 shares.Hollywood Media (HOLL) jumped by 31 cents, or 24.2%, to $1.59 in the premarket session after the company announced the sale of its Broadway Ticketing Division to privately held Key Brand Entertainment for $45 million in considerations. Upon completion of the transaction, which is expected in the first half of 2010, Hollywood Media will pay a one-time cash dividend of 60 cents a share. The 50-day average daily volume for Hollywood Media is 26,000. United Community Banks (UCBI) slumped by 20 cents, or 5.9%, to $3.21 in the premarket session after the company said it will temporarily suspend its common stock dividend. "
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
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.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
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.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV