I.D. Systems, Cyclacel Pharma: Early Volume Plays - TheStreet

I.D. Systems, Cyclacel Pharma: Early Volume Plays

Several stocks trading near $5 were poised to move on above-average volume during Friday's session.
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NEW YORK (

TheStreet

) -- Several stocks trading near $5 were poised to move on above-average volume during Friday's session.

I.D. Systems

(IDSY)

is expected to trade higher Friday after the company said it has acquired the Asset Intelligence business unit of

General Electric

(GE) - Get Report

, for $15 million in cash, with an additional cash consideration of up to $2 million payable upon the achievement of certain performance milestones. The 50-day average daily volume for I.D. Systems is 30,000, according to the

Nasdaq

.

Cyclacel Pharmaceuticals

(CYCC) - Get Report

continued to rally after. On Thursday, the stock surged 152% after

Cyclacel

said two peer-reviewed journal articles showed that the company's seliciclib drug candidate was found effective against lung cancer cell lines, including K-RAS protein mutations. The 50-day average daily volume for Cyclacel is 1.95 million shares.

Nu Horizons Electronics

(NUHC)

shares were indicated higher after the company late Thursday posted a third-quarter profit of 4 cents a share, coming in well ahead of the lone analyst estimate of a penny a share, according to Thomson Reuters. The 50-day average daily volume for Nu Horizons is 45,000.

Synta Pharmaceuticals

(SNTA)

traded lower in Thursday's after-market session following its announcement it is planning a common stock offering of 4 million shares. The company said the offering would price Friday before the start of trading. The 50-day average daily volume for Synta is 114,000 shares.

Lawson Software

(LWSN)

was set to trade down Friday after posting fiscal second-quarter results. Although the company met earnings targets and exceeded expectations with revenue in the quarter, Lawson disappointed with weak earnings guidance for its fiscal third quarter. The company expects adjusted earnings to fall between 7 cents and 9 cents a share, below the Thomson Reuters average estimate of 10 cents a share. The 50-day average daily volume for Lawson is 997,000.

-- Written by Robert Holmes in Boston

.

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