NEW YORK (
The PMI Group
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.
Thomas Weisel Partners Group
was poised to rally after
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
(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.
(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
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