Early Volume Plays Among Those Valued Below $10 (ABK, QADI, RSO, APPA)

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: Ambac Financial ABK lost 11% to $1.30 in the pre-market session after the bond insurer reported a wider Q1 net loss of $690 million, or $2.39 a share, as compared to a loss of $392 million, or $1.36 a share in the year ago period. ABK’s three-month average daily volume is 51.8 million. QAD Inc QADI shares tumbled 8.2% to $5.24 in the pre-market session, after the enterprise software company announced disappointing fiscal Q1 outlook. The company said that it is expecting a loss of $0.04-$0.05 a share on revenue of $50-$51 million, while the consensus expected earnings of $0.06 a share on revenue of $52.5 million. CEO Karl Lopker said, "Although we did not meet our revenue expectations during our first quarter, we are seeing increased activity at our manufacturing customers, although capacity utilization is still below pre-recession levels." QADI has a 50-day average daily volume of 43,000. Resource Capital RSO announced late yesterday that it is about to offer about $80 million in a public offering. Following the news, the stock shed 8.5% to $6.15 in the pre-market session. RSO’s three-month average daily volume is 708,000. AP Pharma APPA posted a Q1 loss of $0.01 a share, as compared to a year-ago loss of $0.10 a share. The stock slipped 8.7%, to $0.82 after the news. APPA has a 50-day average daily volume of 1.35 million. Read more from Benzinga's Markets.