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Wendy's/Arby's, Mad Catz: Early Volume Plays

Several stocks trading near $5, including Wendy's/Arby's, were poised to move on above-average volume Friday.



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Wendy's/Arby's Group

(WEN) - Get Report

was one of several stocks trading near $5 poised to move on above-average volume Friday after the company's largest shareholder said it has received an M&A inquiry.


traded higher after Trian Fund Management, the investment firm headed by Nelson Peltz, said in a regulatory filing that it has received an oral inquiry from a third party expressing interest on a preliminary basis in a potential acquisition involving Wendy's/Arby's Group.

"In light of this inquiry, the filing persons are considering this inquiry as well as their alternatives with respect to their investment in the company, including the possibility of proposing an acquisition transaction involving the company," Trian said in the filing with the

Securities and Exchange Commission


Wendy's/Arby's shares surged by 45 cents, or 10.4%, to $4.79 in the premarket session. The three-month average daily share volume for Wendy's/Arby's is 5.8 million, according to Yahoo! Finance.


Mad Catz Interactive


shares were poised to rally after the video-game accessories maker swung to a fiscal fourth-quarter profit of 2 cents a share, compared with a year-ago loss of 7 cents a shares. Sales rose 15.4% to $26.3 million, the company said. The three-month average daily volume for Mad Catz is 151,000.

Exide Technologies


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jumped by 43 cents, or 8%, to $5.82 in the premarket session after the stored electrical energy solutions company announced a new licensing agreement with


(HON) - Get Report

consumer products group to use the Autolite trademark on batteries for automotive, lawn and garden, marine and power-sports applications.

Last week,

Exide Technologies

shares surged after the company posted a first-quarter adjusted profit of 49 cents a share on revenue of $714.7 million, above the Thomson Reuters average estimate. The 50-day average daily volume for Exide is 889,000, according to the





rose by 31 cents, or 5.2%, to $6.25 in the premarket session after Auriga analysts upgraded the stock to buy from hold with a price target of $9. The firm cited Sequenom's "more clearly defined path to commercialization" of its non-invasive prenatal diagnostic test for Trisomy 21. The 50-day average daily volume for Sequenom is 3.91 million.

-- Written by Robert Holmes in Boston


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