This Day On The Street
Continue to site
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

Skilled Healthcare, RMX: Volume Movers

BOSTON ( TheStreet) -- Skilled Healthcare Group (SKH) was one of several stocks trading below $5 moving on above-average volume Monday with shares rallying after the company filed a motion for a mistrial of a $677 million verdict.

Skilled Healthcare Group on Friday filed a motion for a mistrial or a new trial following a July verdict that ordered the company to pay $677 million to patients as damages for not providing sufficient nursing care. The company cited "the loss of our right to a fair and impartial jury" as reason for the motion filing.

"I was astonished by the evidence we learned about this juror's concealed bias and apparent pernicious conduct that ultimately resulted in an egregious verdict," Skilled Healthcare Chairman and CEO Boyd Hendrickson said in a statement. "We take patient care very seriously and firmly believe that these skilled nursing companies are adequately and appropriately staffed."

Skilled Healthcare and plaintiffs in the case agreed in July to put proceedings on hold until Aug. 9 to pursue settlement talks. The stay on proceeds will not be extended, but the company said it is continuing with settlement talks. Research firm Jefferies upgraded the stock to buy on the announcement, arguing that evidence in support of the motion reveals blatant bias by one juror.

Shares of Skilled Healthcare Group rallied by 89 cents, or 35.7%, to $3.38. Volume topped 1.59 million shares, compared to the average daily share volume of 1.44 million.

Elsewhere, RMX Holdings (RMX) jumped by 28 cents, or 16.3%, to $2 after the company declared a special cash dividend of $1.32 per share of common stock payable on Aug. 23 to shareholders of record on Aug. 16.

The company, formerly known as Ready Mix, provided ready-mix concrete products to the construction industry but has no active business operations after selling substantially all of its assets earlier this year. Volume topped 37,000 shares, compared to the average daily share volume of 5,000.

TravelCenters of America (TA - Get Report) rose by 68 cents, or 25.9%, to $3.32 after the company reported second-quarter earnings of 7 cents a share on revenue of $1.5 billion, compared to the lone analyst target that forecasted a loss of 82 cents a share and revenue of $1.4 billion. Volume topped 500,000 shares, compared to the average daily share volume of 91,000.

LJ International (JADE) climbed by 25 cents, or 8.5%, to $3.20 after the jewelry company said it had second-quarter earnings of 9 cents a share, up from a year-ago profit of a penny a share. Revenue rose 47% year-over-year to $33 million, the company said.

Looking ahead to the third quarter, LJ International said it expects revenue to climb more than 30% to $34 million. Volume topped 444,000 shares, compared to the average daily share volume of 100,000.

On the downside, Broadwind Energy (BWEN - Get Report) shares fell by 39 cents, or 13.7%, to $2.46 after the company reported a second-quarter loss of 9 cents a share and said revenue fell 30% from a year ago to $36.6 million, coming in below the consensus target of $40.1 million.

Looking ahead, Broadwind said it expects full-year revenue of $140 million to $160 million, below the average estimate of $205.8 million. Volume topped 637,000 shares, compared to the average daily share volume of 1.59 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 TheStreet.com on Facebook.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

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
Only $9.95
14-Days Free
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!
SYM TRADE IT LAST %CHG
TA $16.90 0.06%
BWEN $4.52 1.80%
SKH $8.44 4.46%
AAPL $130.70 -1.50%
FB $81.17 -0.90%

Markets

DOW 17,959.19 -78.78 -0.44%
S&P 500 2,095.63 -13.29 -0.63%
NASDAQ 5,008.0410 -52.2050 -1.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs