Tag - :CRYP

Rackspace Hosting Inc. (Nasdaq:RAX), Savannah Bancorp Inc. (Nasdaq:SAVB) and Federal Mogul Corp. (Nasdaq:FDML) are among the biggest percentage gainers in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: CryptoLogic Ltd. (Nasdaq:CRYP), Emergent BioSolutions Inc. (Nasdaq:EBS), hhgregg Inc. (Nasdaq:HGG), Perfect World Co Ltd. (Nasdaq:PWRD), Oppenheimer Holdings Inc. (Nasdaq:OPY) and Medallion Financial Corp. (Nasdaq:TAXI).

Small-cap stocks jumped higher on the opening, bolstered by investor hope that yet another government cash infusion into Bank of America will stabilize a shaky situation in the financial arena. Bank stocks, mining companies, chipmakers and automobile manufacturers were up in overseas action, setting the stage for an extension of the bounce in U.S. markets Thursday afternoon. Some of today’s small-cap gainers were American Vanguard Corp.  (NYSE:AVD), Cryptologic (Nasdaq:CRYP) and Red Robin Gourmet Burgers (Nasdaq:RRGB).

Other Market Watch highlights today included:

• The yield on benchmark 10-year notes was up 8% early on, climbing back to 2.37% after slipping below 2.2% Thursday.   South Africa, a major exporter of commodity goods, saw their stock market upgraded this morning by Morgan Stanley analysts.  
• Shortly after the open, the greenback was down about 1.4% against the euro, which should help not only crude oil, but a host of commodity markets.  
• Crude oil was lower in European trading ahead of the stock market open, but rallied about $1 a barrel by the opening. 

Small Cap Gainers:

• American Vanguard Corp. will move into the S&P SmallCap 600 index; the agriculture products company rallied 12% on the news. See (NYSE:AVD).  
• Cryptologic up 6% in pre-market after announcing it will outsource its online poker network by end Q1 2009. See (Nasdaq:CRYP). 
• Red Robin Gourmet Burgers up 3.4%, paring some of the dramatics losses the stock saw on Thursday. See (Nasdaq:RRGB).
• Synchronoss Technologies up 2.2% ahead of its Q4 and fully year 2008 earnings release on Feb. 5. See (Nasdaq:SNCR).  

Small Cap Losers:

• Belden Inc. was off 12%, fueled by news that the electronics maker updated the outlook. See (NYSE:BDC).  
• Elizabeth Arden Inc. tumbled 13% as preliminary quarterly results were below expectations and the beauty products firm slashed the outlook for the upcoming quarter. See (Nasdaq:RDEN).  
• Rochester Medical drops 9% after reaching a settlement with Tyco Healthcare Group. See (Nasdaq:ROCM).  
• Meridian Bioscience, Inc. falls 10% in pre-market after issuing Q1 2009 guidance below analysts' expectations. See (Nasdaq:VIVO).

Small-cap stocks staged an impressive bullish reversal Thursday, rejecting a morning slide to five-week lows as a rally in retail and chipmaker stocks plotted an afternoon recovery course for stocks in general. Today's small-cap gainers were Cypress Bioscience (Nasdaq:CYPB), CryptoLogic (Nasdaq:CRYP) and Javelin Pharmaceuticals (AMEX:JAV).

Other Market Watch highlights included:

• The weekly claims report came in at 524,000, which was near the projection of 520,000.
• The PPI number was at minus 1.9%, also reasonably close to the consensus guess of minus 2.0%.
• The NY Manufacturing survey was at -22, slightly better than the forecast of -25.
• Talk of another large government money float to embattled banks also played a role in turning the selling tide.
• House Dems released plans for an $825B stimulus plan, the Senate was slated to vote on the $350B in TARP funding this afternoon.
• Even as the market was sinking through midday trading today, retail stocks were hanging tough, suggesting that investors were scouting for buying opportunities.
• Mortgage rates on 30-year fixed loans hit record lows this week and mortgage applications have tripled in less than two months.
• Crude oil prices took another hit today, sinking 5%, or $1.88, a barrel to $35.40.

Small-Cap Gainers:

• Forest Labs and Cypress Bioscience announce FDA approval for Savella; Cypress shares closed up 33%. See (CYPB).
• CryptoLogic closed up 18.3% after reporting that Q4 trading is in line with expectations. See (CRYP).  
• Javelin Pharmaceuticals Inc. rallied 7% on a volume spike amid news that the firm signed a $71 million deal for a European marketing partnership. See (JAV).

Small-Cap Losers:

• Marshall & Ilsley closed down 26% after falling to a Q4 loss of $403.9M, cutting 850 jobs. See (MI).
• Liberty Shipping withdraws offer for International Shipholding Corporation; ISH shares fell 26%. See (ISH).
• Red Robin Gourmet Burgers Inc. closed down 13% and has been sinking fast the last several sessions. See (RRGB). 
  

Small-cap stocks opened flat, but pushed lower amid concerns about banking stocks, which rekindles fears of the credit crunch. In addition, tech stocks were soft, which played into the selling tone.  Some of today’s small-cap gainers were CryptoLogic (Nasdaq:CRYP), Clarcor Inc. (NYSE:CLC) and Nuance (Nasdaq:NUAN).

Other Market Watch highlights today included:

• Crude oil prices tumbled some $0.90 a barrel ahead of the U.S. stock market open, which was a reversal in trend from modest gains seen in European trading.  
• Compared to 2006, foreclosure filings were up 225%.  
• RealtyTrac reported that foreclosures soared 41% in December versus year-ago levels and for the year foreclosure filings were up 81%.
• Technology shares were in retreat mode overnight, but opened up much better than feared.

Small Cap Gainers:

• CryptoLogic up 22% in pre-market after reporting that Q4 trading is in line with expectations. See (Nasdaq:CRYP).
• Clarcor Inc. is up 9%, getting an earnings-related lift. See (NYSE:CLC).  
• Warburg Pincus to purchase $175 million in Nuance common stock; Nuance shares climb over 8% in pre-market. See (Nasdaq:NUAN).  
• American Science and Engineering up 5% in pre-market after receiving $67.1 million U.S. government order for ZBV military trailers. See (Nasdaq:ASEI). 

Small Cap Losers:

• ArthroCare Corp. gapped lower and tumbled nearly 37% amid news that the surgical product maker will be de-listed from the Nasdaq exchange. See (Nasdaq:ARTC). 
• Trimble cuts Q4 revenue outlook; shares fall 15% in pre-market. See (Nasdaq:TRMB).
• Cynsosure Inc. gapped lower and fell 13% as the maker of medical treatment systems for aesthetic procedures released preliminary results. See (Nasdaq:CYNO).   
• Red Robin Gourmet Burgers Inc. is down 12% and has been sinking fast the last several sessions. See (Nasdaq:RRGB).

Synutra International Inc. (Nasdaq:SYUT), Federal Agricultural Mortgage Corp. (Nasdaq:AGM) and Targacept Inc. (Nasdaq:TRGT) are among the new 52-week lows in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: HMN Financial Inc. (Nasdaq:HMNF), Martin Midstream Partners L.P. (Nasdaq:MMLP), CryptoLogic Ltd. (Nasdaq:CRYP), and Elbit Imaging Ltd. (Nasdaq:EMITF).

Here are the new 52-week lows among small caps:

Royal Bank Pennsylvania (Nasdaq:RBPAA), CryptoLogic Ltd. (Nasdaq:CRYP) and Reddy Ice Holdings Inc. (Nasdaq:FRZ) are among the new 52-week lows in Thursday's trading among companies with market capitalizations under $1 billion.   

Also included among the results: China East Air (Nasdaq:CEA), Bancorp Bank (Nasdaq:TBBK), Physicians Formula Holdings Inc. (Nasdaq:FACE), Radiant Systems Inc. (Nasdaq:RADS), HMN Financial Inc. (Nasdaq:HMNF) and ExlService Holdings Inc. (Nasdaq:EXLS).        

Here are the new 52-week lows among small caps: 

Comverge Inc (Nasdaq:COMV), China East Air Depository Receipt (Nasdaq:CEA) and China Southern Airlines ADR Each representing 50 H Ord Shs (Nasdaq:ZNH) are among the new 52-week lows in Tuesday's trading among companies with market capitalizations under $1 billion.           

Also included among the results: Horsehead Holding Corp (Nasdaq:ZINC), CryptoLogic Ltd (Nasdaq:CRYP), Physicians Formula Holdings Inc (Nasdaq:FACE), Jeffersonville Bancorp (Nasdaq:JFBC), Strattec Security Corp (Nasdaq:STRT) and Greater China Fund Inc (Nasdaq:GCH).  

Here are the new 52-week lows among small caps:     

China East Air Depository Receipt (Nasdaq:CEA), Britannia Bulk Holdings Inc (Nasdaq:DWT) and China Southern Airlines (Nasdaq:ZNH) are among the new 52-week lows in Monday's trading among companies with market capitalizations under $1 billion.      

Also included among the results: Guidance Software Inc. (Nasdaq:GUID), FPB Bancorp Inc. (Nasdaq:FPBI), LNB Bancorp Inc. (Nasdaq:LNBB), First Keystone Financial Inc. (Nasdaq:FKFS), CryptoLogic Ltd. (Nasdaq:CRYP) and Strattec Security Corp. (Nasdaq:STRT).         

Here are the new 52-week lows among small caps:  

Harris Stratex Networks Inc (Nasdaq:HSTX), Deluxe Corp (Nasdaq:DLX) and CryptoLogic Ltd (Nasdaq:CRYP) are among the new 52-week lows in Thursday's trading among companies with market capitalizations under $1 billion.

Also included among the results: AuthenTec Inc (Nasdaq:AUTH), Shutterfly Inc (Nasdaq:SFLY), Stratasys Inc (Nasdaq:SSYS), Rubicon Technology Inc (Nasdaq:RBCN), Online Resources Corp (Nasdaq:ORCC) and Ohio Valley Banc Corp (Nasdaq:OVBC).

Here are the new 52-week lows among small caps:

Gencor Industries Inc (Nasdaq:GENC), Cheniere Energy Partners L P (Nasdaq:CQP) and TigerLogic Corp (Nasdaq:TIGR) are among the biggest percentage losers in Monday's trading among companies with market capitalizations under $750 million.

CryptoLogic Ltd (Nasdaq:CRYP), National Dentex Corp (Nasdaq:NADX) and Great Southern Bancorp Inc (Nasdaq:GSBC) are also among the biggest percentage losers.

Here are the biggest percentage losers among small caps:

Stocks continued their assent midday, as oil slipped, the greenback gained and investors shrugged off lackluster earnings news from bond insurer MBIA.

At 12:49 p.m. ET the Russell 2000 (NYSE:IWM) was up 1.34%, or 9.63, to 729.68 while the Dow had gained 0.79%, or 100.79, to 12,846.67.

Oil futures continued to slide midday as investors locked in gains from last week. A crude oil contract for the month of June was off roughly $1.21 midday to $124.75, down from the $126 level breached last week.

As oil futures sold off, the dollar rallied against other major currencies, quelling inflation concerns.

Just this morning Chicago Fed President Charles Evans said that housing was still a drag on the economy, and that growth risks were to the downside, but inflation risk was on the upside. Evans also said that U.S. growth should improve in the second half of the year, but that tight credit markets would crimp near-term GDP.

In corporate news, the financial sector is making headlines today. Investors shrugged off MBIA’s (NYSE:MBI) first-quarter results, as the bond insurer swung to a first-quarter loss on account of $3.58 billion unrealized loss on insured derivatives. Shares rallied.

These are the biggest percentage losers among companies with market capitalizations under $500 million:

These are the biggest percentage losers among companies with market capitalizations under $500 million: