This Day On The Street
Continue to site
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

Pacific Ethanol, Force Protection: Early Volume Plays

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

Pacific Ethanol (PEIX - Get Report) 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 - Get Report) 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 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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
CSE $15.50 -0.51%
LXRX $11.85 -1.33%
PEIX $7.01 1.15%
FRPT $9.60 -4.95%
AAPL $111.96 1.10%


Chart of I:DJI
DOW 16,790.19 +13.76 0.08%
S&P 500 1,979.92 -7.13 -0.36%
NASDAQ 4,748.3610 -32.9030 -0.69%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs