This Day On The Street
Continue to site
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

GenVec, Encorium Group: Early Volume Plays

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

GenVec (GNVC - Get Report) 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 - Get Report) 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 - Get Report) 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.

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
Dividend Stock Advisor

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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
ENCO $0.00 0.00%
MPG $15.96 1.50%
HPJ $1.87 -3.60%
GNVC $0.75 8.60%
AAPL $92.69 -0.59%


Chart of I:DJI
DOW 17,740.63 +79.92 0.45%
S&P 500 2,057.14 +6.51 0.32%
NASDAQ 4,736.1550 +19.0610 0.40%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs