LaBranche, Rosetta Genomics: Early Volume Plays - TheStreet



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


( LAB) surged by 36% to $3.78 in Thursday's premarket session after the company said late Wednesday that it will sell its

New York Stock Exchange

designated market maker (DMM) business to


(BCS) - Get Report

for $25 million. As a result, Labranche will no longer have a $76 million net capital requirement related to the DMM operations. Additionally, Labranche approved a redemption of all its remaining outstanding 11% senior notes due 2012, and it said it will increase its share repurchase authorization from $23.4 million remaining under the current authorization to $100 million. The three-month average daily volume for Labranche is 410,000, according to Yahoo! Finance.

Rosetta Genomics


should open nearly 30% lower after the company said late Wednesday that it would raise $5.1 million in a registered direct offering of units consisting of one ordinary share and a warrant to purchase one half of an ordinary share for a purchase price of $2. The 50-day average daily volume for Rosetta Genomics is 47,000, according to the


. The stock had jumped 67% to $3.09 during Wednesday's session before details of the offering were announced.



should slide during Thursday's session after the company announced several management departures late Wednesday. CEO and board member Neal Goldberg, Chief Stores Officer William Acevedo, and Chief Merchandising Officer Mary Kwan have left the company effective immediately. President Theo Killion has been appointed interim CEO and he will assume initial responsibility for all store operations. The three-month average daily volume for Zale is 1.2 million. Zale shares closed at $3.23 Wednesday before falling nearly 9% in the after-hours session.


(RNWK) - Get Report

should open higher Thursday after the company said late Wednesday that Rob Glaser has stepped down as CEO. He will remain chairman of RealNetworks, the company said. RealNetworks also announced the appointment of Robert Kimball as president and acting CEO. The management change comes one day after COO John Giamatteo said that he will resign from the company effective April 2. The 50-day average daily volume for RealNetworks is 553,000 shares. The stock finished at $3.86 Wednesday.

-- Written by Robert Holmes in Boston


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