Tag - CPHD

Last week, the Russell 2000 Index rose 1.6 percent, while the Standard & Poor's Small Cap 600 Index gained slightly less, 1.5 percent.

For the day, the Russell 2000 was flat and the S&P Small Cap 600 was down fractionally. Yet for the year, the Russell has gained 8.1 percent, with the S&P Small Cap rising 8.9 percent.

CardioNet Inc (Nasdaq:BEAT), Cepheid (Nasdaq:CPHD) and OmniVision Technologies Inc (Nasdaq:OVTI) are among the most actively traded companies in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: AgFeed Industries Inc (Nasdaq:FEED), Spectrum Pharmaceuticals Inc (Nasdaq:SPPI), Canadian Solar Inc (Nasdaq:CSIQ), A Power Energy Generation Systems Ltd (Nasdaq:APWR), Solarfun Power Holdings Co Ltd (Nasdaq:SOLF) and STEC Inc (Nasdaq:STEC).

Zion Oil and Gas Inc. (Nasdaq:ZN), Optimer Pharmaceuticals Inc. (Nasdaq:OPTR) and Amedisys Inc. (Nasdaq:AMED) are among the biggest percentage losers in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: American Italian Pasta Co. (Nasdaq:AIPC), Answers Corp. (Nasdaq:ANSW), Cepheid (Nasdaq:CPHD), American Equity Investment Life Holding Co. (Nasdaq:AEL), Tredegar Corp. (Nasdaq:TG) and Sport Supply Group Inc. (Nasdaq:RBI).

Dendreon Corp (Nasdaq:DNDN), DryShips Inc (Nasdaq:DRYS) and OmniVision Technologies Inc (Nasdaq:OVTI) are among the most actively traded companies in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Clean Energy Fuels Corp (Nasdaq:CLNE), DrdGold ADR (Nasdaq:DROOY), Cepheid (Nasdaq:CPHD), Matrix Service Co (Nasdaq:MTRX), Sun Bancorp Inc (Nasdaq:SNBC) and STEC Inc (Nasdaq:STEC).

Celera Corp. (Nasdaq:CRA), Central European Media Enterprises Ltd. (Nasdaq:CETV) and Energy Conversion Devices Inc. (Nasdaq:ENER) are among the most actively traded companies in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Focus Media Holding Ltd. (Nasdaq:FMCN), Concur Technologies Inc. (Nasdaq:CNQR), Sigma Designs Inc. (Nasdaq:CPHD), SunPower (Nasdaq:SPWRA) and DrdGold ADR (Nasdaq:DROOY).

Exterran Partners L P (Nasdaq:EXLP), Telvent GIT (Nasdaq:TLVT) and Gladstone Investment Corp. (Nasdaq:GAIN) are among the biggest percentage gainers in Friday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Midsouth Bancorp Inc. (Nasdaq:MSL), Cepheid (Nasdaq:CPHD), Logility Inc. (Nasdaq:LGTY), First Citizens Bancorp Cleveland (Nasdaq:FCZA), Peoples Bancorp of North Carolina Inc. (Nasdaq:PEBK) and John Bean Technologies Corp. (Nasdaq:JBT).

Cepheid (Nasdaq:CPHD), IPG Photonics Corp. (Nasdaq:IPGP) and Syms Corp. (Nasdaq:SYMS) are among the new 52-week lows in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Zep Inc. (Nasdaq:ZEP), American Greetings Corp. (Nasdaq:AM), Facet Biotech Corp. (Nasdaq:FACT), Old Second Bancorp Inc. (Nasdaq:OSBC), K12 Inc. (Nasdaq:LRN) and Primeenergy Corp. (Nasdaq:PNRG).

Small-cap stocks continued to grind higher into midday, with energy, real estate trusts and financial shares showing the way. A recovery bounce in crude oil and oversold conditions on energy stocks sparked money flow into that arena and provided a lift to the overall market. Some of today’s small-cap gainers were Developers Diversified Realty Corp.  (NYSE:DDR), BigBand Networks Inc. (Nasdaq:BBND) and Union Drilling Inc. (Nasdaq:UDRL).

Other Market Watch highlights today included:

• Bernanke said this morning that TARP funds should be directed toward toxic mortgage-backed assets, relieving many traders.  
• On the commodities scene, gold climbed and copper reversed a big overnight decline in Asia to trend higher.
• Energy stocks appeared to get a lift from a recovery rally in crude oil futures, which reversed a $1 per barrel decline in overnight trading.  
• The worst performers were electronic component makers, aluminum stocks, tire companies, industrial conglomerates and auto manufacturers

Small Cap Gainers:

• Small-cap REIT Developers Diversified Realty Corp. soared 18% as the shopping center management firm recovered from steep losses Monday. See (NYSE:DDR).
• BigBand Networks Inc. rallied 17% as investors appeared to be taking a stab that the video networking solutions firm will announce decent earnings Thursday afternoon. See (Nasdaq:BBND).  
• Among the various energy companies in rally mode today, natural gas firm Union Drilling Inc. was up 13%. See (Nasdaq:UDRL).

Small Cap Losers:

• Cepheid gapped lower and fell 18% gene analysis firm reported earnings that didn’t match up with investor expectations. See (Nasdaq:CPHD).  
• Prestige Brands lowers guidance; stock slumps over 13%. See (NYSE:PBH).   
• AMB Property Corp. slipped 8% as the firm made some dividend announcements. See (NYSE:AMB).  
• Liz Claiborne lowers view, inks credit amendment; stock slides 4%. See (NYSE:LIZ).  

Formula Systems Depository Receipt (Nasdaq:FORTY), Great Atlantic & Pacific Tea Co Inc. (Nasdaq:GAP) and Cepheid (Nasdaq:CPHD) are among the biggest percentage losers in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Prestige Brands Holdings Inc. (Nasdaq:PBH), DemandTec Inc. (Nasdaq:DMAN), Crawford (Nasdaq:CRD.B), American Greetings Corp. (Nasdaq:AM), PAM Transportation Services Inc (Nasdaq:PTSI) and Ark Restaurants Corp. (Nasdaq:ARKR).

Small-cap stocks edged slightly lower on the open, pulled down by declines in overseas markets but a bounce in crude oil prices into the stock market opening helped limit selling interest, as did Federal Reserve comments on the TARP.  Some of today’s small-cap gainers were ZymoGenetics (Nasdaq:ZGEN), Lexington Realty Trust (NYSE:LXP) and Symmetry Medical Inc. (NYSE:SMA).

Other Market Watch highlights today included:

• Europe stocks were down about 2%, while Asian equities were off about 3%, with mining, energy, telecom, bank and tech stocks taking a hit.  
• In overseas trading, European and Asian markets appeared to be “catching up” with the slide Monday in U.S. equities.  
• Crude oil prices were down about $1 a barrel overnight, but rallied back into positive territory just ahead of the stock market open today.  
• The international trade report showed that the U.S. deficit narrowed by 28.7% in November, which marked the largest contraction in 12 years.  

Small Cap Gainers:

• Bristol-Myers buys ZymoGenetics’ experimental Hepatitis C drug; shares of ZymoGenetics pop 53% in pre-market. See (Nasdaq:ZGEN).
• Lexington Realty Trust rose 14%, essentially recovering Monday’s big decline. See (NYSE:LXP).  
• Symmetry Medical Inc. climbed 13% as the medical implant firm tried to rally after sinking to the lowest daily close in more than a year on Monday. See (NYSE:SMA).
• InterOil Corp. rose 12% as the firm updated drilling progress on a reservoir in Papua, New Guinea. See (NYSE:IOC).  

Small Cap Losers:

• Cepheid gapped lower and fell 18% gene analysis firm reported earnings that didn’t match up with investor expectations. See (Nasdaq:CPHD).  
• Prestige Brands lowers guidance; stock slumps over 13%. See (NYSE:PBH).   
• AMB Property Corp. slipped 8% as the firm made some dividend announcements. See (NYSE:AMB).  

Small-cap stocks edged slightly lower on the open, pulled down by declines in overseas markets but a bounce in crude oil prices into the stock market opening helped limit selling interest, as did Federal Reserve comments on the TARP. At 9:54 a.m. ET, the Russell 2000 (NYSE:IWM) was up 3.79, or 0.81%, at 472.58.

The market appeared to slip initially, then stage a recovery move during the first speech of the year by Federal Reserve Chairman Ben Bernanke, who was speaking ahead of the open this morning in London. Bernanke said that financial stress has spilled over into the global economy and that the timing of a recovery remains “uncertain.” He also said that the government should mop up some of the toxic assets that supposedly were the initial focus of the TARP, which appeared to stir the recovery pop off pre-market lows.

The international trade report showed that the U.S. deficit narrowed by 28.7% in November, which marked the largest contraction in 12 years. However, the narrowing of the trade gap wasn’t because U.S. manufacturers suddenly sold a bunch more widgets, it was because of weak demand for import goods and sinking energy prices. In all, the November import number collapsed 12%, which was a record decline.

Crude oil prices were down about $1 a barrel overnight, but rallied back into positive territory just ahead of the stock market open today, which might have helped the early action in energy and commodity stocks. Shortly after the open, crude oil prices were up about $0.70 a barrel. Copper futures touched limit losses of 5% in China trading overnight, which is a troubling sign for the economy as copper is seen as a key barometer of industrial and construction demand. China imports and exports were down in the latest report, which also sends shivers about global growth . . .

Palm Inc. (Nasdaq:PALM), DryShips Inc. (Nasdaq:DRYS) and Iconix Brand Group Inc. (Nasdaq:ICON) are among the most actively traded companies in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Zhongpin Inc (Nasdaq:HOGS), Fushi Copperweld Inc. (Nasdaq:FSIN), Cepheid (Nasdaq:CPHD), Eagle Bulk Shipping Inc. (Nasdaq:EGLE), Synaptics Inc. (Nasdaq:SYNA) and Solarfun Power Holdings Co Ltd. (Nasdaq:SOLF).

Hansen Medical Inc (Nasdaq:HNSN), Green Bankshares Inc (Nasdaq:GRNB) and Tennant Co (Nasdaq:TNC) are among the new 52-week lows in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: IPG Photonics Corp (Nasdaq:IPGP), Flushing Financial Corp (Nasdaq:FFIC), Zep Inc (Nasdaq:ZEP), Facet Biotech Corp (Nasdaq:FACT), Schawk Inc (Nasdaq:SGK) and Cepheid (Nasdaq:CPHD).

Molecular diagnostics company Cepheid (Nasdaq:CPHD) was downgraded to “neutral” from “buy” by Piper Jaffray, forcing shares down 4% in pre-market trading.

Shares lost 4%, or $0.55, to $15.30 in pre-market trading. For detailed price information and news stories on Cepheid, click CPHP.

Quest Energy Partners L P (Nasdaq:QELP), Crucell NV ADR (Nasdaq:CRXL) and USA Truck Inc (Nasdaq:USAK) are among the most actively traded companies in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: TASER International Inc (Nasdaq:TASR), USANA Health Sciences Inc (Nasdaq:USNA), DrdGold ADR (Nasdaq:DROOY), ARGON ST Inc (Nasdaq:STST), Cepheid (Nasdaq:CPHD) and Clean Energy Fuels Corp (Nasdaq:CLNE).

Here are the most actively traded companies among small caps:

Cepheid (Nasdaq:CPHD), Integra Bank Corp (Nasdaq:IBNK) and Affymetrix Inc (Nasdaq:AFFX) are among the biggest percentage losers in Friday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Ultratech Inc (Nasdaq:UTEK), Oneida Financial Corp (Nasdaq:ONFC), Abaxis Inc (Nasdaq:ABAX), South Finl Group (Nasdaq:TSFG), Standard Register Co (Nasdaq:SR) and Gencor Industries Inc (Nasdaq:GENC).

Here are the biggest percentage losers among small caps:

Small-cap stocks are pushing higher in midday Friday trading, boosted by upbeat economic data and a dip in crude oil prices. The gains, however, have not erased Thursday’s market dive. At 12:13 p.m. ET, the Russell 2000 (NYSE:IWM) was up 9.86, or 1.4%, at 712.25.

Crude oil futures pulled back $1.54 to $123.92 a barrel in recent trading. The U.S. dollar is up against the yen and flat against the euro.

The Michigan sentiment survey extended this morning’s upside data surprise trend, beating the median forecast handily at 61.2 versus the projection of 56.4. Still, the number is low historically. Equities did produce a decent bounce when the sentiment figures came out just before 10:00 a.m. ET.

New home sales also topped the forecast, coming out at a pace of 530,000 annual units, compared with an expectation for 500,000. In addition, the May figure was revised upward, which kept the “feel good” data surprise intact heading into the rest of the trading session.

Ahead of the open, the June durable goods report came in well above expectations, with the headline figure up 0.8%, compared with the forecast for a dip of 0.3%. Although durables was a nice upside surprise for equities, the data is a little dated and seldom has a staying influence on stocks.

Broad market sectors on the rise this afternoon include coal, metal mining, airlines, iron and steel, construction and agricultural machinery, and oil and gas operations companies. Sectors on the decline include printing services, computer storage devices, apparel, office equipment, plastics and rubbers and life insurance . . .

Molecular diagnostics company Cepheid (Nasdaq:CPHD) has shed 34% today after reporting after Thursday’s close its second quarter earnings had widened its net loss. For the 2008 second quarter, the company’s net loss was $7.5 million, or $0.13 per share, compared with a net loss of $5.2 million, or $0.10 per share, for the year-ago quarter. Revenues increased to $42.1 million from $27.2 million. The company lowered its full-year revenue forecast to $173 million to $177 million.

“While our core clinical product laboratory sales grew to record levels in the second quarter, non-core clinical sales of products to other companies were below our expectations and we expect non-core clinical sales of products to other companies to continue to be below our expectations for the remainder of 2008,” said CEO John Bishop in a statement.

In today’s trading, shares are at $18 at 10:30 a.m. ET, down $9.19 from Thursday’s close. During the past year, the stock has ranged from $14.27 to $33.36.