NEW YORK (
was one of several stocks trading near $5 moving on above-average volume Monday following market chatter of a buyout.
shares surged after
reported on rumors that
(OMCL - Get Report)
may be looking to acquire the enterprise mobility solutions company.
Shares of InfoLogix surged by $2.12, or 58.7%, to $5.73. Volume topped 2.59 million shares, compared to the 50-day average daily volume of 485,000, according to the
jumped by 46 cents, or 8.3, to $6.01 after the restaurant operator posted a fourth-quarter profit of 9 cents a share, compared to a year-ago profit of 6 cents a share. Revenue grew 5.2% to $77.4 million. Volume topped 34,800 shares, compared to the 50-day average daily volume of 38,900.
(CRNT - Get Report)
gained 98 cents, or 13.5%, to $8.23 after Merriman Curhan Ford analysts upgraded the stock to buy from neutral. Volume topped 357,000 shares, compared to the 50-day average daily volume of 377,000.
On the downside,
slumped by 46 cents, or 8.2%, to $5.09 after the video-game maker cut guidance for the fiscal first quarter and full year. Volume topped 1.07 million shares, compared to the 50-day average daily volume of 924,000.
now expects to report full-year non-GAAP net sales in the range of $845 million to $865 million and roughly breakeven non-GAAP per-share earnings. Previously, the company expected full-year net sales in the range of $905 million to $920 million and earnings per share in the range of 25 cents to 30 cents.
For the first quarter, THQ said it expects non-GAAP net sales to be between $155 million to $165 million, which is below the company's previous outlook of non-GAAP net sales of $190 million to $200 million. The company also expects a first-quarter non-GAAP loss per share in the range of 20 cents to 30 cents, compared with its previous outlook of breakeven. Analysts were expecting earnings of a penny a share, excluding items, on revenue of $203.2 million.
-- Written by Robert Holmes in Boston
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