NEW YORK (TheStreet) -- Several stocks trading near $5 were moving on above-average volume during Tuesday's session.
China BAK Battery (CBAK) surged by 21 cents, or 9.3%, to $2.48 after the company said in a presentation filed with the Securities and Exchange Commission that it expects full-year revenue of $270 million, which is above the lone analyst target of $240.5 million. Volume hit 82,000 shares in the first few minutes of trading Tuesday, compared to the 50-day average daily volume of 2.25 million, according to the Nasdaq.
Conn's (CONN) dropped by 76 cents, or 14.2%, to $4.58 after the consumer appliances and electronics retailer offered preliminary fourth-quarter results. Conn's said fourth-quarter revenue fell 30% from a year ago to $171 million, which is below the Thomson Reuters average estimate of $231.2 million. Conn's said it will release its full fourth-quarter report, on March 25. Volume topped 167,000 shares, compared to the 50-day average daily volume of 197,000.
Cerus Corp. (CERS) jumped by 17 cents, or 8.4%, to $2.19 after the biomedical company said its Phase 1 trial of red blood cells treated with the INTERCEPT Blood System met its primary endpoint, with preliminary analysis demonstrating that greater than 75% of treated cells continued to circulate 24 hours following transfusion. Volume topped 358,000 shares, compared to the 50-day average daily volume of 258,000.Euro Tech Holdings (CLWT) rallied by 17 cents, or 9.4%, to $1.98 after the clear water company said that its Yixing PACT Environmental Technology subsidiary has been awarded a $3.8 million contract by a Korean stainless steel company. Volume topped 18,000 shares, compared to the 50-day average daily volume of 392,000. National Bank of Greece (NBG) jumped by 37 cents, or 16.2%, to $2.65 on speculation that Thursday's EU Summit in Brussels will yield a rescue for Greece as the country continues to struggle with a heavy debt burden. Volume topped 660,000 shares at the start of trading Tuesday, compared to the three-month average daily volume of 1.46 million, according to Yahoo! Finance. -- 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
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
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.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
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.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV