NEW YORK (
) -- Several stocks trading near $5 were moving on above-average volume during Monday's session.
gained 25 cents, or 4.1%, to $6.38 after the company's CEO Michael Narachi appeared on
before the 12th annual BIO CEO conference in New York. Narachi said during the interview that Orexigen is on track to file a new drug application for its obesity drug in the first half of the year. Volume topped 1.07 million shares, compared to the 50-day average daily volume of 623,000, according to the
( TONE) fell by 12 cents, or 15.5%, to 65 cents after the bank holding company late Friday in a thrift financial report that the minimum core capital ratio, as of Dec. 31, was approximately 3.28%, which is below the elevated ratio of 8.50% required by the supervisory agreement as well as the 5% regulatory core capital ratio normally required to be deemed "well capitalized." Volume topped 329,000 shares, compared to the 50-day average daily volume of 224,000.
tumbled by 11 cents, or 9.1%, to $1.13 after the dry bulk transportation company said it has terminated the intended acquisition of a 2009 Capesize vessel. On Jan. 29, Seanergy announced a $30 million common stock offering, with the proceeds to be used for the vessel purchase. Instead, Seanergy said the net proceeds of the offering, which are currently held in an interest-bearing bank account, to expand our fleet. Volume topped 2.09 million shares, compared to the 50-day average daily volume of 230,000.
( BGP) jumped by 15 cents, or 12.6%, to $1.31 in the absence of any company-specific news. Last week, Borders surged after billionaire investor
of Pershing Square Capital said that a Borders bankruptcy was "a low probability event" during an interview with
. Volume topped 3.52 million shares, compared to the three-month average daily volume of 1.86 million, according to Yahoo! Finance.
-- Written by Robert Holmes in Boston
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