NEW YORK (
) -- Several stocks trading near $5 were poised to move on above-average volume during Monday's session.
( BFRM) surged by $2.07, or 60.9%, to $5.47 in the premarket session after the company said it has agreed to be acquired by privately held
of Frankfurt for $5.45 a share in cash, of a total of $253 million. Premarket share volume was nearly 2 million, compared to the 50-day average daily volume of 75,000 shares.
jumped by 66 cents, or 15%, to $5.06 in the premarket session after the company said it has formed a strategic alliance with a joint venture of
China National Offshore Oil Corporation
and China Potevio, as well as Tianneng Power International, aimed at speeding up the commercialization and achieving mass adoption of Pure Electronic Vehicles in China. The 50-day average daily volume for Kandi is 286,000.
rose by 36 cents, or 17.6%, to $2.41 in the premarket session after the company said fourth-quarter revenue jumped 37% to $9.2 million, exceeding the lone analyst target of $9 million. Digital Ally added that it returned to net profitability in the third quarter and expects to report a further improvement in fourth-quarter earnings. The 50-day average daily volume for Digital Ally is 85,000.
gained 42 cents, or 11.4%, to $4.10 in the premarket session after the company late Thursday said in a regulatory filing that through the first six months of 2009, revenue fell 12.7% from a year ago to $21.9 million while its net loss fell to $2.1 million from $5.1 million a year earlier. The 50-day average daily volume for is 9,400.
Earlier at 7:35 a.m. EST
shares were set to trade lower after the company late Thursday offered a disappointing year-end update on its operations. Flotek said it does "not expect meaningful growth in this business until mid-2010. Weather and holidays also impact this business line." The three-month average daily volume for Flotek is 571,000, according to Yahoo! Finance. The stock closed Thursday at $1.34.
shares jumped 7.4% to $5.21 in the premarket session in the absence of any company-specific news. Last week, Compugen rallied after it completed a $20 million offering of 4.1 ordinary million shares at weighted average price of $4.91 per share. The 50-day average daily volume for Compugen is 1.41 million, according to the
Morton's Restaurant Group
could trade higher Monday after Piper Jaffray analysts upgraded the stocks to underweight from neutral, citing improved corporate travel and stabilizing same-store sales. Morton's closed Thursday at $2.91, and Ruth's ended the week at $2.09. The three-month daily average volume for Morton's is 88,500, while the 50-day average daily volume for Ruth's is 291,000 shares.
( WEBM) said it has acquired social-media tradeshow company
from Charles Edward Hudson as well as several new tradeshows to be launched in 2010. Terms of the acquisition were not disclosed. The 50-day average daily volume for is 137,000 shares. The stock dropped 11.1% on Thursday to close at 88 cents.
-- Written by Robert Holmes in Boston
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