This Day On The Street
Continue to site right-arrow
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

New York & Co., Wabash National: Midday Volume Plays

NEW YORK ( TheStreet) -- New York & Company (NWY - Get Report) was one of several stocks trading near $5 moving on above-average volume Thursday after reporting a first-quarter loss and forecasting a bigger loss in the second quarter.

New York & Company reported a first-quarter loss of $4.86 million, or 8 cents a share, roughly unchanged from a year ago. However, due to increased promotional activity, the retailer now expects to record a bigger second-quarter loss than in the year-ago period.

New York & Co. shares plunged by $1.20, or 22.6%, to $4.10. Volume topped 973,000 shares, compared to the three-month average daily volume of 248,000, according to Yahoo! Finance.

In other retailer news, Hot Topic (HOTT) shares dropped by 60 cents, or 9.2%, to $5.93 after the company noted a first-quarter loss of 4 cents a share on declining sales and said it expects a loss of 7 cents to 10 cents a share in the second quarter. Volume topped 2.79 million shares, compared to the 50-day average daily volume of 2 million, according to the Nasdaq.

Elsewhere, Antigenics (AGEN - Get Report) fell by 20 cents, or 14.7%, to $1.16 even after the company presented data from a multi-center Phase 1/2 clinical trial of 32 evaluable patients that suggests hat vaccination with Oncophage may improve overall survival in patients with recurrent high-grade glioma. Volume topped 6.27 million shares, compared to the 50-day average daily volume of 2.72 million.

Wabash National Corp. (WNC - Get Report) slid by $1.45, or 16.4%, to $7.41 after the company said it will offer 11 million shares of common stock, which equals about 35% of the current outstanding number of shares. Wabash said that net proceeds will be used to repay debt. Volume topped 1.52 million shares, compared to the three-month average daily volume of 1.06 million.

-- Written by Robert Holmes in Boston.

Check out all of Monday'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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

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
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!
AGEN $5.04 3.10%
NWY $2.39 1.30%
WNC $14.00 0.25%
AAPL $125.41 1.80%
FB $82.80 -0.60%


DOW 17,966.17 +253.51 1.43%
S&P 500 2,082.72 +21.70 1.05%
NASDAQ 4,930.6290 +39.41 0.81%

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