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

YRC Worldwide, Netlist: Early Volume Plays

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

SciClone Pharmaceuticals (SCLN - Get Report) rose 8.3% to $3 in the premarket session after the company and partner Sigma-Tau announced positive preliminary results in a clinical study examining Zadaxin to enhance immune response to the H1N1 vaccine. According to investigators, Zadaxin treatment given with the H1N1 vaccine led to a "highly statistically significant increase" in the percentage of subjects who seroconverted at 21 days after vaccination, when compared to those who received the H1N1 vaccine alone. The 50-day average daily volume for SciClone is 320,000, according to Yahoo! Finance.

YRC Worldwide (YRCW) shares were set to open higher after Standard & Poor's Ratings Services raised its corporate credit rating on the trucking company to CCC- from SD (selective default). Credit analyst Anita Ogbara also raised the senior unsecured issue-level ratings to CC from D on YRC's remaining notes that were subject to its exchange offer, as well as a 6 recovery rating, indicating negligible (zero to 10%) recovery of principal in a payment default scenario. Ogbara said that YRC'w liquidity position remains constrained, due to a $45 million maturity on April 15. The 50-day average daily volume for YRC Worldwide is 13 million shares.

Hersha Hospitality Trust (HT - Get Report) shares were indicated to open 11% lower after the company announced a public offering of 35 million common shares. The three-month average daily volume for Hersha Hospitality is 333,000, according to Yahoo! Finance.

Netlist (NLST - Get Report) was also set to start Tuesday's session lower after the company filed for a $30 million mixed securities shelf offering. The 50-day average daily volume for is 4.79 million.

KKR Financial (KFN) should open lower after the company said it expects to record charges in the fourth quarter to total as much as $80 million due to declining value of its residential mortgage-backed securities portfolio and some corporate loans. As a result, KKR Financial said its fourth-quarter results could range from a loss of 5 cents a share to a profit of a penny a share, compared with the Thomson Reuters average estimate for a profit of 27 cents a share. The three-month average daily volume for KKR Financial is 1.69 million shares.

-- 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!
KFN $0.00 0.00%
HT $6.47 0.00%
NLST $0.64 0.00%
SCLN $8.68 0.00%
YRCW $18.23 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