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

LeapFrog, Echelon: Early Volume Plays

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

Echelon (ELON - Get Report) dropped by 79 cents, or 9.9%, to $7.20 after the system and network infrastructure company notched a fourth-quarter loss of 9 cents a share, which was narrower than a loss of 18 cents a share, which analysts had predicted. However, Echelon offered first-quarter earnings and revenue guidance that was below Wall Street's consensus. Piper Jaffray analysts downgraded the stock to underweight from neutral following the report. Volume topped 206,000 shares in the first 30 minutes of trading, compared to the 50-day average daily volume of 285,000, according to the Nasdaq.

Glu Mobile (GLUU - Get Report) slumped by 23 cents, or 18.4%, to $1.02 after the mobile phone game maker surprised analysts with a fourth-quarer loss of 13 cents a share. Glu Mobile also offered first-quarter earnings and revenue guidance that is below year-ago levels. Volume topped 145,000 shares, compared to the 50-day average daily volume of 118,000.

LeapFrog Enterprises (LF) rallied by 71 cents, or 19%, to $4.44 after technology-based learning products maker notched a fourth-quarter profit of 46 cents a share, which was well above the 24-cent-a-share consensus. LeapFrog offered in-line revenue guidance for 2010, adding that it expects "expect significant sales and earnings growth to continue in 2010 and beyond." Volume topped 961,000 shares, compared to the three-month average daily volume of 244,000, according to Yahoo! Finance.

Augusta Resource (AZC) jumped by 44 cents, or 20.4%, to $2.60 after the mining company said it will sell 100% of the life of mine silver and gold production from its Rosemont Copper Project to Silver Wheaton (SLW - Get Report). Volume topped 288,000 shares, compared to the three-month average daily volume of 238,000.

-- 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 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
AZC $2.95 -5.75%
ELON $5.85 -0.51%
GLUU $2.70 -1.46%
LF $0.97 -0.41%
SLW $14.69 4.04%


Chart of I:DJI
DOW 16,027.05 -177.92 -1.10%
S&P 500 1,853.44 -26.61 -1.42%
NASDAQ 4,283.7530 -79.3910 -1.82%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs