This Day On The Street
Continue to site
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

Dover Motors, Cognex: Volume Movers

BOSTON ( TheStreet) -- Dover Motorsports (DVD - Get Report) was one of several stocks poised to move on above-average volume Tuesday on a merger announcement with Dover Downs Gaming & Entertainment (DDE).

Dover Motorsports said it will combine businesses with Dover Downs, where Dover Motorsports shareholders will receive 0.501 share of Dover Downs common stock. The deal combines two companies split apart eight years ago in a tax-free spin-off.

Shares of Dover Motorsports jumped by 15 cents, or 8.6%, to $1.90 in Tuesday's after-market session. The average daily share volume for Dover Motorsports is 6,000.

Elsewhere, Sterling Financial (STSA) shares rallied by 10 cents, or 16.7%, to 70 cents late Tuesday after the Federal Deposit Insurance Corporation and Washington Department of Financial Institutions have terminated a cease and desist order put in place in October 2009, which comes after the bank's $730-million recapitalization effort in August. The average daily share volume for Sterling Financial is 377,000.

Cognex (CGNX - Get Report) shares rose by $2.04, or 8.9%, to $24.93 in Tuesday's late trading session after the machine vision sensor equipment company said it now expects revenue of between $74 million and $78 million for its fiscal third quarter, up from its prior range of $65 million to $68 million. The average daily share volume for Cognex is 212,000.

Associated Estates Realty (AEC) shares fell by 98 cents, or 6.8%, to $13.50 in Monday's after-market session after the company announced a public offering of 8 million shares of common stock. Net proceeds will be used to fund property acquisitions and to repay debt. The average daily share volume for Associated Estates Realty is 188,000.

Entropic Communications (ENTR) slumped by 55 cents, or 5.6%, to $9.25 in Tuesday's late trading session after the semiconductor company announced a share offering of 10 million common shares. The average daily share volume for Entropic is 1.83 million.

Newpark Resources (NR - Get Report) slipped by 24 cents, or 2.8%, to $8.46 in the premarket session after the oil and gas company late Monday announced a public offering of $150 million of convertible senior notes due 2017. Net proceeds will be used to pay down an existing credit facility. The average daily share volume for Newpark Resources is 986,000.

-- 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

>To submit a news tip, send an email to:
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
Dividend Stock Advisor

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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AEC $0.00 0.00%
ENTR $3.02 -2.27%
CGNX $40.24 -2.16%
DVD $2.19 -2.23%
NR $4.97 1.02%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs