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, Compugen: Early Volume Plays

NEW YORK ( TheStreet) -- Several stocks trading near $5 were poised to move on above-average volume during Wednesday's session.

China BAK Battery (CBAK - Get Report) tumbled by 87 cents, or 23.9%, to $2.77 in the premarket session, giving back some of the previous session's rally. Tuesday's 63.2% surge came on market chatter that Google (GOOG) had selected China BAK's lithium polymer cell-based battery in the Google Nexus One phone. Bloomberg reported Wednesday that China BAK CFO Tony Shen said the company hasn't won any orders from Google. The 50-day average daily volume for China BAK is 1.21 million shares, according to the Nasdaq.

Compugen (CGEN - Get Report) gained 23 cents, or 5%, to $4.85 in the premarket session after the company said it has completed $20 million offering of 4.1 ordinary million shares at weighted average price of $4.91 per share. The 50-day average daily volume for Compugen is 1.21 million shares.

Spectranetics (SPNC - Get Report) rose by 24 cents, or 3.5%, to $7.20 in the premarket session, building on Tuesday's 15% rally, after Canaccord Adams analysts upped their price target to $11 from $9. On Tuesday, Spectranetics said a federal investigation that was initiated by the Food and Drug Administration and Immigration and Customs Enforcement in September 2008 had been resolved, releasing the company from criminal and civil prosecution. The 50-day average daily volume for Spectranetics is 109,000 shares.

1 of 2

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!
CBAK $3.36 0.00%
CGEN $7.56 0.00%
GOOG $548.34 0.00%
SPNC $34.79 0.00%
AAPL $123.25 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