This Day On The Street
Continue to site
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

MRNA, Pacific Ethanol: Midday Volume Plays

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

Oxygen Biotherapeutics (OXBT - Get Report) jumped by $1.64, or 35.5%, to $6.28 after the company said it has begun marketing and selling its over-the-counter Dermacyte Oxygen skin care gel product. Oxygen Biotherapeutics also said it filed for a shelf offering of up to $75 million in common stock. Volume topped 922,000 shares, compared to the average daily volume of 19,000.

MDRNA (MRNA) surged by 31 cents, or 30.7%, to $1.32 after the biotech company said the U.S. Patent and Trademark Office has issued a "Notice of Allowance" for one of the company's patents covering methods for the cell-specific delivery of siRNAs. Volume topped 18.89 million shares, compared to the 50-day average daily volume of 1.37 million, according to the Nasdaq.

Servidyne (SERV) rallied by 94 cents, or 42.3%, to $3.16 after the energy efficiency products company said it has an agreement worth an estimated total revenue value of $8.7 million to improve the energy efficiency of approximately 600 stores and distribution centers of a major U.S. retailer. Volume topped 328,000 shares, compared to the 50-day average daily volume of 3,200.

Pacific Ethanol (PEIX - Get Report) plummeted by 70 cents, or 35.2%, to $1.29 after the company's wholly-owned subsidiary, Pacific Ethanol Holding, and four wholly-owned ethanol production facilities filed for reorganization plan in bankruptcy court. Pacific Ethanol said it expects the subsidiaries to emerge from bankruptcy near the end of the second quarter in 2010. Volume topped 12.99 million shares, compared to the 50-day average daily volume of 4.12 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

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
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!
SYM TRADE IT LAST %CHG
OXBT $3.46 0.58%
MRNA $0.64 0.00%
PEIX $12.39 0.00%
SERV $33.59 0.00%
AAPL $127.60 0.00%

Markets

DOW 18,034.93 +208.63 1.17%
S&P 500 2,100.40 +19.22 0.92%
NASDAQ 4,994.6020 +62.7870 1.27%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs