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!

Double-Take Software, Lithia Motors: Midday Volume Plays

NEW YORK ( TheStreet) -- Several stocks trading near $5 were moving on above-average volume during Thursday's session.

Lithia Motors (LAD) tumbled by $1.70, or 21.7%, to $6.13 after the automotive company said it expects fourth-quarter earnings to fall in a range of breakeven to 2 cents a share, which is below the two-analyst consensus for a profit of 16 cents a share. Lithia also offered weak earnings guidance for the first quarter and full-year 2010. Volume topped 1.31 million shares, compared to the three-month average daily volume of 403,000, according to Yahoo! Finance.

Borders Group (BGP) slumped by 10 cents, or 7.7%, to $1.20, retracing some of the previous session's rally. Borders surged Wednesday after billionaire investor Bill Ackman of Pershing Square Capital said that a Borders bankruptcy was "a low probability event" during an interview with CNBC Volume topped 3.07 million shares, compared to the three-month average daily volume of 1.78 million.

Aviat Networks (AVNW) dropped by $1.14, or 15.7%, to $6.13 after the wireless networking company posted a fiscal second-quarter profit of a penny a share, which was better than forecasts that Aviat would break even in the quarter. However, revenue was below consensus, and Aviat guided fiscal third-quarter revenue below the Thomson Reuters average estimate. Needham analysts downgraded the stock to hold from buy after the report. Volume topped 966,000 shares, compared to the 50-day average daily volume of 392,000, according to the Nasdaq.

Double-Take Software (DBTK) fell by $2.13, or 20.8%, to $8.12 after the company posted fourth-quarter revenue of $22.8 million, which was worse than analysts had expected. Double-Take also issued weak earnings and revenue below consensus. Following the report, Needham analysts downgraded the stock to hold while Oppenheimer analysts cut their rating to perform. Volume topped 3.72 million shares, compared to the 50-day average daily volume of 138,000.

-- Written by Robert Holmes in Boston.

Check out all of Thursday'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