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Claire Caldwell

Rambus, Omrix Biopharmaceuticals and James River Coal lead small-cap volume in pre-market

Rambus Inc. (Nasdaq:RMBS), Omrix Biopharmaceuticals Inc. (Nasdaq:OMRI) and James River Coal Co. (Nasdaq:JRCC) are among the most actively traded companies in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Silver Standard Resources Inc. (Nasdaq:SSRI), Progenics Pharmaceuticals Inc. (Nasdaq:PGNX), Verigy Ltd. (Nasdaq:VRGY), OmniVision Technologies Inc. (Nasdaq:OVTI), Telvent GIT (Nasdaq:TLVT) and Fred's Inc. (Nasdaq:FRED).
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Wyatt Research Staff

Iconix Brand Group, Salix Pharmaceuticals and Human Genome Sciences most actively traded companies

Iconix Brand Group Inc. (Nasdaq:ICON), Salix Pharmaceuticals Ltd. (Nasdaq:SLXP) and Human Genome Sciences Inc. (Nasdaq:HGSI) are among the  lead small-cap volume in pre-market in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: i2 Technologies Inc. (Nasdaq:ITWO), Cadence Pharmaceuticals Inc. (Nasdaq:CADX), Harmonic Inc. (Nasdaq:HLIT), STEC Inc. (Nasdaq:STEC), Progenics Pharmaceuticals Inc. (Nasdaq:PGNX) and Evergreen Solar Inc. (Nasdaq:ESLR).

Here are the  lead small-cap volume in pre-market among small caps:
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Jennifer Schonberger

Sciele Pharma, Isle of Capri Casinos and Ameristar Casinos lead small-cap volume in pre-market

Sciele Pharma Inc. (Nasdaq:SCRX), Isle of Capri Casinos Inc. (Nasdaq:ISLE) and Ameristar Casinos Inc. (Nasdaq:ASCA) are among the most actively traded companies in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Odyssey Healthcare Inc. (Nasdaq:ODSY), Progenics Pharmaceuticals Inc. (Nasdaq:PGNX), Avid Technology Inc. (Nasdaq:AVID), Salix Pharmaceuticals Ltd. (Nasdaq:SLXP), Morgans Hotel Group Co. (Nasdaq:MHGC) and CV Therapeutics Inc. (Nasdaq:CVTX).

Here are the most actively traded companies among small caps:

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Jennifer Schonberger

Anadigics Inc, Advanced Battery Technologies Inc and Knot Inc lead small-cap volume in pre-market

Anadigics Inc. (Nasdaq:ANAD), Advanced Battery Technologies Inc (Nasdaq:ABAT) and Knot Inc (Nasdaq:KNOT) are among the most actively traded companies in Friday's trading among companies with market capitalizations under $1 billion.       

Also included among the results: Progenics Pharmaceuticals Inc (Nasdaq:PGNX), Arena Pharmaceuticals Inc (Nasdaq:ARNA), Noble International (Nasdaq:NOBL), PowerSecure International Inc (Nasdaq:POWR), Magma Design Automation Inc (Nasdaq:LAVA) and Cytori Therapeutics Inc (Nasdaq:CYTX).    

Here are the most actively traded companies among small caps:     

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Will Atkinson

Akeena Solar, China Precision Steel and Packeteer lead small-cap volume in pre-market

Akeena Solar Inc (Nasdaq:AKNS), China Precision Steel Inc (Nasdaq:CPSL) and Packeteer Inc (Nasdaq:PKTR) are among the most actively traded companies in Thursday's trading among companies with market capitalizations under $750 million.

Origin Agritech Ltd (Nasdaq:SEED), Progenics Pharmaceuticals Inc (Nasdaq:PGNX) and TASER International Inc (Nasdaq:TASR) are also among the most actively traded companies.

Here are the most actively traded companies among small caps:
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Kevin Pendley

Small caps close in the green

Small-cap stocks pushed higher Friday, with the Russell 2000 (NYSE:IWM) rising 4.81, or 0.67%, to 721.88, which marked the highest daily close since Feb. 13. The market had a teeter-totter session, opening higher on earnings news and a firm dollar, then slumping on consumer sentiment jitters and soaring crude oil before staging the afternoon recovery.

Crude oil futures climbed to a record intraday peak Friday at $119.90 per barrel, lifted by supply concerns tied to worker strikes in Nigeria and the North Sea. The supply side concerns were complemented by news of warning shots fired on boats in the Gulf thought to be Iranian, underscoring tensions right now between the United States and Iran.

The market appeared set for a comfortable morning rise early today, but then the University of Michigan consumer sentiment survey cast a pall over buyer enthusiasm. The Michigan headline report came out at 62.6, down from 69.5 the previous month, and at the lowest April reading in 26 years. The dour consumer mood sparked a wave of selling across equity products, but the slide never really took hold and stocks were able to recover in the afternoon despite the Michigan survey and spiking crude values.

Speaking of economic data, this week’s report front was the quiet before next week’s storm. Not only will investors have to navigate a frothy sea of economic data risk —  highlighted by Friday’s employment report — but the FOMC meeting Tuesday afternoon could trigger a dramatic market response as everyone struggles to read the Federal Reserve “tea leaves” to see if the end of the easing cycle is nigh.

Back to today’s action, equities likely found some support tied to a solid performance in the U.S. dollar, which climbed about 0.6% against the euro, and was up nearly 0.3% against the yen. The fact that the greenback held onto gains versus the euro despite the jump in crude oil was impressive, as most of the time in recent . . .

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Will Atkinson

Small caps continue downward slide

Small-cap stocks began Friday’s trading session higher, but are skidding into the red after figures from the University of Michigan showed American consumer sentiment at a 26-year low. At 1:43 p.m. ET, the Russell 2000 (NYSE:IWM) was down 3.35, or 0.47%, at 713.72.

Among small caps, Progenics Pharmaceuticals, Inc. (Nasdaq:PGNX) is up 30% after the Tarrytown, N.Y.-based company’s constipation drug won FDA approval. YRC Worldwide Inc. (Nasdaq:YRCW) is up about 29% after the transportation services company said early Friday that it expects second-quarter profit in-line with Wall Street expectations. Wilshire Bancorp, Inc. (Nasdaq:WIBC) is up 17% after the Los Angeles-based community bank posted first-quarter net income of $7.1 million, or $0.24 per share, compared with analysts’ expectation of earning $0.20 per share.

Among small-cap losers, shipping and logistics company Horizon Lines, Inc. (NYSE:HRZ) is down about 18% after cutting its 2008 forecast due to weakness in Puerto Rico. Acacia Research-Acacia Technologies (Nasdaq:ACTG) is down 18% after the Newport, Calif.-based company, which develops, acquires, licenses and enforces patented technologies, reported a first-quarter loss of $3.9 million, . . .

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Will Atkinson

Progenics Pharmaceuticals, Income Opportunity Realty Investors and Wilshire Bancorp lead small-cap percentage gainers

Progenics Pharmaceuticals, Inc. (Nasdaq:PGNX), Income Opportunity Realty Investors, Inc. (AMEX:IOT) and Wilshire Bancorp, Inc. (Nasdaq:WIBC) are among the biggest percentage gainers in Friday's trading among companies with market capitalizations under $750 million.

Pyramid Oil Co. (AMEX:PDO), Gencor Industries, Inc. (Nasdaq:GENC) and Immersion Corp. (Nasdaq:IMMR) are also among the top small-cap percentage gainers.

Here are Friday's biggest percentage gainers among small caps:

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Kevin Pendley

Small caps slip into red after soft consumer sentiment data

Small-cap stocks pushed higher in early trading, but slipped into the red after sobering consumer sentiment figures from the University of Michigan. At 10:01 a.m. ET, the Russell 2000 (NYSE:IWM) was down 2.96, or 0.41%, at 714.12.

The University of Michigan’s consumer sentiment survey came in below expectations at 62.6% versus the median forecast of about 63.5%, and at 26-year lows, which appeared to spark a wave of selling across equities. The downside press after the Michigan numbers was a little surprising, because the survey seldom moves the market more than a few ticks. However, it may have simply been just an excuse for short-term longs to book profits ahead of the weekend instead of battling through key overhead chart resistance.

Once again, the market appeared to find initial buying interest on the back of earnings news, with American Express (NYSE:AXP) beating the forecast this morning, and climbing about 3% after the cash open. However, tech leader Microsoft (Nasdaq:MSFT) stumbled about 4% after the opening on sluggish earnings, so the news was mixed on some of the big name issues early today. Overseas stock market index products generated a nice rally, which provided a boost to investor psychology to start the session. European shares rose to three-week highs, while Japan’s Nikkei was up 2.3%.

President Bush held a very brief announcement about 15 minutes ahead of the stock market opening to let Americans know that their economic stimulus rebate checks were literally in the mail. The immediate response in stock futures trading . . .

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Will Atkinson

Friday's leading pre-market gainers and losers

Here are the biggest percentage gainers and losers in Friday’s pre-market trading among companies with a market cap between $50 million and $750 million:

Biggest percentage gainers:

Progenics Pharmaceuticals, Inc. (Nasdaq:PGNX), up 23.7% after the Tarrytown, N.Y.-based company’s constipation drug won FDA approval.

Pure Bioscience (Nasdaq:PURE), up 18.6% on no significant news from the El Cajun, Calif.-based bio-science firm.

YRC Worldwide Inc. (Nasdaq:YRCW), up 12.7% after the transportation services company said early Friday that it expects second-quarter profit in-line with Wall Street expectations.

Biggest percentage losers:

SiRF Technology Holdings Inc. (Nasdaq:SIRF), down 14.1% after posting a wider-than-expected first-quarter loss.

ScanSource, Inc. (Nasdaq:SCSC), down 12.5% after reporting that it expects fourth-quarter revenue in the range of $540 million to $560 million. Wall Street anticipates $562.7 million.

UCBH Holdings, Inc. (Nasdaq:UCBH), down 11.5% after reporting a 92% plunge in first-quarter income.

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Kevin Pendley

Small caps push higher on firm dollar, dip in commodities

Small-cap stocks pushed higher Thursday, with the Russell 2000 (NYSE:IWM) climbing 8.96, or 1.27%, to 717.07. Small caps assumed leadership among equity index products on the rise, fueled by a bounce in the U.S. dollar and a drop in crude oil prices. Financial stocks and insurers provided a significant lift to equities big and small, with Merrill Lynch (NYSE:MER) jumping nearly 8% as the company raised its dividend, and insurance giant Travelers (NYSE:TRV) climbing 5% as the company upgraded its 2008 outlook.

Commodities took a tumble today, which may have eased some of the food and energy fears that have weighed on investor psyche and made headlines in national and international media. Just two days after a USA Today poll said that rising food costs were a major concern for a majority of consumers, news hit around the country of rice being rationed at grocery stores because of shortages. However, the Commodity Research Bureau Index tumbled 1.6% today, which may have provided a lift to stocks, especially since crude oil came off about $3 per barrel from its lofty perch.

Investors also appeared to breathe a sigh of relief about the economic outlook when weekly claims came out at 342,000, much better than the forecast of 375,000. Even though durable goods orders were relatively soft and the New Home Sales report was awful, market focus seemed to settle in on the claims data as a bright enough spot to counter the other economic news. As it stands, the durables data tends to fluctuate quite a bit month-to-month, and everyone already knows that the housing market is floundering. The only data of note Friday morning comes from the Michigan . . .

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Will Atkinson

Nextwave Wireless, GSI Commerce and Progenics Pharmaceuticals lead small-cap percentage gainers

Nextwave Wireless Inc. (Nasdaq:WAVE), GSI Commerce, Inc. (Nasdaq:GSIC) and Progenics Pharmaceuticals, Inc. (Nasdaq:PGNX) are among the biggest percentage gainers in Thursday's trading among companies with market capitalizations under $750 million.

Skechers USA, Inc. (NYSE:SKX), Encore Wire Corp. (Nasdaq:WIRE) and Momenta Pharmaceuticals, Inc. (Nasdaq:MNTA) are also among the top small-cap percentage gainers.

Here are Thursday's biggest percentage gainers among small caps:

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Alex Alexandrov

Russell 2000 futures rising

The Russell 2000 (NYSE:IWM) futures are rising and the small-cap index will open in the green despite news of bank writedowns.

Stocks small and large are poised for a bullish opening on news this morning that Swiss banking giant UBS AG (NYSE:UBS) has announced more writedowns stemming from the subprime mortgage mess.

However, investors are taking that as a good sign because the bank will receive help from four others, an indication that it will get through the current rough patch.

The Russell 2000 generated a modest rally in Monday’s quarter-ending session, finishing the month at a higher level than where it began for the first time since October. For the day, the Russell gained 4.79, or 0.70%, to 687.97.

In this morning’s trading, support comes in at 681, then at 674 and 667. Meanwhile, resistance is at 695, 705 and 714. The ISM Manufacturing Survey at 10:00 a.m. ET could spark some volatility, while vehicle sales will be reported throughout the session.

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Alex Alexandrov

Russell 2000 stumbling

The Russell 2000 (NYSE: IWM) is losing ground despite opening in the green.

At 10:12 a.m. ET, the small-cap index was down 5.25 points, or 0.78%, to 668.56. The Dow Jones Industrial Average (INDU) had lost 4.96 points, or 0.04%, to 12,151.85.

Small-cap stocks opened higher on momentum following Tuesday’s move by the U.S. Federal Reserve to make up to $200 billion in expanded loans to financial institutions in an effort to ease the credit squeeze.

But the bullish mood evaporated in minutes and small caps fell as investors looked for guidance and were unsure which way to go.

One of the biggest losers is Progenics Pharmaceuticals, Inc. (Nasdaq: PGNX). The Tarrytown, N.Y.-based company is seeing its share price halve on news before the opening that late-stage drug clinical trial has failed.

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Alex Alexandrov

Russell 2000 futures inch up

The Russell 2000 (NYSE: IWM) futures are a hair higher and the small-cap index will probably open with a small rise.

Stocks small and large are poised for a moderately bullish opening on momentum following Tuesday’s move by the U.S. Federal Reserve to make up to $200 billion in expanded loans to financial institutions in an effort to ease the credit squeeze.

Small cap stocks took flight Tuesday, soaring 29.84, or 4.63% to 673.81, notching the largest one-day point gain of the year. The Russell 2000 climbed back above the 650-point level, and now needs to hold that zone to generate any bottoming patterns from here.

In today’s session, resistance should be seen at 680, 688 and 694. Meanwhile, support comes in at 668, 661 and then back down close to 650. There are no morning economic reports to navigate Wednesday, and the afternoon Treasury Budget report at 2:00 p.m. ET seldom has an impact on the stock market.


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