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
TheStreet Open House

ZymoGenetics, Mitcham: Volume Movers

Stocks in this article: ZGENMINDRTIXFLOWDJSPBMY

BOSTON ( TheStreet) -- ZymoGenetics (ZGEN) was one of several stocks trading below $10 poised to move on above-average volume Wednesday after the biotech company said it will be acquired in a $885 million deal.

ZymoGenetics rallied sharply after Bristol-Myers Squibb (BMY) agreed to pay $9.75 a share for the biotech company, an 84% premium. Bristol-Myers said the deal gives it ownership of a "promising investigational biologic that strengthens our very diversified Hepatitis C portfolio."

Shares of ZymoGenetics surged by $4.43, or 83.6%, to $9.73 in the premarket session. The average daily share volume for ZymoGenetics is 390,000.

Elsewhere, Mitcham Industries (MIND) climbed by 43 cents, or 6.7%, to $6.85 in Tuesday's after-market session after the seismic equipment company posted a second-quarter adjusted of 4 cents a share, surprising analysts who expected a loss of 6 cents a share. Revenue of $15.2 million was also better than analyst estimates. The average daily share volume for Mitcham is 34,000.

RTI Biologics (RTIX) was poised to trade on increased volume after the human and animal tissue company cut its full-year earnings guidance to a range of 10 cents to 12 cents a share, compared to its prior range of 15 cents to 17 cents a share. The lower 2010 outlook comes as RTI Biologics announced a 10-year distribution agreement with Zimmer Dental for biologic implants for the dental market worldwide.

In addition, RTI Biologics reduced its full-year revenue guidance range to $165 million to $168 million from the previous range of $174.5 million to $177.5 million. The average daily share volume for RTI Biologics is 277,000. The stock closed Tuesday at $2.25.

Flow International (FLOW) rose by 7 cents, or 2.9%, to $2.45 in Tuesday's late trading session after the waterjet cutting company said it broke even on a per-share basis in its fiscal first quarter, compared to expectations for a loss of 3 cents a share. Revenue climbed 23% to $46.6 million, above the consensus for revenue of $44.4 million. The average daily share volume for Flow is 134,000.

DJSP Enterprises (DJSP) could see increased trading volume after the mortgage processing company said it had second-quarter earnings of 28 cents a share on revenue of $56.1 million, below estimates for earnings of 29 cents a share and revenue of $64.4 million. The average daily share volume for DJSP is 194,000. The stock closed Tuesday at $3.32.

-- Written by Robert Holmes in Boston.



>To contact the writer of this article, click here: Robert Holmes.

>To follow Robert Holmes on Twitter, go to http://twitter.com/RobTheStreet.

>To submit a news tip, send an email to: tips@thestreet.com.

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

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!
DOW 16,461.32 -153.49 -0.92%
S&P 500 1,927.11 -14.17 -0.73%
NASDAQ 4,382.8470 -36.6310 -0.83%

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