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

PMI Group, Thomas Weisel: Early Volume Plays

NEW YORK ( TheStreet) -- The PMI Group (PMI) was one of several stocks trading near $5 poised to move on above-average Monday after the mortgage insurer posted disappointing first-quarter results.

The PMI Group said its first-quarter loss ballooned to $1.94 a share from $1.41 a share in the year-ago quarter. Analysts had been looking for a smaller quarterly loss of 94 cents a share, according to Thomson Reuters. Revenue was down 36% from a year ago to $156.6 million, below the $172 million consensus. Separately, PMI said it will offer $400 million in common stock and $200 million in convertible senior notes.

Shares of The PMI Group were down 63 cents, or 9.5%, to $6 in the premarket session. The three-month average daily volume for The PMI Group is 7.43 million, according to Yahoo! Finance.

Elsewhere, Thomas Weisel Partners Group (TWPG) was poised to rally after Stifel Financial (SF) said it will buy the investment bank for over $300 million, valuing Thomas Weisel shares at $7.60 each.

Thomas Weisel shares closed Friday at $4.36. The 50-day average daily volume for Thomas Weisel is 75,000, according to the Nasdaq.

Digirad Corp. (DRAD - Get Report) jumped by 34 cents, or 16.5%, to $2.40 in the premarket session after the company said it has received clearance from the Food and Drug Administration to market and distribute its portable general imaging nuclear medicine camera. The 50-day average daily volume for Digirad is 72,000.

Radcom (RDCM - Get Report) should be active during Monday's session after the communications network test and monitoring company swung to a first-quarter profit of a penny a share from a year-ago loss of 30 cents a share. Revenue more than doubled to $4.4 million in the first quarter, Radcom said. The stock closed Friday at $4.85. The 50-day average daily volume for Radcom is 75,000.

-- 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 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
DRAD $5.83 0.00%
RDCM $13.61 0.00%
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs