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

Otix Global, Entropic: Volume Movers

BOSTON ( TheStreet) -- Otix Global (OTIX) was one of several stocks trading below $10 moving on above-average volume Monday as shares more than doubled on a merger announcement.

Otix Global shares rallied after William Demant Holding said it will buy the hearing care company for $8.60 per share in a $50 million deal.

Separately, Otix Global said it will discontinue its German operations on Tuesday, adding that regulatory obstacles in Germany "have dramatically impacted the feasibility of stability of our business."

Shares of Otix Global surged by $4.31, or 106.7%, to $8.35. Volume topped 2.38 million shares, compared to the average daily share volume of only 12,000.

Elsewhere, Entropic Communications (ENTR - Get Report) jumped by 59 cents, or 6.9%, to $9.19 after the semiconductor company raised its third-quarter guidance.

Entropic now expects third quarter revenue to range between $60 million and $61 million, up from its previous range of $51 million to $53 million. Volume topped 4.22 million shares, compared to the average daily share volume of 1.85 million.

Opexa Therapeutics (OPXA - Get Report) rallied by 69 cents, or 62.7%, to $1.79 after the biopharmaceutical company ahead of a presentation Tuesday at the Rodman & Renshaw Annual Healthcare Conference.

Opexa's presentation, which will focus on the company's Tovaxin lead therapy for multiple sclerosis, will begin at 4:30 p.m. ET. Volume on Monday topped 1.67 million shares, compared to the average daily share volume of 65,000.

-- 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.

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
ENTR $3.06 0.00%
OPXA $0.43 0.00%
AAPL $130.28 0.00%
FB $81.53 0.00%
GOOG $565.06 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs