NEW YORK (
was one of several stocks trading near $5 poised to move on above-average volume Thursday following positive comments from an analyst during a televised interview.
shares jumped after Raymond James analyst Collin Gerry said that he upgraded the stock Wednesday as shallow water drillers have been oversold following the
oil spill in the Gulf of Mexico.
"If you look at energy, all stocks were thrown out with the bathwater," Gerry said during an appearance late Wednesday on
"Fast Money" show. "You have a couple of names whose fundamentals are largely unaffected and in the long term might actually improve, and those are shallow water names like
Hercules Offshore rallied by 24 cents, or 9.3%, to $2.87 in the premarket session. The 50-day average daily volume for Hercules Offshore is 2.98 million, according to the
Stocks Under $5 Top 10 'Buy' Rating Stocks Under $5
surged by 93 cents, or 21.8%, to $5.20 in the premarket session after the stored electrical energy company posted a first-quarter adjusted profit of 49 cents a share on revenue of $714.7 million, above the Thomson Reuters average estimate for a profit of 45 cents a share on revenue of $697.8 million.
also said that President and COO Edward O'Leary submitted his resignation effective as of June 16. The 50-day average daily volume for Exide Tech is 620,000.
rose by 31 cents, or 5.2%, to $6.25 in the premarket session after the apparel retailer surprised analysts with a first-quarter profit of 3 cents a share, as the company was expected to report a loss of 4 cents a share.
While Coldwater Creek offered weak earnings guidance for the second quarter, the retailer offered a better-than-expected guidance range for the full year. The 50-day average daily volume for Coldwater Creek is 859,000.
On the downside,
slumped by 10 cents, or 1.6%, to $6.05 in the premarket session after the homebuilder posted a second-quarter loss of 36 cents a share on revenue of $318.6 million, compared to estimates for a loss of 64 cents a share on revenue of $352 million. The three-month average daily volume for Hovnanian is 4.52 million, according to Yahoo! Finance.
-- Written by Robert Holmes in Boston
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