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

DivX, Coldwater Creek: Early Volume Plays

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

DivX (DIVX) jumped by 96 cents, or 16%, to $6.97 after the digital media company late Wednesday reported a fourth-quarter adjusted profit of 7 cents a share, which was better than the Thomson Reuters average estimate for earnings of 2 cents a share. Revenue of $20.1 million was also above consensus. Looking ahead to the first quarter, DivX offered better-than-expected earnings and revenue guidance. Volume topped 198,000 shares, compared to the 50-day average daily volume of 167,000.

Bell Microproducts (BELM) gained 29 cents, or 6.5%, to $4.74 after the data storage company posted a fourth-quarter profit of 28 cents a share, which doubled the single analyst estimate for a profit of 14 cents a share. Sales of $837 million was up from a year ago and also beat the lone analyst prediction. Volume topped 287,000 shares, compared to the three-month average daily volume of 102,000.

Coldwater Creek (CWTR) added 48 cents, or 8.9%, to $5.89 after the apparel retailer's fourth-quarter revenue of $318.4 million exceeded estimates. While the company reported a wider-than-expected loss in the quarter, Coldwater offered in-line earnings guidance for the first quarter and better-than-expected earnings guidance for fiscal year 2011. Volume topped 641,000 shares, compared to the 50-day average daily volume of 950,000.

Celldex Therapeutics (CLDX - Get Report) slid by 41 cents, or 7.4%, to $5.13. The sell-the-news reaction came after the biopharmaceutical company posted a fourth-quarter adjusted loss of 28 cents a share, which was a penny better than analysts had predicted. Revenue of $4.7 million in the quarter was well ahead of the $3.66-million consensus. Volume topped 239,000 shares, compared to the 50-day average daily volume of 357,000.

-- 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 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
CLDX $23.52 -0.76%
CWTR $0.02 0.87%
AAPL $122.37 -0.50%
FB $95.21 -1.84%
GOOG $632.59 0.10%

Markets

Chart of I:DJI
DOW 17,745.98 -5.41 -0.03%
S&P 500 2,108.63 +0.06 0.00%
NASDAQ 5,128.7850 +17.0520 0.33%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs