Tag - MITI

CenterState Banks Inc. (Nasdaq:CSFL), Sequenom Inc. (Nasdaq:SQNM) and THQ Inc. (Nasdaq:THQI) are among the most actively traded companies in Thursday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Micromet Inc. (Nasdaq:MITI), Cathay General Bancorp (Nasdaq:CATY), KapStone Paper and Packaging Corp. (Nasdaq:KPPC), Eagle Bulk Shipping Inc. (Nasdaq:EGLE), Harbin Electric Inc. (Nasdaq:HRBN) and Energy Conversion Devices Inc. (Nasdaq:ENER).

<strong>Duckwall Alco Stores Inc. </strong>(Nasdaq:<a href="/ticker/duck">DUCK</a>), <strong>Gladstone Commercial 7.75% Pref Shs Series A </strong>(Nasdaq:<a href="/ticker/goodp">GOODP</a>) and <strong>Power Medical Interventions Inc.</strong> (Nasdaq:<a href="/ticker/pmii">PMII</a>) are among the biggest percentage gainers in Friday's trading among companies with market capitalizations under $1 billion.<br /> <br /> Also included among the results: <strong>Aventine Renewable Energy Holdings Inc. </strong>(Nasdaq:AVR), <strong>Apco Argentina Inc. </strong>(Nasdaq:<a href="/ticker/apagf">APAGF</a>), <strong>Micromet Inc. </strong>(Nasdaq:<a href="/ticker/miti">MITI</a>), <strong>Physicians Formula Holdings Inc. (</strong>Nasdaq:<a href="/ticker/face">FACE</a>),<strong> FortuNet Inc. </strong>(Nasdaq:<a href="/ticker/fnet">FNET</a>) and <strong>Delek US Hldg Inc. </strong>(Nasdaq:<a href="/ticker/dk">DK</a>).<br /> <br /> Here are the biggest percentage gainers among small caps:

Small-cap stocks waffled back and forth near steady levels into midday, with support from lower crude oil prices and a firm U.S. dollar countered by slumping technology stocks and worries about a global economic slowdown. At 12:48 p.m. ET, the Russell 2000 (NYSE:IWM) was up 1.20, or 0.16% at 739.70.

The Russell was holding up much better than other large-cap indices. The tech-laden Nasdaq 100 was down 1.3%, with key stocks like Intel Corp. (Nasdaq:INTC) and International Business Machines (NYSE:IBM) both generating sizable declines. INTC was off about 4% and IBM down about 2.5%.

In the lunchtime frame, Boston Federal Reserve Bank President Eric Rosengren said that the impact of rate cuts has been minimized by the credit crunch and he cautioned that the economy could slow down in the second half of 2008 and that the unemployment rate could surge beyond 6%. His comments seemed to have a much more dovish tone than recent Fed speak from Richard Fisher of the Dallas Fed and Jeffrey Lacker from the Richmond Fed.

Commodity names and tech stocks dominated the losing trends so far today, with coal, metals and mining, gold, semiconductors and semiconductor equipment among the biggest losing sectors. On the upside, healthcare facilities and airlines were doing well, with the latter boosted by the recent reprieve on the jet fuel front.

There were still some lingering jitters about a large hedge fund shutting down overnight. The fund, Ospraie Management LLC, had some $2.8 billion under management and reportedly has losing large sums of money on various commodity-tied equity investments. There are concerns that other hedge funds could be in a precarious position as well as the market unwinds the short dollar/long commodity trade. In the case of Ospraie, Lehman Brothers Holdings Inc. (NYSE:LEH) held a 20% stake in the hedge fund, but LEH shares were holding up reasonably . . .

China Sunergy Co Ltd. (Nasdaq:CSUN), Rediff.com India Ltd. (Nasdaq:REDF) and American Capital Agency Corp. (Nasdaq:AGNC) are among the most actively traded companies in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Sigma Designs Inc. (Nasdaq:SIGM), Micromet Inc. (Nasdaq:MITI), Royale Energy Inc. (Nasdaq:ROYL), Quest Energy Partners L P (Nasdaq:QELP), Ascent Solar Technologies Inc. (Nasdaq:ASTI) and NGAS Resources Inc. (Nasdaq:NGAS).

Here are the most actively traded companies among small caps:

Friedman Industries Inc. (Nasdaq:FRD) Nabi Biopharmaceuticals (Nasdaq:NABI) and Micromet Inc. (Nasdaq:MITI) are among the new 52-week highs in Friday's trading among companies with market capitalizations under $1 billion.    

Also included among the results: Associated Estates Realty Corp. (Nasdaq:AEC) Medifast Inc. (Nasdaq:MED) Schiff Nutrition International Inc. (Nasdaq:WNI) Kensey Nash Corp. (Nasdaq:KNSY) USA Truck Inc (Nasdaq:USAK) and CombiMatrix Corp. (Nasdaq:CBMX).    

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

Chemgenex Pharm (Nasdaq:CXSP), LSB Corp (Nasdaq: LBSX) and Zumiez Inc (Nasdaq:ZUMZ) are among the biggest percentage gainers in Friday's trading among companies with market capitalizations under $1 billion.     

Also included among the results: Cato Corp (Nasdaq:CTR), Deltek Inc (Nasdaq:PROJ), RXi Pharmaceuticals Corp (Nasdaq:RXII), Princeton National Bancorp Inc (Nasdaq:PNBC), Micromet Inc (Nasdaq:MITI) and Torch Energy Royalty Trust (Nasdaq:TRU).   

Here are the biggest percentage gainers among small caps:    

China Sunergy Co Ltd. (Nasdaq:CSUN), DrdGold (Nasdaq:DROOY) and Ascent Solar Technologies Inc. (Nasdaq:ASTI) are among the most actively traded companies in Friday's trading among companies with market capitalizations under $1 billion. 

Also included among the results: Zumiez Inc. (Nasdaq:ZUMZ), Novatel Wireless Inc. (Nasdaq:NVTL), Micromet Inc. (Nasdaq:MITI), Royale Energy Inc. (Nasdaq:ROYL), TBS International Ltd. (Nasdaq:TBSI) and Fuel Tech Inc. (Nasdaq:FTEK).           

Here are the most actively traded companies among small caps:   

Micromet Inc (Nasdaq:MITI), ENGlobal Corp (Nasdaq:ENG) and Cardiac Science Corp (Nasdaq:CSCX) are among the new 52-week highs in Thursday's trading among companies with market capitalizations under $1 billion.           
         
Here are the new 52-week highs among small caps: 

Micromet Inc. (Nasdaq:MITI), Industrial Services of America Inc. (Nasdaq:IDSA) and Protherics (Nasdaq:PTIL) are among the new 52-week highs in Monday's trading among companies with market capitalizations under $1 billion.     

Also included among the results: Donegal Group (Nasdaq:DGICA), USA Truck Inc. (Nasdaq:USAK), Hawk Corp. (Nasdaq:HWK), CryoLife Inc (Nasdaq:CRY), Hanger Orthopedic Group Inc. (Nasdaq:HGR) and China Holdings Acquisition (Nasdaq:HOL).        

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

Micromet Inc. (NASDAQ:MITI) hit a new 52-week-high this morning as the stock continued to benefit from positive data on one of its cancer drug candidates being published in Science magazine.

The Bethesda, Md., biopharmaceutical company says its experimental drug blinatumomab has produced promising early-stage results in patients with a fatal form of blood cancer...

Crocs Inc. (Nasdaq:CROX), Cascade Financial Corp. (Nasdaq:CASB) and Hawthorn Bancshares Inc. (Nasdaq:HWBK) are among the biggest percentage gainers in Monday's trading among companies with market capitalizations under $1 billion.    

Also included among the results: MedQuist Inc. (Nasdaq:MEDQ), Protherics  (Nasdaq:PTIL), Cheniere Energy Partners (Nasdaq:CQP), Micromet Inc. (Nasdaq:MITI), Harris & Harris Group Inc. (Nasdaq:TINY) and Primus Guaranty (Nasdaq:PRS).           

Here are the biggest percentage gainers among small caps:    

Small-cap stocks edged lower in relatively calm trading, as a recovery bounce in crude oil on the stock market opening took some of the air out of the morning bullish side of things. At 10:01 a.m. ET, the Russell 2000 (NYSE:IWM) was down 4.15, or 0.55%, at 749.22.

Crude oil prices rallied about $1 dollar a barrel back above $115, supported by concerns that the conflict in Georgia could clip supplies that move through the Caspian region. Also, the U.S. dollar was off slightly this morning, which provided some support to oversold commodity markets — including energy. Grains prices were called higher this morning, and several physical markets were in positive territory early today. The Hershey Co. (NYSE:HSY) was down some 8% early today after saying they would raise candy prices 10% to combat higher raw commodities input costs.

Asian equity markets were primarily lower overnight, which was also something of a concern for U.S. stock market traders. China equities continue to slump, apparently not getting any immediate upside bump from the Olympics. China stocks were off 5.4% overnight, while Hong Kong was down 1%, Taiwan down 2.7% and Singapore down 0.7%. One rosy spot was the Pakistan market, which rallied 4.4% on news that President Musharraf had resigned.

Most traders were looking for thin volume this week amid the holiday season in Europe and in the United States, so it might take some kind of surprise to jolt equities out of a sleepy mood.

Broad market sectors on the rise this morning were dominated by commodity themes, with coal, metals, steel, gold, oil exploration, industrial gases, integrated oil and oil drillers all on the upside. On the downside, thrifts and mortgage finance firms were taking a beating following an article in Barron’s over the weekend saying that the Treasury Department would recapitalize the firms using taxpayer funds, which could devalue current investor holdings. Other sectors struggling early included . . .

Omrix Biopharmaceuticals Inc (Nasdaq:OMRI), Micromet Inc (Nasdaq:MITI) and LoJack Corp (Nasdaq:LOJN) are among the most actively traded companies in Monday's trading among companies with market capitalizations under $1 billion.           

Also included among the results: Yucheng Technologies Ltd (Nasdaq:YTEC), PMFG Inc (Nasdaq:PMFG), Industrial Services of America Inc (Nasdaq:IDSA), i2 Technologies Inc (Nasdaq:ITWO), InterVoice Inc (Nasdaq:INTV) and Saia Inc (Nasdaq:SAIA).      

Here are the most actively traded companies among small caps:       

Small-cap stocks closed slightly lower Friday, pulled down by pre-weekend profit-taking and losses in small-cap energy names as crude oil tumbled to a 15-week closing low. The Russell 2000 (NYSE:IWM) finished Friday’s action down 1.01, or 0.13% at 753.37, which stands as the third highest daily close of the year and the highest weekly close of 2008. For the first time in a while, large-cap products were noticeably firmer than small-caps, with the Dow up 0.38% Friday to 11659.90, and the S&P 500 up 0.41% at 1298.20. For the year, the Russell is down 1.65%, while the Dow is off 12.0% and the S&P 500 is down 11.5%.

Normally, crude oil price declines have been a supportive element for small-cap stocks, and while that psychology is still in play, there were enough commodity-tied small-cap shares in the red Friday to pull down the Russell relative to the Dow and S&P 500. Among broad market sectors, coal, gold, metals and mining, oil and gas drillers, oil production and steel stocks were the worst performers.

Crude oil futures finished out the week at 15-week closing lows, slipping about 1% Friday just below $114 dollars a barrel. Although there are many stocks that stand to benefit from a stabilization in crude oil price declines, the general consensus is that further downside probing in the energy market would be an overall bullish element for equities because it would free up consumer spending for other areas...

Staar Surgical Co. (Nasdaq:STAA), Micromet Inc. (Nasdaq:MITI) and NCI Inc. (Nasdaq:NCIT) are among the new 52-week highs in Friday's trading among companies with market capitalizations under $1 billion.       

Also included among the results: Wilshire Bancorp Inc. (Nasdaq:WIBC), Hanger Orthopedic Group Inc. (Nasdaq:HGR), Industrial Services of America Inc. (Nasdaq:IDSA), Hawk Corp. (Nasdaq:HWK), North American Galvanizing & Coatings Inc. (Nasdaq:NGA) and Parlux Fragrances Inc. (Nasdaq:PARL).  

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

Innovation is at the heart of Micromet, Inc.’s (Nasdaq:MITI) business.

The Bethesda, Md.-based biopharmaceutical firm develops antibodies for the treatment of cancer, inflammation and autoimmune diseases, and has an origin that dates back to the merger of two biotech companies.

Micromet AG was founded in 1993 as a spin-off from the Institute for Immunology at Munich University in Germany. In 2006, Micromet AG merged with CancerVax Corporation to form the present-day Micromet, Inc. CancerVax had previously incorporated in 1998 before going public in 2003.

Micromet’s success hinges on its BiTE antibody technology platform, which is designed to direct the body’s cell-destroying T cells against tumor cells. Early studies have indicated that BiTE antibodies may provide a superior mechanism for destroying tumor cells when compared to conventional antibodies. The company maintains that BiTE antibodies direct T cells to attack larger tumor masses with a potency that is comparable, or may even exceed, that of chemotherapies.

Micromet does not yet have any drugs on the market in the United States, but it is developing an impressive pipeline of therapies that are in early to mid-stage clinical trials. Its leading drug candidate, MT103, is currently in phase 2 clinical trials, and is being developed to combat non-Hodgkin’s lymphoma and acute lymphoblastic leukemia. In November, shares of Micromet got a boost when two studies showed that BiTE antibodies activate T cells only when cancer cells are present...

Shares of Micromet, Inc. (Nasdaq: MITI) are shooting up in pre-market trading after the biopharmaceutical company announced that the company’s antibody therapeutic, BiTE, showed in two new studies that it activates T cells only when cancer cells are present.

The studies also show that initial cytokine release by activated T cells is not required for elimination of cancer cells, and that anti-inflammatory steroid hormones can efficiently quench the initial cytokine release by BiTE-activated T cells without reducing their capacity to kill cancer cells.

The small cap’s publication of the two new studies were published in the Journal of Immunotherapy and in Cancer Immunology Immunotherapy.

Micromet develops proprietary antibodies for the treatment of cancer, inflammation and autoimmune diseases.

Shares of Micromet (MITI) soared 29.73%, or $0.55, to $2.40 in pre-market trading. Shares of Micromet have been trading in the range of $1.22 to $5.30 for the past 52 weeks.

Shares of Chinese gaming technology provider PacificNet Inc. (Nasdaq: PACT) are trading lower on news this morning that the company’s quarterly profit narrowed.  The net income for the three months ended March 31 was $0.31 million, or $0.03 per share, compared with a net income of $0.8 million, or $0.07 per share.  Analyst estimates were unavailable.  The stock is down $0.04, or 1%, to $3.93.