NEW YORK (
) -- Several stocks trading near $5 were poised to move on above-average volume during Tuesday's session.
should trade sharply higher Tuesday after said it has terminated an exclusivity provision in its deal with
, allowing the company to explore alternative options. Earlier this month, Reed's said it would purchase
at a discount in a cash-and-stock deal worth about $9.7 million. The 50-day average daily volume for Jones Soda is 292,000, according to the
. The stock finished Monday at 52 cents and traded 25% in late trading.
Integrated Silicon Solution
jumped by $1.19, or 15.9%, to $8.68 in the premarket session after the semiconductor company upped its second-quarter earnings and revenue guidance following "better than expected end market demand and pricing." Integrated Silicon expects to earn 20 cents to 24 cents in the quarter on revenue of $54 million to $56 million, up from its previous guidance of 8 cents to 12 cents a share on revenue of $48 million to $52 million. Analysts are looking for a second-quarter profit of 11 cents a share on revenue of $50.7 million, according to Thomson Reuters. The 50-day average daily volume for Integrated Silicon is 551,000.
>>Stocks With Unusual Trading Volume
slid by 29 cents, or 3.5%, to $8.01 in the premarket session after the company announced a 4 million share common stock offering. Somaxon did not offer pricing details. The 50-day average daily volume for Somaxon is 4.25 million.
rose by 10 cents, or 2.8%, to $3.71 in the premarket session after
The Wall Street Journal
reported that the jeweler is considering a financing proposal from Sun Capital Partners. The private equity firm submitted a proposal to invest between $50 million and $100 million in Zale's preferred stock, which would give Sun Capital a majority stake, the paper said, citing people with knowledge of the deal. Sun Capital has also agreed to provide a bridge loan that includes a $600 million revolving credit facility, the
added. The three-month average daily volume for Zale is 2.09 million, according to Yahoo! Finance.
-- 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
and become a fan of TheStreet.com on