This Day On The Street
Continue to site
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

Amkor Tech, LML Payment: Midday Volume Plays

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

LML Payment Systems (LMLP) rallied by 51 cents, or 32.5%, to $2.08 after the electronic payment company said fiscal third-quarter adjusted earnings doubled from a year ago to 4 cents a share. That came as revenue jumped 56% to $4.74 million Volume topped 260,000 shares, compared to the 50-day average daily volume of 91,000, according to the Nasdaq.

GeekNet (LNUX) jumped by 27 cents, or 20.9%, to $1.56 after the Web site property company reported fourth-quarter earnings of 3 cents a share, which surprised analysts who had expected a loss in the quarter, based on the average of two estimates. Volume topped 760,000 shares, compared to the 50-day average daily volume of 105,000.

Amkor Technology (AMKR - Get Report) lost 64 cents, or 10.1%, to $5.70 even as the semiconductor packaging company swung to a fourth-quarter profit of 33 cents a share, which was above the Thomson Reuters average estimate of 9 cents a share. Looking ahead, Amkor offered a first-quarter earnings guidance range of 17 cents to 22 cents a share in the most recent quarter, which is in line with the Thomson Reuters average estimate. Volume topped 5.13 million shares, compared to the 50-day average daily volume of 2.75 million.

Opko Health (OPK - Get Report) jumped by 28 cents, or 16.1%, to $2.02 after the specialty healthcare company announced the development of a simple diagnostic blood test for Alzheimer's disease. The test, designed to detect elevated levels of antibodies unique to Alzheimer's disease, was approximately 95% accurate in initial testing, Opko said. Volume topped 1.74 million shares, compared to the three-month average daily volume of 254,000, according to Yahoo! Finance.

-- 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.

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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
LMLP $23.18 -1.65%
AMKR $5.81 3.20%
OPK $16.81 -0.06%
AAPL $125.69 -0.25%
FB $87.22 -0.38%

Markets

DOW 17,776.91 +93.33 0.53%
S&P 500 2,081.34 +12.58 0.61%
NASDAQ 4,997.4590 +5.5190 0.11%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs