NEW YORK (
) -- Several stocks trading under $10 were poised to move on above-average volume during Friday's session.
fell by 30 cents, or 4.7%%, to $6.30 in the premarket session. The company completed a $400 million senior note convertible offering right before the Thanksgiving holiday, a capital markets action that occurred alongside the provision of 26 million common shares to Deutsche Bank for future sale.
DryShips has been a highly active stock in the recently heavily played dry bulk shipping sector. The 50-day average daily volume for is 26 million, according to the Nasdaq.
For the second-consecutive market day,
was among the most active pre-market trades, dropping by 16 cents, or 2.2%, to $7.18 in the premarket session on Friday. The company came back from the holiday break the same way it headed into the holiday -- with its share price hurting as a result of denying reports that it was searching for a buyer.
Brocade was also downgrade by Canaccord Adams to a cut rating. The 50-day average daily volume for Brocade matches DryShips' average at 27 million, according to the Nasdaq.
dropped 23 cents, or 5.9%, to $3.70 in the premarket session after the company's president and chief operating officer -- under whose direction the firm's revenues had grown from $90 million to $800 million in two years -- bolted the firm for rival
. The 50-day average daily volume for is 4.8 million, according to the Nasdaq.
dropped by 13 cents, or 3.5%, to $3.59 in the premarket session, continuing a downward trend that began on Monday morning after it completed a tender offer of close to $400 million. The 50-day average daily volume for is 27 million, according to the Nasdaq.
dropped by 63 cents, or 6.1%, to $9.72 in the premarket session, giving back some of the huge gains made earlier in the week after Origin announced it had received commercial approval from China for a genetically modified corn. Origin shares were up 111% earlier in the week. The 50-day average daily volume for is 2.6 million, according to the Nasdaq.
-- Written by Eric Rosenbaum in New York
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