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Cyclacel, Netlist: Early Volume Plays

NEW YORK ( TheStreet) -- A handful of stocks trading near $5 were poised to move on above-average volume during Wednesday's regular session.

Cyclacel Pharmaceuticals (CYCC - Get Report) jumped 12.5% to $2.70 after the company announced that a newly published study in clinical cancer research demonstrates potential for Cyclacel's Seliciclib in treating breast cancer resistant to hormone therapy. Selicicli is currently in phase 2 clinical trials. The 50-day average daily volume for Cyclacel is 7.4 million shares.

Achillion Pharmaceuticals (ACHN) rose 4.6% to $2.50 after the company announced additional positive safety and efficacy results from its Phase 2 trial studying elvucitabine in patients infected with HIV. The 50-day average daily volume for Achillion Pharmaceuticals is 893,000 shares.

Netlist (NLST - Get Report) shot up 7.9% to $4.50 after it said it began volume shipments of its non-volatile cache memory product NetVault. The 50-day average daily volume for Netlist is 2.3 million shares.

Sequenom (SQNM - Get Report) edged 0.4% lower to $5.20 after the company announced the launch of its SensiGene fetal sex determination test.The 50-day average daily volume for Sequenom is 3.5 million shares.

-- Reported by Andrea Tse in New York

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SYM TRADE IT LAST %CHG
ACHN $8.11 -0.37%
CYCC $0.62 -1.50%
NLST $0.53 -2.75%
SQNM $2.70 0.00%
AAPL $114.64 -3.21%

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DOW 17,550.69 -47.51 -0.27%
S&P 500 2,093.32 -4.72 -0.22%
NASDAQ 5,105.5460 -9.8360 -0.19%

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