Novavax, AMD: Early Volume Plays
NEW YORK (
) -- Several small- to mid-cap stocks were poised to move on above-average volume during Wednesday's session
RF Micro Devices
(RFMD)
jumped by 24 cents, or 6%, to $4.26 in the premarket session after the company late Tuesday reported a profit of 13 cents a share, excluding items, coming in a nickel better than the Thomson Reuters average estimate. The three-month average daily volume for RF Micro is 8.5 million, according to Yahoo! Finance.
Qwest
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jumped by 14 cents, or 4.1%, to $3.59in the premarket session after the company posted third-quarter earnings of $136 million, or 8 cents a share, down slightly from a year ago. Excluding items, Qwest had a profit of 9 cents a share, beating the Thomson Reuters average estimate by two cents. The three-month average daily volume for Qwest is 23.3 million, according to Yahoo! Finance.
Novavax
(NVAX) - Get Free Report
rose by 8 cents, or 1.9%, to $4.38in the premarket session after the company said CPL Biologicals, the new joint venture with Cadila Pharmaceuticals in India, has begun construction of a manufacturing facility that will be used to produce pandemic and seasonal influenza vaccines. The facility is expected to be operational within four months and should be capable of producing over 60 million doses annually at full capacity, the company said. The three-month average daily volume for Novavax is 8.2 million, according to Yahoo! Finance.
Advanced Micro Devices
(AMD) - Get Free Report
fell by 16 cents, or 3.1%, to $4.99 in the premarket session after reports that former chairman and CEO Hector Ruiz was the executive who gave confidential information to Danielle Chiesi, who was part of the insider trading ring involving hedge fund
Galleon Group
. The three-month average daily volume for AMD is 27.5 million, according to Yahoo! Finance.
-- Written by Robert Holmes in New York
.
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