Array BioPharma, Sterling Financial: Early Volume Plays
NEW YORK (TheStreet) -- Several stocks trading near $5 were poised to move on above-average volume during Tuesday's session.
Array BioPharma (ARRY) shares were set to rally Tuesday after the company late Monday reported a fourth-quarter loss of 44 cents a share, which was narrower than the loss of 55 cents analysts were expecting, according to Thomson Reuters. Revenue jumped nearly 25% to $9.6 million, also better than consensus. The 50-day average daily volume for Array BioPharma is 717,000, according to the Nasdaq. Shares closed Monday at $2.40 and were up more than 11% in Tuesday's premarket session. Sterling Financial (STSA) was indicated to open sharply lower after the company late Monday posted a fourth-quarter loss of $6.41 a share, which shrank from the year-ago loss of $6.87 a share. Analysts polled by Thomson Reuters had expected a loss of 44 cents a share, although that may not compare to Sterling's results, which include a $340.3 million charge for the allowance for credit losses and $4.4 million in dividends for the Troubled Asset Relief Program. The 50-day average daily volume for Sterling Financial is 1.1 million shares. The stock finished Monday at 75 cents and were tumbling 22.7% in late trading. Compugen (CGEN) may trade higher after the company announced the discovery of a novel protein for treatment of autoimmune diseases. The 50-day average daily volume for Compugen is 1.65 million. Shares ended trading Monday at $3.95 and were up nearly 14% in early trading Tuesday. Cedar Shopping Centers (CDR) should lose ground Tuesday after the company commenced a 7.5-million-share common stock offering. The three-month average daily volume for Cedar Shopping Centers is 226,000, according to Yahoo! Finance. The stock closed Monday at $7.17 and fell 7% in the after-hours session. -- 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.>To order reprints of this article, click here: ReprintsTheStreet Premium Services For Personal Service: 877-471-2967
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
ETF Profits:
Get money-making ideas from the hottest investment vehicle on the planet. Our experts show you how to play various ETF sectors to help pump-up your portfolio. Learn More
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn MoreTo 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.
blog comments powered by Disqus
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 12,845.13 | 1,344.33 | 2,901.99 | 19.01 |
Oil *
116.38
|
|
DOWN
17.10 |
DOWN
0.57 |
DOWN
3.67 |
DOWN
0.48 |
10 Yr
1.90%
SPDR Gold
167.64
|
|
-0.13%
|
-0.04%
|
-0.13%
|
-2.46%
|
Data delayed 20 minutes |
Connect with TheStreet