Tag - CPY

Cowlitz Bancorp Longview Wash (Nasdaq:CWLZ), CPI Corp (Nasdaq:CPY), Jacksonville Bancorp Inc (Nasdaq:JXSB) and Parkvale Financial Corp (Nasdaq:PVSA) are among the biggest percentage Gainers in Wednesday's trading among companies with market capitalizations under $1 billion.

 

Also included among the results: W Holdings Co (Nasdaq:WHI), American Spectrum Realty Inc (Nasdaq:AQQ), IDT Corp (Nasdaq:IDT), Castle A M & Co (Nasdaq:CAS) and Tennessee Commerce Bancorp Inc (Nasdaq:TNCC).

SeaChange International Inc. (Nasdaq:SEAC), CPI Corp. (Nasdaq:CPY) and Sinovac Biotech Ltd. (Nasdaq:SVA) are among the biggest percentage losers in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Novavax Inc. (Nasdaq:NVAX), Trubion Pharmaceuticals Inc. (Nasdaq:TRBN), Zion Oil and Gas Inc. (Nasdaq:ZN), Applied Signal Technology Inc. (Nasdaq:APSG), Hardinge Brothers Inc. (Nasdaq:HDNG) and Blyth Inc. (Nasdaq:BTH).

Builders FirstSource Inc. (Nasdaq:BLDR), China Medical Technologies Inc. (Nasdaq:CMED) and Books-A-Million Inc. (Nasdaq:BAMM) are among the biggest percentage losers in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Sequenom Inc. (Nasdaq:SQNM), CPI Corp. (Nasdaq:CPY), Benihana National Corp. (Nasdaq:BNHNA), Female Health Co. (Nasdaq:FHCO), Facet Biotech Corp. (Nasdaq:FACT) and SIGA Technologies Inc. (Nasdaq:SIGA).

Celldex Therapeutics Inc. (Nasdaq:CLDX), US Global Investors Inc. (Nasdaq:GROW) and Fauquier Bankshares Inc. (Nasdaq:FBSS) are among the biggest percentage gainers in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Kirklands Inc. (Nasdaq:KIRK), StealthGas Inc. (Nasdaq:GASS), Amerigon Inc (Nasdaq:ARGN), I-Flow Corp. (Nasdaq:IFLO), CPI Corp. (Nasdaq:CPY) and CPI International Inc. (Nasdaq:CPII).

Emulex Corp. (Nasdaq:ELX), A Power Energy Generation Systems Ltd. (Nasdaq:APWR) and Healthways Inc. (Nasdaq:HWAY) are among the biggest percentage gainers in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Temple-Inland Inc. (Nasdaq:TIN), Oriental Financial Group Inc. (Nasdaq:OFG), Columbus McKinnon Corp. (Nasdaq:CMCO), Atlas Air Worldwide Holdings Inc. (Nasdaq:AAWW), American Software Inc. (Nasdaq:AMSWA) and CPI Corp. (Nasdaq:CPY).

Charlotte Russe Holding Inc (Nasdaq:CHIC), Western Refining Inc (Nasdaq:WNR) and Comverge Inc (Nasdaq:COMV) are among the new 52-week lows in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Trico Marine Services Inc (Nasdaq:TRMA), Hansen Medical Inc (Nasdaq:HNSN), Rubicon Technology Inc (Nasdaq:RBCN), CPI Corp (Nasdaq:CPY), EPIQ Systems Inc (Nasdaq:EPIQ) and Northern Dynasty Minerals Ltd (Nasdaq:NAK).

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

Small-cap shares hovered near steady levels, trimming away opening losses tied to ongoing concerns in the financial sector amid reports that banks and brokerages need to raise capital. Another slip in crude oil prices likely muted selling interest in equities. At 10:05 a.m. ET, the Russell 2000 (NYSE:IWM) was off 0.66, or 0.09%, at 738.35.

Lehman Bros. (NYSE:LEH) remains at the eye of the latest financial storm, and was trading down 3.4% shortly after the open after tumbling 9.4% Tuesday on persistent talk that the brokerage firm would need to raise capital to shore up the balance sheet. The banking concerns were fanned overnight when ratings agency Fitch said that a couple of large French banks needed to raise capital. The European stock market took a hit on those concerns, losing about 2% heading toward the U.S. open.

The market navigated through a series of economic data this morning, with the final report from the ISM Non-Manufacturing Survey coming out at 10:00 a.m. ET. The ISM data came in at 51.7%, which was above the 51% forecast. There was a brief upside pop on the ISM release, but it didn’t appear to hold trader attention for long.

Earlier today, the ADP private employment survey showed a surprise rise in new jobs in May, which tugged stocks off overnight lows at the time, but had little staying power into the morning trade. In addition to ADP payrolls, the market saw a productivity report that came in just above the forecast at 2.6%, and an MBA mortgage application index that was at six-year lows. The trading shelf life on all of these data releases was collectively short. Later this afternoon near 2:00 p.m. ET, Federal Reserve Chairman Ben Bernanke will speak at Harvard, but his speech topic is titled “Economic Challenges: 1975 and Now” and he’s not taking questions, so it’s unlikely his appearance will stir the market. That said, foreign exchange markets were still buzzing about his rare direct comments on the dollar from Tuesday, which sparked a rally in the greenback.

The opening slide in stocks took place in the face of soft crude oil prices, which shows that the market does have more on its mind right now than just the energy market. Crude oil prices slipped $124 dollars a barrel overnight, pressured by news that India and Malaysia raised fuel prices, which could crimp demand out of Asia. The weekly oil inventory data should come out around 10:35 a.m. ET, which could spark a . . .

Pozen Inc. (Nasdaq:POZN), CPI Corp. (NYSE:CPY) and Excel Maritime Carriers Ltd. (NYSE:EXM) are among the biggest percentage gainers in Wednesday's trading among companies with market capitalizations under $750 million.

EnerNOC, Inc. (Nasdaq:ENOC), America Service Group Inc. (Nasdaq:ASGR) and CV Therapeutics, Inc. (Nasdaq:CVTX) are also among the top small-cap percentage gainers.

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

Shares of professional portrait photography company CPI Corp. (NYSE:CPY) are looking good on news after the close on Tuesday of an increase in fourth-quarter profit. The St. Louis, Mo.-based firm reported that earnings for the three months ended Feb. 2 were $15.1 million, or $2.35 per share, compared with $14.8 million, or $2.32 per share, a year earlier.

Revenues jumped 62% to $162.8 million from $100.7 million.

The Russell 2000 (NYSE: IWM) and the other major U.S. indices are rising despite generally bearish economic and financial news.
 
At 10:45 a.m. ET, the small-cap index was up 2.14 points, or 0.28%, to 758.27. The Dow Jones Industrial Average (INDU) had climbed 20.49 points, or 0.16%, to 13,227.76.

The day began with news before the start of trading that the U.S. economy grew at an annual rate of 4.9% during the third quarter, according to final figures released by the Commerce Department. The economy grew 3.8% in the second quarter.

The third-quarter growth was the fastest pace in four years, but many economists projected that growth will slow down markedly in the fourth quarter and into the first half of 2008 as the credit squeeze and falling home prices take their toll.

As the economy slows, the labor market will probably cool. Statistics released before the opening confirm this.

The U.S. Labor Department said that jobless claims for the week ended Dec. 15 increased 12,000 to 346,000 from an upwardly revised level of 334,000 in the preceding week. The rise is greater than projected.

The four-week moving average, considered a more stable measure, showed an increase of 4,250 to 343,000. The level a week earlier was 338,750.

Elsewhere, investment bank Bear Stearns (NYSE: BSC) reported a quarterly loss of $854 million, or $6.90 per share, compared with net income of $563 million, or $4.00 per share, a year earlier.

The New York-based company was one of the first to feel the pain of the meltdown in the subprime mortgage sector when two of its investment funds went belly-up this summer.

OSI Systems, Inc. (Nasdaq: OSIS), First California Financial Group, Inc. (Nasdaq: FCAL) and NovaStar Financial Inc. (NYSE: NFI) are among the biggest percentage losers in Wednesday's trading among companies with market capitalizations under $500 million.

Here are today's biggest percentage gainers:

CPI Corp. (NYSE: CPY) executives said the professional portrait company, which experienced a recent 13% quarterly decline in customer visits, has been hurt by advances in digital photography, but is optimistic marketing and acquisitions will halt any business declines.

Digital photography has allowed a large number of players to enter the portrait photography market, and improvements in technology have made customers more “discerning and demanding [which] may be impacting visit frequency,” CEO Renato Cataldo said on the call.

CPI, or Consumer Portraits Inc., is optimistic that aggressive marketing and studio acquisitions and retention will stem the business loss, Cataldo said.

On Tuesday, a bankruptcy judge approved CPI’s $100 million purchase of Portrait Corp. of America. Portrait Corp. filed for bankruptcy on Aug. 31, citing the prevalence of digital photography as a factor. Portrait Corp. was the exclusive photo portrait provider for Wal-Mart Stores Inc. (NYSE: WMT). CPI currently operates over 1,000 studios, including Sears’ photo portrait studios.

CPI purchased Portrait Corp. because of the price, the opportunity to sell to the “unrivaled customer foot traffic” of Wal-Mart and to gain access to Portrait Corp.’s digital photo facilities, Cataldo said.