Russell high into midday; ANL, AHD, and THMD lead gainers
Small-cap stocks extended the morning rally into midday trading, boosted by surging commodity stocks, which more than offset sloppy action among financial shares. Some of today’s small-cap gainers are American Land Lease Inc (NYSE:ANL), Atlas Pipeline Holdings LP (NYSE:AHD) and Thermadyne Holdings Corp. (Nasdaq:THMD).
Other Market Watch highlights today included:
• Copper, a key indicator of economic growth, mounted a bounce today, climbing nearly 4% in U.S. trading.
• The bounce in crude oil prices helped lift energy stocks, with the Energy Select Sector SPDR Fund up 4.8%.
• Crude oil prices jumped nearly $2.50 a barrel into mid-session despite a rise on weeKly inventory data.
• The top-performing sectors were dominated by commodities: coal, gold, oil and gas drillers, aluminum, metal and mining shares are all up.
Small Cap Gainers:
• American Land Lease Inc. is up 221% as the real estate investment trust agreed to a buyout for $14.20 a share, a 264% premium to Tuesday’s closing price. See (NYSE:ANL).
• Atlas Pipeline Holdings LP jumped 43% and appears set to close above the 20-day moving average for the first time since late September. See (NYSE:AHD).
• Thermadyne Holdings Corp. surged 26% as the metal cutting and welding product maker benefited from the commodity rally. See (Nasdaq:THMD).
• Brinker International Inc. rose 18% as the operator of Chili’s, Macaroni Grill and other restaurants continues to climb off the November lows. See (NYSE:EAT).
Small Cap Losers:
• NOVA Chemicals Corp. is off 12%, setting fresh 52-week lows a day after the Canadian plastics manufacturer announced that the CEO would retire next spring. See (NYSE:NCX).
• ADC Telecommunications Inc. tumbled 15% after releasing quarterly results. See (Nasdaq:ADCT).
• Arena down 12% in pre-market after insomnia drug candidate fails in study. See (Nasdaq:ARNA).
• Metalico files shelf registration, shares down 2% in after hours. See (NYSE:MEA).
Other Market Watch highlights today included:
• Copper, a key indicator of economic growth, mounted a bounce today, climbing nearly 4% in U.S. trading.
• The bounce in crude oil prices helped lift energy stocks, with the Energy Select Sector SPDR Fund up 4.8%.
• Crude oil prices jumped nearly $2.50 a barrel into mid-session despite a rise on weeKly inventory data.
• The top-performing sectors were dominated by commodities: coal, gold, oil and gas drillers, aluminum, metal and mining shares are all up.
Small Cap Gainers:
• American Land Lease Inc. is up 221% as the real estate investment trust agreed to a buyout for $14.20 a share, a 264% premium to Tuesday’s closing price. See (NYSE:ANL).
• Atlas Pipeline Holdings LP jumped 43% and appears set to close above the 20-day moving average for the first time since late September. See (NYSE:AHD).
• Thermadyne Holdings Corp. surged 26% as the metal cutting and welding product maker benefited from the commodity rally. See (Nasdaq:THMD).
• Brinker International Inc. rose 18% as the operator of Chili’s, Macaroni Grill and other restaurants continues to climb off the November lows. See (NYSE:EAT).
Small Cap Losers:
• NOVA Chemicals Corp. is off 12%, setting fresh 52-week lows a day after the Canadian plastics manufacturer announced that the CEO would retire next spring. See (NYSE:NCX).
• ADC Telecommunications Inc. tumbled 15% after releasing quarterly results. See (Nasdaq:ADCT).
• Arena down 12% in pre-market after insomnia drug candidate fails in study. See (Nasdaq:ARNA).
• Metalico files shelf registration, shares down 2% in after hours. See (NYSE:MEA).
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