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
TheStreet Open House

Javelin Pharmaceuticals, EDAP: Early Volume Plays

Stocks in this article: EDAPJAV

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

EDAP TMS S.A. (EDAP) jumped by 42 cents, or 13.3%, to $3.53 after the medical-device maker said it has received European approval for its new lithotripter, the Sonolith i-move. The device is used for the ultrasound localization of kidney stones. Volume topped 391,000 shares, compared to the 50-day average daily volume of 143,000, according to the Nasdaq.

Netlist (NLST) rose by 26 cents, or 7.7%, to $3.62 after the memory-subsystems maker announced the qualification of its HyperCloud memory component on Super Micro Computer high-density servers. Volume topped 460,000 shares in the first 45 minutes of trading Monday, compared to the 50-day average daily volume of 1.01 million.

PremierWest Bancorp (PRWT) gained 6 cents, or 8.4%, to 75 cents after Briefing.com noted market chatter regarding a stock newsletter that suggested PremierWest could be an acquisition target for KeyCorp (KEY). Volume topped 2.24 million shares, compared to the 50-day average daily volume of 1.44 million.

Javelin Pharmaceuticals (JAV) rallied by 82 cents, or 61.2%, to $2.16 after the company terminated its merger agreement with Myriad Pharmaceuticals (MYRX) after receiving a higher $141 million takeover offer from Hospira (HSP), which valued shares of Javelin at $2.20 per share. Myriad's offer for Javelin was worth $81 million, or $1.27 per share, based on Friday's closing prices. Volume topped 9.91 million shares, compared to the three-month average daily volume of 457,000, according to Yahoo! Finance.

-- Written by Robert Holmes in Boston.

Check out all of Monday's high-volume, under-$5 stocks at the Dollar Store. View the Dollar Store portfolio on StockPickr.

Follow Robert Holmes on Twitter and become a fan of TheStreet.com on Facebook.

Select the service that is right for you!

COMPARE ALL SERVICES
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 16,614.81 +215.14 1.31%
S&P 500 1,941.28 +37.27 1.96%
NASDAQ 4,419.4780 +103.4040 2.40%

Brokerage Partners

Rates from Bankrate.com

  • 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