Blockbuster, Hauppauge Digital: Early Volume Plays

Several stocks trading near $5 were poised to move on above-average volume Friday, including Blockbuster..
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NEW YORK (

TheStreet

) --

Blockbuster

(BBI) - Get Report

was among several stocks trading below $5 poised to move on above-average volume Friday after the embattled video rental chain.

Blockbuster

reported a first-quarter loss of 33 cents a share on revenue of $939.4 million, compared to the Thomson Reuters average estimate for a loss of 14 cents a share on revenue of $933.3 million. Excluding severance payments, costs for closing stores and other one-time expenses, Blockbuster matched the average analyst projection with a loss of 14 cents a share in the quarter.

"We expect the next 12 to 18 months will remain challenging," Blockbuster CFO Tom Casey said in a statement.

Shares of Blockbuster, which rallied 15% Thursday, were down 22.1% to 39 cents in Friday's premarket session. The three-month average daily volume for Blockbuster is 10.85 million, according to Yahoo! Finance.

More Stocks Under $5

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On the other hand,

BioSphere Medical

(BSMD)

jumped by $1.30, or 43.3%, to $4.30 in the premarket session after

Merit Medical

(MMSI) - Get Report

said it will acquire the company for $4.38 per share in a $96 million cash deal. The 50-day average daily volume for BioSphere is 28,000, according to the

Nasdaq

.

Hauppauge Digital

(HAUP)

were set to build on Thursday's 197.1% surge after the company said its WinTV-HVR TV tuner boards for PCs can now stream live TV over the Internet to the

Apple

(AAPL) - Get Report

iPad, iPhone and iPod touch. Shares of Hauppauge were up 27.7% to $3.87 in Friday's premarket session. The 50-day average daily volume for Hauppauge is 90,000.

TOP Ships

(TOPS) - Get Report

jumped by 10 cents, or 8.3%, to $1.30 in the premarket session even after the company reported a profit of 3 cents a share on revenue of $23.1 million, which was well below the Thomson Reuters average estimate for a profit of 14 cents a share on revenue of $25 million. The 50-day average daily volume for TOP Ships is 62,000.

-- Written by Robert Holmes in Boston

.

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