InfoLogix, Netlist: Midday Volume Plays

NEW YORK (TheStreet) -- InfoLogix (IFLG) was one of several stocks trading moving on above-average volume Monday, surging more than 70% on a deal with Samsung Electronics.

InfoLogix announced a deal with Samsung to provide mobile managed services to North American customers. InfoLogix will provide "a cost-effective way for enterprises to design, deploy and manage a fully-integrated mobile infrastructure, including wireless monitoring and device management, help desk support, and end-user education and training."

InfoLogix shares were rallying by $4.75, or 71.4%, to $11.40. Volume topped 4.9 million shares, compared to the 50-day average daily volume of 234,000, according to the Nasdaq.

Elsewhere, ARCA biopharma (ABIO) jumped by 72 cents, or 16.9%, to $4.99 after the company said it has reached a Special Protocol Assessment agreement, or SPA, with the FDA on the design of a trial to test its experimental treatment for heart failure.

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The proposed trial protocol design, clinical endpoints and statistical analyses are acceptable to support regulatory approval, ARCA said. Volume topped 3.53 million shares, compared to the 50-day average daily volume of 2.55 million.

Netlist (NLST) shares also traded higher, rising by 37 cents, or 16.2%, to $2.65 after the memory module maker said it has reached a settlement in the misappropriation of trade secrets and breach of contract lawsuit against Texas Instruments (TXN).

The settlement resolves a dispute between the two companies concerning the use of proprietary memory modules and other related technology, Netlist said. Volume topped 1.11 million shares, compared to the 50-day average daily volume of 904,000.

On the downside, Astrotech Corp. (ASTC) slumped by 53 cents, or 19%, to $2.26 after the aerospace company posted fiscal third-quarter net loss of $600,000, 4 cents a share, on revenue of $6.6 million, swinging from a year-ago profit of $3.6 million, or 21 cents a share, on revenue of $11.8 million. Volume topped 666,000 shares, compared to the 50-day average daily volume of 264,000.

-- Written by Robert Holmes in Boston.

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