NEW YORK (
) -- Several stocks trading near $5 were poised to move on above-average volume during Monday's session.
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
Check out all of Monday's high-volume, under-$5 stocks at the Dollar Store
Follow Robert Holmes on
and become a fan of TheStreet.com on