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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

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

Stocks in this article: NWY WNC

NEW YORK ( TheStreet) -- New York & Company (NWY) 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) 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) 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.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

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