Tag - CGRB

Ocean Power Technologies Inc. (Nasdaq:OPTT), Cabela's Inc. (Nasdaq:CAB) and Global Sources Ltd. (Nasdaq:GSOL) are among the biggest percentage losers in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Consolidated Water Co Ltd (Nasdaq:CWCO), Cougar Biotechnology Inc (Nasdaq:CGRB), Methode Electronics Inc (Nasdaq:MEI), Cascade Bancorp (Nasdaq:CACB), ATC Technology Corp (Nasdaq:ATAC) and Agree Realty Corp (Nasdaq:ADC).

Cougar Biotechnology Inc (Nasdaq:CGRB), LHC Group Inc (Nasdaq:LHCG) and National Research Corp (Nasdaq:NRCI) are among the new 52-week highs in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: FPIC Insurance Group Inc (Nasdaq:FPIC), National Presto Industries Inc (Nasdaq:NPK), Peerless Manufacturing Co (Nasdaq:PMFG), Emergent BioSolutions Inc (Nasdaq:EBS), Republic Banc KY Ord Shs (Nasdaq:RBCAA) and Herley Industries Inc (Nasdaq:HRLY).

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

Stepan Co (Nasdaq:SCL), ILOG ADR (Nasdaq:ILOG) and National Research Corp (Nasdaq:NRCI) are among the new 52-week highs in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: HQ Sustainable Maritime Industries Inc (Nasdaq:HQS), First Financial Corp (Indiana) (Nasdaq:THFF), Overhill Farms Inc (Nasdaq:OFI), City Holding Corp (Nasdaq:CHCO), National Presto Industries Inc (Nasdaq:NPK) and Cougar Biotechnology Inc (Nasdaq:CGRB).

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

The Russell 2000 (NYSE:IWM) is in positive territory as investors await details of the Bush administration’s plan to overhaul financial regulation.

At 10:05 a.m. ET, the small-cap index had added 2.20 points, or 0.32%, to 685.38. The Dow Jones Industrial Average (INDU) was up 3.83 points, or 0.03%, to 12,220.23.

Small-cap stocks seesawed in the opening minutes before heading higher as investors wait for news about sweeping changes in financial regulations proposed by the Bush administration. Treasury Secretary Henry Paulson is expected to make a speech at 10 a.m. ET outlining the plan.

Information released prior to the official announcement suggests that the proposal will give the U.S. Federal Reserve increased power over financial institutions. Many observers blame the subprime mortgage mess on lax oversight.

Shares of Cougar Biotechnology, Inc. (Nasdaq:CGRB) spiked in pre-market trading after the developer of clinical stage cancer drug candidates this morning reported a narrower-than-expected net loss in the fourth-quarter and lessened its loss from a year ago. Shares jumped 19%, or $3.96 to $24.67 in pre-market trading. 

For detailed price information and recent news stories about Cougar Biotechnology, click CGRB.

The Russell 2000 (NYSE: IWM) closed with a steep loss as recession fears spread on Wall Street. The small-cap index fell 16.14 points, or 2.45%, to 643.97. The Dow Jones Industrial Average (INDU) lost 153.54 points, or 1.29%, to 11,740.15.

On a year-to-date basis, the Russell 2000 has declined 15.93%, while the Dow is down 11.50% and the S&P 500 has shed 13.28%.

The bears dominated the session today as the specter of recession loomed in the background. Friday’s disappointing jobs report, which showed that payrolls plunged 63,000 in February, led many economists to conclude that the U.S. economy is either in or will soon be in a recession.

A report by investment bank The Goldman Sachs Group, Inc. (NYSE: GS) released before the start of trading forecasts that the U.S. Federal Reserve will respond by lowering its target federal funds rate to 2% by late April to give the economy a boost.

The federal funds rate, the rate commercial banks charge each other for overnight loans, currently stands at 3%.

The Russell 2000 was on a steady decline from the start of trading, slowly sliding lower throughout the course of the day. Today’s declines were led by shares of steel companies and shares of companies in the financial services industry.