Small-cap stocks continue in downdraft; TTGT, SNMX, and RTLX lead gainers
Small-cap stocks opened lower, quickly recouped the losses but then resumed the downdraft in whipsaw trading, as the market tried to shrug off overseas declines. A fresh batch of economic data on housing starts, consumer inflation and mortgage applications was predictably awful, but not a surprise. Today’s small-cap gainers are TechTarget (Nasdaq:TTGT), Senomyx Inc. (Nasdaq:SNMX) and Retalix Limited. (Nasdaq:RTLX).
Other Market Watch highlights today included:
• Auto executives will be in Washington again today to lobby for aid, in an issue that has been contentious from a political standpoint.
• The U.S. dollar was down 1% against the euro, which provided some support to the commodities sector.
• Commodity markets began to rise off the overnight lows ahead of the stock market open, which helped limit initial losses for equities.
• Single-family housing starts tumbled to the lowest level in 27 years.
Small Cap Gainers:
• TechTarget climbing 16% following a rise in the company's Q3 online revenue reported last week. See (Nasdaq:TTGT).
• Senomyx Inc. up over 18% on lower-than-average volume. See (Nasdaq:SNMX).
• Retalix Limited up 12% on light volume this morning, following earnings results earlier this week that showed a decline in Q3 profit, prompting small cap to cut guidance. See (Nasdaq:RTLX).
• Shares of Pan American Silver Corp. are up 10% analysts cut the company's price target to $19 from $36 on Monday. See (Nasdaq:PAAS).
Small Cap Losers:
• General Motors says European Opel Brand not for sale; shares are down 15.2%. See (NYSE:GM).
• Genesco Inc. tumbled 11% as the specialty retailer reported earnings and revised guidance. See (NYSE:GCO).
• Arbitron Inc. is down 10% as the media and marketing research firm tumbled to fresh 52-week lows. See (NYSE:ARB).
• JA Solar down 3% in pre-market on very light volume. The small cap is hovering near its 52-week low of $2.01; its 52-week high is $27. See (Nasdaq:JASO).
Other Market Watch highlights today included:
• Auto executives will be in Washington again today to lobby for aid, in an issue that has been contentious from a political standpoint.
• The U.S. dollar was down 1% against the euro, which provided some support to the commodities sector.
• Commodity markets began to rise off the overnight lows ahead of the stock market open, which helped limit initial losses for equities.
• Single-family housing starts tumbled to the lowest level in 27 years.
Small Cap Gainers:
• TechTarget climbing 16% following a rise in the company's Q3 online revenue reported last week. See (Nasdaq:TTGT).
• Senomyx Inc. up over 18% on lower-than-average volume. See (Nasdaq:SNMX).
• Retalix Limited up 12% on light volume this morning, following earnings results earlier this week that showed a decline in Q3 profit, prompting small cap to cut guidance. See (Nasdaq:RTLX).
• Shares of Pan American Silver Corp. are up 10% analysts cut the company's price target to $19 from $36 on Monday. See (Nasdaq:PAAS).
Small Cap Losers:
• General Motors says European Opel Brand not for sale; shares are down 15.2%. See (NYSE:GM).
• Genesco Inc. tumbled 11% as the specialty retailer reported earnings and revised guidance. See (NYSE:GCO).
• Arbitron Inc. is down 10% as the media and marketing research firm tumbled to fresh 52-week lows. See (NYSE:ARB).
• JA Solar down 3% in pre-market on very light volume. The small cap is hovering near its 52-week low of $2.01; its 52-week high is $27. See (Nasdaq:JASO).
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