Publish date:

Hercules Offshore, Exide Tech: Early Volume Plays

Several stocks trading near $5, including Hercules Offshore, were poised to move on above-average volume Thursday.

NEW YORK (

TheStreet

) --

Hercules Offshore

(HERO)

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.

Hercules Offshore

shares jumped after Raymond James analyst Collin Gerry said that he upgraded the stock Wednesday as shallow water drillers have been oversold following the

BP

(BP) - Get Report

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

CNBC's

"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

Rowan

(RDC)

and Hercules."

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

Nasdaq

.

Stocks Under $5 Top 10 'Buy' Rating Stocks Under $5

TheStreet Recommends

Elsewhere,

Exide Technologies

(XIDE)

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.

Exide Technologies

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.

Coldwater Creek

(CWTR)

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,

Hovnanian

(HOV) - Get Report

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

.

Check out all of Thursday's high-volume, under-$5 stocks at the Dollar Store. View the Dollar Store portfolio on StockPickr.

Follow Robert Holmes on

Twitter

and become a fan of TheStreet.com on

Facebook.