Air Transport Services, Borders: Early Volume Movers
NEW YORK ( TheStreet) -- Several stocks trading near $5 were moving on above-average volume during Thursday's session.
Air Transport Services Group (ATSG) jumped by 71 cents, or 21.4%, to $4.06 after the company reported a fourth-quarter profit of 18 cents a share on revenue of $250.5 million, compared with the Thomson Reuters average estimate for a profit of 15 cents a share on revenue of $188.9 million. On Wednesday, Air Transport Services announced a new long-term aircraft and operating agreements with DHL.Volume topped 1.08 million shares, compared to the 50-day average daily volume of 315,000, according to the Nasdaq.
Gentium (GENT) surged by $1.35, or 59%, to $3.64 after the biopharmaceutical company said a study evaluating the prophylactic use of Defibrotide in pediatric stem cell transplant (SCT) patients at high risk for veno-occulsive disease (VOD) saw a 40% reduction in the incidence of VOD within 30 days after SCT, which was the primary endpoint of the study. Volume topped 645,000 shares, compared to the 50-day average daily volume of 160,000.
DemandTec (DMAN) slid by 80 cents, or 11.5%, to $6.15 after the consumer demand management solutions company posted a fourth-quarter profit of a penny a share, below the Thomson Reuters average estimate for a profit of 2 cents a share. Revenue of $19.6 million was up from a year ago but also below consensus. Volume topped 645,000 shares, compared to the 50-day average daily volume of 243,000.Borders Group (BGP) rallied by 93 cents, or 54.1%, to $2.65 after the retailer said it met a $42.5 million obligation and announced a $700 million revolving credit facility. The announcement came as Borders reported fourth-quarter earnings of 91 cents a share, which was below the Thomson Reuters average estimate of $1.01 a share. Borders said it also closed on a $90 million term loan credit facility. Volume topped 7.59 million shares, compared to the three-month average daily volume of 2.8 million, according to Yahoo! Finance. -- Written by Robert Holmes in Boston. Check out all of Thursday's high-volume, under-$5 stocks at the Dollar Store Follow Robert Holmes on Twitter and become a fan of TheStreet.com on Facebook.
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