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

China BAK, Euro Tech: Early Volume Plays

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

China BAK Battery (CBAK - Get Report) 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 - Get Report) 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 - Get Report) 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 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
NBG $0.00 0.00%
CBAK $2.51 0.40%
CERS $5.83 -5.51%
CONN $12.61 -2.70%
CLWT $3.12 -3.16%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs