NEW YORK (
was one of several stocks trading near $5 were moving on above-average volume Wednesday following a ruling by the U.S. Patent and Trademark Office against the digital video recorder maker.
shares tumbled after the U.S. Patent and Trademark Office ruled Tuesday in favor of
in a patent claim case where TiVo claimed both companies infringed on its "time warp" patent.
TiVo shares slid by 47 cents, or 6.2%, to $7.22, extending Tuesday's 5.5% decline. Volume topped 6.11 million shares, compared to the 50-day average daily volume of 5.43 million, according to the
( CERP) rallied by 87 cents, or 21.5%, to $4.92 after the bioplastics manufacturer said it expects to ship 16 million pounds of bio-plastic resins in 2010, quadrupling year-ago shipments. Volume topped 295,000 shares, compared to the average daily volume of 32,000.
jumped by 52 cents, or 12%, to $4.86 after the company extended its debt-exchange offer by one day to June 9. American Capital needs approval from 85% of its noteholders for its plan to restructure debt, although only 14% of participating noteholders supported the company's plan. Volume topped 8.16 million shares, compared to the 50-day average daily volume of 9.63 million.
( ABK) plunged by 36 cents, or 33.6%, to 71 cents after the bond insurer said in a regulatory filing that it may seek a negotiated restructuring through a prepackaged bankruptcy.
In addition, senior debtholders of the company have formed a committee to nudge
reports, citing people familiar with the matter. Volume topped 54 million shares, compared to the three-month average daily volume of 55.46 million, according to Yahoo! Finance.
-- Written by Robert Holmes in Boston
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