NEW YORK (
) -- Several stocks trading near $5 were moving on above-average volume during Wednesday's session.
JA Solar Holdings
opened higher by 43 cents, or 7.6%, to $6.10 after the company raised its first-quarter shipment guidance, saying it expects it shipped solar cells with a total capacity exceeding 265 megawatts (MW), above the high-end of its previous guidance of 215MW to 225MW. Volume topped 3.77 million shares, compared to the 50-day average daily volume of 8.84 million, according to the
fell by 28 cents, or 4.3%, to $6.20 after Wedbush Morgan initiated coverage of the stock with an underperform rating and 50-cent price target. Volume topped 3.43 million shares in the first 10 minutes of trading, compared to the 50-day average daily volume of 6.49 million.
( SATC) jumped by 21 cents, or 8.3%, to $2.76 after the renewable energy company said it has received an order for 150 megawatts of its 500kW solar PV inverters from
for installations in China. Volume topped 553,000 shares, compared to the 50-day average daily volume of 519,000.
( BBI) rose by 4 cents, or 15.7%, to 29 cents after the company said it has reached new agreements with movie studios, including Sony, Fox and Warner, for faster availability of films and better payment terms. Volume topped 1.47 million shares in the first few minutes of trading, compared to the three-month average daily volume of 7.03 million, according to Yahoo! Finance.
-- Written by Robert Holmes in Boston
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