Pacific Sunwear, XOMA: Early Volume Plays

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

XOMA (XOMA) should trade sharply higher Friday after the biopharmaceutical company reported a fourth-quarter profit of a penny a share, surprising analysts who had expected a loss of 3 cents a share. Revenue was down 41% from a year ago to $21.6 million but still exceeded the consensus target of $15.2 million. The 50-day average daily volume for XOMA is 4.52 million, according to the Nasdaq. The stock closed Thursday at 55 cents and was up 9% in the after-market session.

Pacific Sunwear (PSUN) was indicated to drop during Friday's session after the retailer said it expects a first-quarter adjusted loss of 32 cents to 38 cents a share, which is a wider loss than the 15-cent-a-share loss targeted by analysts. The guidance came as Pacific Sunwear posted a fourth-quarter adjusted loss of 26 cents a share on revenue of $293 million, which was slightly better than analysts had predicted, according to a Thomson Reuters poll. The 50-day average daily volume for Pacific Sunwear is 932,000. Shares ended trading Thursday at $5.75 before falling 13.2% in late trading.

Procera Networks (PKT) should trade solidly higher Friday after the bandwidth management company reported fourth-quarter revenue of $9.4 million, which was up 108% from a year ago and beat the single analyst estimate of $8.7 million. Procera said that the momentum it is experiencing with Tier 1 service providers "will lead to another year of revenue growth." The three-month average daily volume for Procera is 261,000, according to Yahoo! Finance. The stock closed Thursday at 45 cents.

First Marblehead (FMD) shares should trade up after the Office of Thrift Supervision said it has terminated its enforcement action against the financial company. The three-month average daily volume for First Marblehead is 287,000. The stock ended Thursday at $3 and was up 4.3% in late trading.

-- Written by Robert Holmes in Boston.

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

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

>To order reprints of this article, click here: Reprints