This Day On The Street
Continue to site
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

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 - Get Report) 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 - Get Report) 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 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
Only $9.95
14-Days Free
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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
DVAX $16.08 -0.86%
PLXT $6.50 0.31%
THLD $0.42 -3.64%
AAPL $95.18 1.64%
FB $117.43 -0.96%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs