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

Pacific Ethanol, Mannkind: Volume Movers

Stocks in this article: PEIX MNKD

BOSTON ( TheStreet) -- Pacific Ethanol (PEIX - Get Report) was one of several stocks trading near $5 poised to move on above-average volume Tuesday after the company reported second-quarter financial results.

Pacific Ethanol said it had second-quarter net income available to shareholders of $107.8 million, which includes a non-cash gain of $119.4 million related to the disposition of liabilities after the company exited bankruptcy. Including gains, per-share earnings totaled $1.43, compared with a year-ago loss of 49 cents a share. Revenue was up 9.5% to $76.8 million, Pacific Ethanol said.

Shares of Pacific Ethanol jumped by 9 cents, or 17.3%, to 61 cents in the premarket session. The average daily share volume for Pacific Ethanol is 1.83 million.

Elsewhere, Rick's Cabaret (RICK - Get Report) dropped by 62 cents, or 8.7%, to $6.50 in Monday's after-market session after the company said it had a fiscal third-quarter profit of 9 cents a share, excluding one-time non-cash write-offs. Revenue fell 5% from a year ago to $19.9 million.

During the company's conference call, Rick's Cabaret CEO Eric Langan said the company no longer expects to meet its previous full-year earnings guidance of 95 cents to $1.05 a share, citing inconsistent customer spending. The average daily share volume for Rick's Cabaret is 103,000.

Mannkind (MNKD) fell by 41 cents, or 6%, to $6.41 in the premarket session after the company said it will lend 8 million shares of common stock to Bank of America, which will be sold as a short position by Merrill Lynch.

The short position will be used to hedge against the risks facing institutional investors who buy up to $115 million in convertible notes from Mannkind. The average daily share volume for Mannkind is 1.41 million.

Delcath Systems (DCTH - Get Report) slipped by 4 cents, or 0.6%, to $7.11 in the premarket session after the company said it will offer approximately 5.19 million shares of common stock, with proceeds to be used for clinical trials, research and development and other costs. The average daily share volume for Delcath Systems is 1.83 million.

-- Written by Robert Holmes in Boston.

Check out all of Tuesday'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.

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

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, 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
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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!


DOW 17,360.31 -56.54 -0.32%
S&P 500 2,014.11 -7.14 -0.35%
NASDAQ 4,676.8710 -6.5360 -0.14%

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