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
TheStreet Open House

Palm, BankAtlantic Bancorp: Midday Volume Plays

Stocks in this article: PALM BBX

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

Palm (PALM) jumped by 14 cents, or 3.4%, to $4.14 after the company said its webOS smartphones, including the Pre Plus and Pixi Plus, will be available for AT&T (T - Get Report) customers. The stock had been as low as $3.65 earlier in the session. Volume topped 35.77 million shares, compared to the 50-day average daily volume of 21.2 million, according to the Nasdaq.

CTI Industries (CTIB - Get Report) rallied by 47 cents, or 17.4%, to $3.17 after the novelty products maker posted a fourth-quarter profit of 11 cents a share, narrowly edging the single analyst estimate, which called for earnings of 9 cents a share in the quarter. Volume topped 37,000 shares, compared to the 50-day average daily volume of 4,500.

BankAtlantic Bancorp (BBX - Get Report) jumped on continued takeover chatter. The stock was lately up 32 cents, or 18.3%, to $2.07, bringing its year-to-date surge to nearly 60%. BankAtlantic is speculated to be a target for Barclays (BCS), Toronto Dominion (TD) or Royal Bank of Canada (RY), which are all seeking a bigger footprint in the U.S. Volume topped 3.11 million shares, compared to the three-month average daily volume of 880,000, according to Yahoo! Finance.

Rexahn Pharmaceuticals (RNN) gained 25 cents, or 17.7%, to $1.66 after the company announced the formation of its Parkinson's Disease Scientific Advisory Board (SAB), which will collaborate with Rexahn on the clinical development strategy for its drug candidate, Serdaxin, a therapeutic for Parkinson's disease. Volume topped 3.54 million shares, compared to the three-month average daily volume of 1.11 million.

-- 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.

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, 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
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
Try it NOW
Try it NOW
Try it NOW
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!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

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