This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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!

American Apparel, FuelCell: Volume Movers

Stocks in this article: APP FCEL

NEW YORK ( TheStreet) -- American Apparel (APP) was one of several stocks trading near $5 poised to move on above-average volume Friday after the clothing maker amended a credit agreement and a billionaire investor disclosed a stake in the company.

American Apparel said in a regulatory filing that it had amended its credit agreement with Lion/Hollywood, replacing a total debt to earnings before interest, taxes, depreciation and amortization, or EBITDA, financial covenant with a minimum EBITDA financial covenant while raising the interest rate payable from 15% to 17%.

In addition, Lion is entitled to certain board representation and registration nights and was issued a warrant to purchase 16 million shares of American Apparel's common stock at an exercise price of $2 per share.

In a separate regulatory filing, billionaire investor Ronald Burkle said he now holds a 6% stake in American Apparel. The filing shows that between June 10 and June 21, Burkle acquired 4.31 million shares of the apparel maker for approximately $5.93 million.

American Apparel shares were poised to rally after slipping 0.6% to close at $1.77 Thursday. The three-month average daily volume for American Apparel is 89,000, according to Yahoo! Finance.

Elsewhere, FSI International (FSII) fell by 18 cents, or 3.9%, to $4.40 in Thursday's after-market session even after the company posted third-quarter earnings of 18 cents a share, swinging from a year-ago loss of 9 cents a share, on revenue of $28.7 million. Those figures topped the Thomson Reuters average estimate for a profit of 16 cents a share on revenue of $28.1 million.

Looking ahead, FSI International said it expects net income of $5 million to $6 million in its fiscal fourth quarter on revenue of $27 million to $30 million, compared with the consensus target of $29.4 million. The 50-day average daily volume for FSI International is 89,000, according to the Nasdaq.

FuelCell Energy (FCEL) dropped by 7 cents, or 4.7%, to $1.43 in Thursday's late trading session after the company said it plans to offer shares of common stock, although the ultra-clean power plants manufacturer did not divulge the size or price of the proposed offering. The 50-day average daily volume for FuelCell is 89,000.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
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!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • 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