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Biggest small-cap gainers and losers in Wednesday's trading

Will Atkinson  |  May 07, 2008 4:31pm EDT  |  User Rating N/A

Here are Wednesday’s biggest percentage gainers and losers, along with top volume leaders, among companies with a market cap between $50 million and $750 million:

Biggest percentage gainers:

Chelsea Therapeutics International Ltd. (Nasdaq:CHTP), up 17.6% to $6 after the Charlotte, N.C.-based pharmaceutical firm announced it will release first-quarter results on May 13 before the market opens.

Mediacom Communications Corp. (Nasdaq:MCCC), up 16.4% to $5.31 after the cable television operator reported early Wednesday that its first-quarter loss widened to $30.6 million, or $0.31 per share, down 81% from $16.9 million, or $0.15 per share, a year earlier. Wall Street analysts, on average, expected a loss of $0.07 per share. Revenue for the three months ended March 31 rose 10% to $339.7 million from $307.9 million in the same quarter last year. Wall Street anticipated $332.8 million.

Camco Financial Corp. (Nasdaq:CAFI), up 16% to $11.54 after the Cambridge, Ohio-based financial holding company reported early Wednesday that it is being acquired by Warren, Ohio-based First Place Financial Corp. (Nasdaq: FPFC). Under the terms of the deal, Camco shareholders will get either $13.58 in cash or 0.97 shares of First Place common stock for each share of Camco common stock. The estimated value of the deal is $97.2 million, which uses a $14 market price for First Place common stock. 


Biggest percentage losers:

Synchronoss Technologies, Inc. (Nasdaq:SNCR), down 43.1% to $13.04 after the Bridgewater, N.J.-based communications software maker forecasted second-quarter earnings in the range of $0.10 to $0.11 per share. Wall Street analysts expect earnings of $0.19 per share. Synchronoss gets paid for each iPhone activated with a carrier that officially provides service for the device. The firm said late Tuesday that the practice of “unlocking” iPhones – which does not provide the company with revenue – is a significant problem.

Kenneth Cole Productions (NYSE:KCP), down 21.6% to $14.39 after the New York City-based apparel and accessories maker forecasted a loss for the second quarter. Wall Street analysts expect earnings of $0.08 per share.



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