NEW YORK (
(BZH - Get Report)
was one several stocks trading near $5 were moving on above-average volume Tuesday, after an analyst upgraded the homebuilder stock to buy.
rose after Citigroup upgraded the stock to buy from hold. The firm said that Beazer's recent debt and note sale will bolster its balance sheet, allowing the homebuilder to focus on operations.
Meanwhile, a regulatory filing from Monday showed that hedge fund
Paulson & Co.
bought 5 million shares of Beazer stock in the first quarter.
Beazer Homes shares jumped by 46 cents, or 8.8%, to $5.70. Volume topped 6.69 million shares, compared to the three-month average daily volume of 4.38 million, according to Yahoo! Finance.
China Armco Metals
dropped by 58 cents, or 10.2%, to $5.11 after the company late Monday posted a first-quarter adjusted profit of 6 cents a share on revenue of $8.58 million, compared with a year-ago profit of 2 cents a share on $5.36 million in revenue.
China Armco said its management is maintaining financial guidance with revenues for the full year of 2010 exceeding $220 million with net income exceeding $12 million. Volume topped 400,000 shares, compared to the three-month average daily volume of 1.15 million.
shares rebounded from Monday's 28% loss, rising by 43 cents, or 15.3%, to $3.25. Volume topped 4.65 million shares, compared to the 50-day average daily volume of 676,000, according to the
rallied last week after the company said its WinTV-HVR TV tuner boards for PCs can now stream live TV over the Internet to the
iPad, iPhone and iPod touch.
, on the other hand, was retracing some of Monday's 60% surge. Lately, InfoLogix was down $1.03, or 9.6%, to $9.69. Volume topped 1.05 million shares, compared to the 50-day average daily volume of 234000.
announced a deal with
to provide mobile managed services to North American customers.
-- Written by Robert Holmes in Boston
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