This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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

Blockbuster, Hauppauge Digital: Early Volume Plays

Stocks in this article: BBI HAUP

NEW YORK ( TheStreet) -- Blockbuster (BBI) was among several stocks trading below $5 poised to move on above-average volume Friday after the embattled video rental chain.

Blockbuster reported a first-quarter loss of 33 cents a share on revenue of $939.4 million, compared to the Thomson Reuters average estimate for a loss of 14 cents a share on revenue of $933.3 million. Excluding severance payments, costs for closing stores and other one-time expenses, Blockbuster matched the average analyst projection with a loss of 14 cents a share in the quarter.

"We expect the next 12 to 18 months will remain challenging," Blockbuster CFO Tom Casey said in a statement.

Shares of Blockbuster, which rallied 15% Thursday, were down 22.1% to 39 cents in Friday's premarket session. The three-month average daily volume for Blockbuster is 10.85 million, according to Yahoo! Finance.

More Stocks Under $5
Top Dividend Stocks Under $5

On the other hand, BioSphere Medical (BSMD) jumped by $1.30, or 43.3%, to $4.30 in the premarket session after Merit Medical (MMSI) said it will acquire the company for $4.38 per share in a $96 million cash deal. The 50-day average daily volume for BioSphere is 28,000, according to the Nasdaq.

Hauppauge Digital (HAUP - Get Report) were set to build on Thursday's 197.1% surge after the company said its WinTV-HVR TV tuner boards for PCs can now stream live TV over the Internet to the Apple (AAPL) iPad, iPhone and iPod touch. Shares of Hauppauge were up 27.7% to $3.87 in Friday's premarket session. The 50-day average daily volume for Hauppauge is 90,000.

TOP Ships (TOPS) jumped by 10 cents, or 8.3%, to $1.30 in the premarket session even after the company reported a profit of 3 cents a share on revenue of $23.1 million, which was well below the Thomson Reuters average estimate for a profit of 14 cents a share on revenue of $25 million. The 50-day average daily volume for TOP Ships is 62,000.

-- Written by Robert Holmes in Boston.

Check out all of Friday'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.

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, 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
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!

Markets

DOW 17,335.31 -343.39 -1.94%
S&P 500 2,028.55 -28.54 -1.39%
NASDAQ 4,689.1460 -82.6170 -1.73%

Partners Compare Online Brokers

Free Reports

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