NEW YORK (
) -- Several stocks trading near $5 were poised to move on above-average volume during Thursday's session.
should trade higher Thursday after the solar company reported a fourth-quarter profit of 14 cents a share on revenue of $238.4 million, both of which easily surpassed the Thomson Reuters average estimate. For 2010, JA Solar increased its shipment forecast to 900 megawatt (MW), up from its prior range of 750MW to 800MW. The 50-day average daily volume for JA Solar is 9.81 million, according to the
. JA Solar shares finished at $4.66 Wednesday and were up more than 7% in early trading.
may also trade higher after the company said the Food and Drug Administration has accepted the new drug application filing for AZ-004, which is being developed for the rapid treatment of agitation in schizophrenic or bipolar disorder patients. Alexza has indicated a Prescription Drug User Fee Act goal date of Oct. 11. On Wednesday, Alexza shares fell after Biovail said it has entered into a license and collaboration agreement with Alexza for AZ-004. The 50-day average daily volume for Alexza Pharma is 133,000. Shares closed Wednesday's session at $2.62.
should trade lower Thursday after the networking equipment maker said it earned 46 million euros ($63.4 million) in the fourth quarter as revenue fell almost 20% to 3.97 billion euros. Alcatel said it was "too early to have a firm view on the extent of margin expansion," and the company cut its adjusted operating profit for 2010 to a range of 1% to 5%, as opposed to the 5% it had previously forecasted. The three-month average daily volume for Alcatel-Lucent is 13.39 million, according to Yahoo! Finance. Alcatel shares were down 6.9% in the premarket session after closing at $3.18 Wednesday.
should see increased volume after the medical device maker reported a fourth-quarter adjusted profit of a penny a share on revenue of $18.7 million. That was below a single analyst estimate for a profit of 3 cents a share on revenue of $19.5 million. The three-month average daily volume for is 86,000. Shares ended Wednesday's session at $1.25.
-- Written by Robert Holmes in Boston
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