NEW YORK (
) -- Several stocks trading near $5 were poised to move on above-average volume during Monday's session.
(SIRI - Get Report)
fell by 5 cents, or 4.9%, to 97 cents in the premarket session after Wunderlich Securities downgraded the stock to hold from buy following the
satellite radio provider's
fourth-quarter results last week. Still, Wunderlich analysts maintained their $1 price target and said they still like Sirius XM's business. The 50-day average daily volume for Sirius XM is 62.74 million, according to the
slid by 30 cents, or 5%, to $5.65 in the premarket session after the company filed for a common stock offering of 25 million shares by selling shareholders. The 50-day average daily volume for GT Solar is 1.04 million shares.
On Track Innovations
(OTIV - Get Report)
should trade on increased volume Monday after the microprocessor-based technology company reported a fourth-quarter loss of 16 cents a share, which was worse than the single analyst estimate for a loss of 4 cents a share. Revenue of $7.52 million was up 6.2% from a year ago but below the lone analyst target of $8.65 million. The 50-day average daily volume for On Track Innovations is 299,000.
China Infrastructure Investment
rallied by 55 cents, or 29%, to $2.45 in the premarket session in the absence of any company-specific news. Last month, China Infrastructure Investment reported a fiscal second-quarter profit and said toll growth on the China Expressway should accelerate in 2010 in line with China's gradually improving economy. The 50-day average daily volume for China Infrastructure is 236,000.
-- Written by Robert Holmes in Boston
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