NEW YORK (

TheStreet

) -- Several stocks trading under $10 were poised to move on above-average volume during Wednesday's session.

Sequenom

(SQNM)

jumped by 28 cents, or 6.4%, to $4.64 in the premarket session after an upgrade from Auriga U.S.A to hold and a price target increase from $3 to $4. The 50-day average daily volume for Sequenom is 6.4 million, according to the Nasdaq.

Netlist

(NLST)

was among the most active premarket trades, jumping by 31 cents, or 5.9%, to $5.60 in the premarket session on Wednesday.

The company's most recent news was a statement that an infringement lawsuit against it was without merit, which Netlist stated on Monday. The 50-day average daily volume for Netlist is 6.7 million, according to the Nasdaq.

Avanir Pharmaceuticals

TST Recommends

(AVNR)

spiked 29 cents, or close to 16%, to $2.12 in the premarket session after the biotech firm released positive results from its latest trials for an ALS drug; Avanir had the largest percentage gain among Nasdaq most actives under $10 on Wednesday morning.

The 50-day average daily volume for Avanir is 1.2 million, according to the Nasdaq.

Ericsson

(ERIC) - Get Report

was down 3 cents, or 0.3%, to $9.56, a small change but the second consecutive day that Ericsson was among the most active Nasdaq stocks in the premarket session.

Ericsson announced a five-year deal with a Romanian telecom operator to start in 2010, and the shift of 400 Romanian employees to an Ericsson global services division. The 50-day average daily volume for Ericsson is 7.6 million, according to the Nasdaq.

-- Written by Eric Rosenbaum in New York

.

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