This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

GenVec, Encorium Group: Early Volume Plays

Stocks in this article: GNVC ENCO

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

GenVec (GNVC) plummeted by $2.01, or 71.7%%, to 79 cents after the company shut down a phase III study of its experimental pancreatic cancer drug TNFerade, which was found to be no better than a placebo. TheStreet's Adam Feuerstein calculated that GenVec has roughly 26 cents a share in cash, putting fair value around 30 cents a share. The 50-day average daily volume for GenVec is 5.7 million, according to the Nasdaq.

Encorium Group (ENCO) more than doubled in value, surging 125.1%, to $4.75 in the absence of any company-specific news. Traders posting on Internet message boards attributed the stock's two-day jump, worth 200%, to momentum trading. The 50-day average daily volume for Encorium is 24,000.

White Electronic Designs (WEDC) jumped by $1.53, or 28%, to $6.99 after Microsemi (MSCC) said it will buy the company for $7 per share in a deal worth $100 million. The 50-day average daily volume for White Electronic Designs is 88,000.

Maguire Properties (MPG) slipped by 33 cents, or 9.8%, to $3.04 after Stifel Nicolaus analysts downgraded the company to sell. The three-month average daily volume for Maguire Properties is 2.16 million, according to Yahoo! Finance.

Hong Kong Highpower Technology (HPJ) dropped by 92 cents, or 14.4%, to $5.48 after the company reported full-year earnings of 33 cents a share, below the single analyst estimate of 37 cents a share. The three-month average daily volume for Hong Kong Highpower is 294,000.

-- 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 on Facebook.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

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.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!


DOW 17,778.15 +421.28 2.43%
S&P 500 2,061.23 +48.34 2.40%
NASDAQ 4,748.3960 +104.0840 2.24%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

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