Early Volume Plays Among Those Valued Below $10 (BSMD, TOPS, HAUP, BBI)

Some of the stocks that are valued below $10 and have the potential to become one of the high volume movers in the early trading hours are: Shares of BioSphere Medical BSMD surged by 42.67% to $4.28 in the pre-market session on the news of Merit Medical MMSI acquiring the firm for $4.38 a share in a $96 million cash deal. BSMD’s 50-day average daily volume is 28,000. TOP Ships TOPS climbed 8.33% to $1.30 in the pre-market hours, despite missing the analyst estimates. While TOPS had posted $0.03 a share of profit on revenue of $23.1 million, analysts expected $0.14 a share of profit on revenue of $25 million. TOPS has a 50-day average daily volume of 62,000. Hauppauge Digital HAUP, the world's leading developer and manufacturer of TV tuner products for personal computers, today launched live TV support for Apple’s AAPL iPad, iPhone and iPod touch. By 9:38 am, the stock had climbed 35.31% to $4.10. The 50-day average daily volume for Hauppauge is 90,000. Blockbuster BBI posted a Q1 loss of $0.33 a share on revenue of $939.4 million, above the analyst average expectations for a loss of $0.14 a share on revenue of $933.3 million. Shares of the video rental chain surged 15% yesterday before falling 20.02% to $0.40 by 9:48 am today. BBI’s three-month average daily volume is 10.85 million. Read more from Benzinga's Markets.