This Day On The Street
Continue to site right-arrow
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
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Pacific Ethanol, Force Protection: Early Volume Plays

Stocks in this article: PEIXFRPT

NEW YORK ( TheStreet) -- Several stocks trading near $5 were poised to move on above-average volume during Monday's session.

Pacific Ethanol (PEIX) fell by 10 cents, or 4.9%, to $1.95 in the premarket session after the company announced it has agreements designed to satisfy $34.7 million of outstanding debt and to cure existing defaults on the debt. Socius CG II has purchased $5 million of the company's debt and then settled the debt in exchange for free-trading shares of Pacific Ethanol's common stock. Socius intends to acquire the balance of the debt and engage in further exchanges until the total debt is completely retired, the company said. The 50-day average daily volume for Pacific Ethanol is 5.55 million, according to the Nasdaq.

Force Protection (FRPT) may trade higher Monday after Merriman Curhan Ford analysts reiterated a buy rating on the ballistic-protected products maker's shares, arguing that the stock has a potential valuation range of $7 to $8 a share. In addition, Merriman analysts said they expect a strong 2011, with an acquisition or a share buyback likely. The 50-day average daily volume for Force Protection is 613,000 shares. The stock closed Friday at $5.51.

Lexicon Pharmaceuticals (LXRX) slid by 6 cents, or 3.4%, to $1.72 in the premarket session after the company announced a proposed $95 million common stock offering. The 50-day average daily volume for Lexicon is 778,000.

CapitalSource (CSE) may see increased volume after JMP Securities upgraded the stock to market outperform from market perform with a stock price target of $7.50. Shares close Friday at $5.82. The three-month average daily volume for CapitalSource is 2.82 million, according to Yahoo! Finance.

-- Written by Robert Holmes in Boston.

Check out all of Monday's high-volume, under-$5 stocks at the Dollar Store

Follow Robert Holmes on Twitter and become a fan of TheStreet.com on Facebook.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,810.06 +91.06 0.51%
S&P 500 2,063.50 +10.75 0.52%
NASDAQ 4,712.97 +11.1030 0.24%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs