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

China BAK, Vical: Midday Volume Plays

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

China BAK Battery (CBAK - Get Report) jumped by 35 cents, or 15.7%, to $2.58 on market chatter that Google (GOOG) will use China BAK's lithium polymer cell-based battery in the Google Nexus One phone, according to Volume topped 2.43 million shares, compared to the 50-day average daily volume of 842,000, according to the Nasdaq.

Magic Software (MGIC - Get Report) rallied 38 cents, or 20.1%, to $2.25 after the company declared a cash dividend of 50 cents per share, payable Jan. 25 to shareholders of record on Jan. 11. Volume topped 106,000 shares, compared to the 50-day average daily volume of 13,000.

China Wind Systems (CWS) jumped by 68 cents, or 12.4%, to $6.16 on the wind power equipment supplier's debut on the Nasdaq. Previously, the stock traded on the Over-The-Counter Bulletin Board. Volume topped 428,000 shares.

Vical (VICL - Get Report) was unchanged at $3.36 but continued to trade on heavy volume one day after announcing that a safety review board recommended that the company continue a late-stage clinical trial of its Allovectin-7 drug treatment for metastasized melanoma. Volume topped 1.72 million shares, compared to the 50-day average daily volume of 79,000.

Athersys (ATHX - Get Report) gave back 54 cents, or 10.2%, to $4.74, retracing some of the stock's 450% surge from the previous week. The rally was sparked by Athersys' announcement that it had entered into an agreement with Pfizer (PFE - Get Report) to develop and market MultiStem for treatment of inflammatory bowel disease. Volume topped 2.24 million shares, compared to the three-month average daily volume of 2.41 million.

-- Written by Robert Holmes in Boston.

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 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!
ATHX $2.86 -2.05%
CBAK $3.52 4.76%
GOOG $552.03 0.67%
MGIC $6.46 -0.92%
PFE $35.00 1.36%


DOW 17,976.31 +263.65 1.49%
S&P 500 2,086.24 +25.22 1.22%
NASDAQ 4,947.4410 +56.2220 1.15%

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