NEW YORK (TheStreet) -- Several stocks trading near $5 were poised to move on above-average volume during Wednesday's session.
Halozyme Therapeutics (HALO) should open lower Wednesday after the company late Tuesday filed a $100 million mixed securities shelf offering. The 50-day average daily volume for Halozyme is 397,000 shares, according to the Nasdaq. The stock closed Tuesday at $6.06, down nearly 1%.
Beazer Homes (BZH) is expected to lose ground Wednesday after the homebuilder said late Tuesday that it will issue 18 million shares of common stock and $50 million in mandatory convertible subordinated notes due 2013. The three-month average daily volume for Beazer is 2.3 million shares, according to Yahoo! Finance. Shares of Beazer fell nearly 8% in Tuesday's after-hours session to $5.
Versar (VSR) may see increased trading volume Wednesday after the company said it has acquired U.K. protective equipment maker Professional Protection Systems. The acquisition, which is expected to be accretive in the first year, will add approximately $5 million in annualized gross revenue, Versar said. The three-month average daily volume for Versar is 26,000. Shares slid 0.7% Tuesday to close at $3.06.Nautilus Group (NLS) should also see volume pick up after the company said it has completed the sale and licensing of certain assets of its commercial business to Xiamen World Gear Sports Goods. The sale is part of the company's decision to shed its commercial business so management can focus on consumer retail and direct businesses. Nautilus also said it will receive a federal tax refund of roughly $12.1 million before Jan. 31, about two months earlier than it had anticipated. The three-month average daily volume for Nautilus is 111,000. After falling almost 3% in trading Tuesday, Nautilus shares rallied 6% in the after-hours session to $2.15. -- Written by Robert Holmes in Boston. Check out all of Wednesday'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
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 + 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