NEW YORK ( TheStreet) -- Several stocks trading near $5 were poised to move on above-average volume during Tuesday's session.
Jones Soda (JSDA) plummeted by 22 cents, or 26.2%, to 62 cents in the premarket session after the beverage company was purchased at a discount by Reed's (REED). The cash-and-stock deal, worth about $9.7 million, will see Jones shareholders receive an aggregate 4.5 million shares of Reed's common stock and 10 cents per Jones share in cash. The offer values Jones Soda's stock at 37 cents per share, based on Monday's closing price for Reed's shares. The 50-day average daily volume for Jones Soda is 199,000, according to the Nasdaq.
Cerus (CERS) jumped by 34 cents, or 14.4%, to $2.70 in the premarket session after R.W. Baird analysts upgraded shares of the biomedical products maker to outperform. The firm argued that the market is undervaluing Cerus' INTERCEPT Blood System. The 50-day average daily volume for Cerus is 289,000.
U.S. Geothermal (HTX) was poised to lose ground Tuesday after the geothermal resources company said it has agreed to issue 8.2 million common shares at a price of $1.05 per share as part of a $8.6 million private placement financing agreement. The three-month average daily volume for U.S. Geothermal is 298,000, according to Yahoo! Finance.Callon Petroleum (CPE) rallied by 40 cents, or 9.9%, to $4.46 in the premarket session after the oil and gas exploration company posted a fourth-quarter profit of $2.27 a share, compared to a net loss of $21.19 a share in the year-ago quarter. Revenue surged more than 350% to $70.9 million, Callon said. The three-month average daily volume for is 547,000. -- Written by Robert Holmes in Boston. Check out all of Tuesday'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
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
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.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
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.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV