Update to clarify Generex offering
NEW YORK (
) -- Several stocks trading near $5 were poised to move on above-average volume during Monday's session.
Art Technology Group
should open higher Monday after the software company posted a fourth-quarter profit of 6 cents a share, matching the Thomson Reuters average estimate. Revenue in the quarter rose 14.5% from a year ago to $49.7 million, coming in ahead of the consensus target of $47 million. In addition, ATG announced a 25-million-share common stock offering. The 50-day average daily volume for ATG is 855,000, according to the
. The stock closed Friday at $4.48.
Pacific Capital Bancorp
shares may gain ground Monday after the community bank holding company reported a fourth-quarter loss of 43 cents a share, narrower than the 58-cent-a-share loss analysts were predicting, according to Thomson Reuters. The 50-day average daily volume for Pacific Capital is 1.89 million shares. Shares ended Friday's session at $1.18.
should open lower after the company filed late Friday to renew and replace a $150 million mixed securities shelf offering. The 50-day average daily volume for Generex is 3.16 million. The stock closed Friday at 63 cents
Office products company
should start the week in negative territory after reporting a fourth-quarter adjusted loss of 13 cents a share, worse than the single analyst estimate for a profit of 9 cents a share. Revenue of $33.9 million was down 23% from a year ago and also fell short of the lone analyst target. The 50-day average daily volume for Champion is 6,800 shares. Shares ended Friday's session at $1.49.
-- Written by Robert Holmes in Boston
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