This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Dynavax, Matrixx: Early Volume Plays

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

Dynavax Technologies (DVAX) was set to open sharply higher Tuesday after the biopharma company announced positive data from two studies that differentiate its SD-101 treatment from standard-of-care as well as emerging treatments for chronic hepatitis C infection. The 50-day average daily volume for Dynavax is 492,000, according to the Nasdaq. Shares closed Monday at $1.49 before jumping 24% in late trading.

Threshold Pharmaceuticals (THLD) should also trade up after the company announced data from a phase 1/2 clinical trial of TH-302 in patients with gastrointestinal cancer. Of the 38 patients assessed for response, 12 patients (32%) had a RECIST criteria partial response. The 50-day average daily volume for Threshold is 56,000. Shares finished trading Monday at $1.92 and rallied 27.6% in the after-hours session.

Matrixx Initiatives (MTXX) was poised to rally Tuesday after the healthcare products company late Monday reported fiscal third-quarter earnings of 41 cents a share, surprising analysts who had expected a loss of 7 cents a share. Revenue tumbled 26.4% from a year ago to $28.5 million, although that was still ahead of consensus. Average gross margin rose to 73% from 71% in the year-ago quarter. The 50-day average daily volume for Matrixx is 304,000. The stock closed Monday at $4.56.

PLX Technology (PLXT) was indicated to open higher after the semiconductor company late Tuesday posted fourth-quarter earnings of 9 cents a share, better than the Thomson Reuters average estimate for a profit of a penny a share. Revenue surged 87% to $26.6 million, also ahead of estimates. PLX Tech also offered better-than-expected revenue guidance for the first quarter. The 50-day average daily volume for PLX Tech is 168,000 shares. Shares closed Monday at $3.99 and rose to $4.31 in late trading.

Ener1 (HEV) was set to open lower Tuesday after the battery systems developer filed for a $60 million common stock offering. The three-month average daily volume for Ener1 is 924,000, according to Yahoo! Finance. The stock fell 4.3% Monday to close at $4.50.

-- 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 TheStreet.com on Facebook.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

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.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

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