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

Netlist, AEterna Zentaris: Midday Volume Plays

NEW YORK ( TheStreet) -- Netlist (NLST - Get Report) was one of several stocks trading near $5 were moving on above-average volume Wednesday following the company's first-quarter earnings report.

Netlist shares jumped by 55 cents, or 20.8%, to $3.20 after the memory subsystems maker said its first-quarter loss narrowed to 14 cents a share from a year-ago loss of 19 cents a share. A single analyst covering Netlist had forecasted a loss of 18 cents a share.

Netlist said revenue in the quarter surged 265% from a year ago to $7.9 million, well ahead of the lone analyst target of $5.10 million. Netlist's volume topped 2.53 million shares, compared to the 50-day average daily volume of 867,000, according to the Nasdaq.

Elsewhere, AEterna Zentaris (AEZS - Get Report) jumped by 37 cents, or 16.2%, to $2.65 after the Food and Drug Administration approved the Investigational New Drug (IND) application for its doxorubicin targeted conjugate compound, AEZS-108, in bladder cancer.

AEterna Zentaris said it expects to initiate a Phase 2 clinical trial in the second half of this year. Volume topped 11.65 million shares, compared to the 50-day average daily volume of 3.54 million.

Exelixis (EXEL) gained 59 cents, or 11.1%, to $5.92 even after the drug maker reported a first-quarter loss of 40 cents a share on revenue of $42.2 million, compared with the Thomson Reuters average estimate for a loss of 31 cents a share on revenue of $54.8 million. Volume topped 1.31 million shares, compared to the 50-day average daily volume of 1.33 million.

The Hackett Group (HCKT - Get Report) rose by 47 cents, or 16.7%, to $3.28 after the global advisory firm reported a first-quarter profit of 5 cents a share on revenue of $46.7 million, compared with the analyst consensus for a profit of 4 cents a share on revenue of $43.7 million.

Looking ahead, The Hackett Group offered better-than-expected revenue guidance for the second quarter. Volume topped 257,000 shares, compared to the 50-day average daily volume of 96,000.

-- Written by Robert Holmes in Boston.

Check out all of Wednesday'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
AEZS $4.05 -3.57%
EXEL $4.61 1.54%
HCKT $14.88 -1.85%
NLST $1.23 -1.60%
AAPL $93.74 -1.15%


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