Arena Pharma, Amkor: Early Volume Plays - TheStreet

Arena Pharma, Amkor: Early Volume Plays

Several stocks trading under $10 are poised to move on above-average volume during Tuesday's regular session.
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NEW YORK (

TheStreet

) -- Several stocks trading under $10 were poised to move on above-average volume during Tuesday's regular session.

Arena Pharmaceuticals

(ARNA) - Get Report

jumped by 14 cents, or 3.7%, to $3.88 in premarket trading, after the San Diego-based drug company submitted to the Food and Drug Administration a New Drug Application for a weight loss treatment, lorcaserin, a big step toward eventual commercial production. The 50-day average daily volume for Arena is 2.3 million, according to Nasdaq.

Take Two Interactive Software

(TTWO) - Get Report

was among the biggest decliners in premarket action Tuesday, dropping 43 cents, or 4.6%, to $9. On Monday, embattled Take Two again

cut its first quarter guidance

and said it's selling its Jack of All Games distribution business to Synnex. The 50-day average daily volume for Take Two is a shade under 4 million shares, according to Nasdaq.

Mankind

(MNKD) - Get Report

dropped 66 cents, or almost 7%, to $8.84 before the opening bell after heavy options trading on Monday indicated a pessimistic call on the biotechnology company. The 50-day average daily volume for Mankind is 1.7 million shares.

Amkor Technology

(AMKR) - Get Report

rose by 49 cents, or 7.5%, to $7 in the early session. The semiconductor company raised its fourth-quarter guidance, saying sales and gross margins would come in at better-than-expected levels. The 50-day average daily volume for Amkor is 5.2 million shares.

Among the most heavily traded stocks in the premarket session was

JA Solar

(JASO)

, which gained 7 cents, or 1.1%, to $6.30. The company's issues have seen hectic action in recent weeks, as have shares of several under-$10 Chinese solar players. The 50-day average daily volume for JA Solar is 6.8 million shares, according to Nasdaq.

-- Written by Eric Rosenbaum in New York

.

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