Anchor BanCorp, Melco Crown: Midday Volume Plays
NEW YORK (
) -- Several stocks trading near $5 were moving on above-average volume during Monday's session.
Anchor BanCorp Wisconsin
(ABCW)
tumbled by 34 cents, or 30.1%, to 80 cents after the company said it was exploring strategic alternatives to build its capital position, including a potential sale. The bank also terminated a deal with
Badger Holdings
for a prospective investment. Volume topped 1.08 million shares, compared to the 50-day average daily volume of 166,000, according to the
Nasdaq
.
Symyx Technologies
(SMMX)
jumped by $1, or 22.4%, to $5.47 after the life sciences company said it will be acquired by
Accelrys
(ACCL)
. Symyx shareholders will receive 0.7802 shares of Accelrys common stock for each share of Symyx. Volume topped 587,000 shares, compared to the 50-day average daily volume of 138,000.
CalAmp
(CAMP) - Get Report
rallied by 48 cents, or 17.4%, to $3.24 after the wireless products and solutions company announced three new supply contracts worth $15.2 million, with a majority of revenue expected to be recognized in the current and next fiscal year. Volume topped 374,000 shares, compared to the 50-day average daily volume of 101,000.
Melco Crown Entertainment
(MPEL)
gained 32 cents, or 6.9%, to $4.98 after JPMorgan analysts upgraded the stock to overweight from neutral and bumped its stock price target to $7 from $5. Volume topped 7.74 million shares, compared to the 50-day average daily volume of 7.11 million.
-- Written by Robert Holmes in Boston
.
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