SI International, Talbots Inc and Borders Group lead small-cap percentage gainersSI International Inc. (Nasdaq:SINT), Talbots Inc. (Nasdaq:TLB) and Borders Group Inc. (Nasdaq:BGP) are among the biggest percentage gainers in Wednesday's trading among companies with market capitalizations under $1 billion. Also included among the results: Northern Dynasty Minerals Ltd. (Nasdaq:NAK), Quiksilver Inc. (Nasdaq:ZQK), Midwest Banc Holdings Inc. (Nasdaq:MBHI), TomoTherapy Inc. (Nasdaq:TOMO), Community Bankshares Indiana Inc. (Nasdaq:CBIN) and Chico's FAS Inc. (Nasdaq:CHS). Here are the biggest percentage gainers among small caps:
TomoTherapy surges on FDA nod for radiation therapy technologyTomoTherapy Inc. (Nasdaq:TOMO) climbed nearly 9% this morning after announcing before the bell that it had received FDA approval for its TomoDirect radiation therapy technology. TomoDirect was developed to complement TomoTherapy, the firm's advanced radiation therapy system for the treatment of a variety of cancers. By mid-morning, Madison, Wisc.-based TomoTherapy is at $6.02, up $0.49 from Tuesday's close. The stock has traded between $4.63 and $26.80 during the past 52 weeks. For detailed price information and news stories on TomoTherapy, click TOMO.
TomoTherapy, Winn Dixie Stores and eHealth among 52-week lows
TomoTherapy Inc (Nasdaq:TOMO), Winn Dixie Stores Inc (Nasdaq:WINN) and eHealth Inc (Nasdaq:EHTH) are among the new 52-week lows in Friday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: Transition Therapeutics Inc (Nasdaq:TTHI), Radiant Systems Inc (Nasdaq:RADS), Spartan Motors Inc (Nasdaq:SPAR), AuthenTec Inc (Nasdaq:AUTH), Entegris Inc (Nasdaq:ENTG) and EW Scripps Co (Nasdaq:SSP). Here are the new 52-week lows among small caps:
TomoTherapy, Transition Therapeutics and Radiant Systems lead small-cap percentage losers
TomoTherapy Inc (Nasdaq:TOMO), Transition Therapeutics Inc (Nasdaq:TTHI) and Radiant Systems Inc (Nasdaq:RADS) are among the biggest percentage losers in Friday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: Winn Dixie Stores Inc (Nasdaq:WINN), Union Drilling Inc (Nasdaq:UDRL), National Interstate Corp (Nasdaq:NATL), Dynamic Materials Corp (Nasdaq:BOOM), eHealth Inc (Nasdaq:EHTH) and Wabash National Ord Shs (Nasdaq:WNC). Here are the biggest percentage losers among small caps:
Small caps tread shaky watersSmall-cap stocks struggled to stay in the black at mid-session today after being weighed down by a rising crude price and a government report showing the U.S. unemployment rate at a four-year high. At 12:30 p.m. ET the Russell 2000 (NYSE:IWM) was up 0.51, or 0.07%, at 715.03. Today’s monthly U.S. Labor Department employment report showed unemployment rates had jumped 5.7% from the previous month to the highest level in four years. Part-time workers rose by 291,000, citing a weak economy and job market for taking on part-time employment. On the upside, the United States shed 51,000 non-farm jobs, better than analyst estimates for a decline of 75,000 jobs. After several days of declines in crude oil prices, the commodity has begun to slowly edge upward. By mid-session, a barrel of light, sweet crude was at just under $126, much higher than the low $120s it was trading at earlier in the week. Statements from Israel’s Deputy Prime Minister Shaul Mofaz that Iran was nearing a “major breakthrough” in its nuclear weapons program and that Israel has to “make sure we are prepared for every option” spurred speculation of an Israeli attack on Iran. In the past, Iran has warned it will block the Strait of Hormuz — an area in which one-fourth of the world’s oil is exported — if attacked. In large-cap headlines, giant auto manufacturer General Motors Corporation (NYSE:GM) posted a $15.5 billion second-quarter loss as U.S. sales and leases both dropped. The loss was the third largest in the company’s 100 years in business. Computer server and software manufacturer Sun Microsystems Inc. (Nasdaq:JAVA) fell more than 12% today after reporting a 73% drop in its earnings. The company cautioned that it anticipates further losses in the current quarter because of softness in the current economy. The news dragged other tech stocks down. Broad market sectors gaining ground today include office supplies; forestry and wood products; printing services; and oil and gas operations. Sectors taking a turn south include iron and steel; construction-raw materials; auto and truck . . .
Small caps down on mixed jobs reactionSmall-cap stocks slipped into the red shortly after the open, pulled down concerns over a four-year high in the unemployment rate and by massive losses posted by U.S. manufacturing icon General Motors Corp. (NYSE:GM), which only stirs the pot on economic fretting. At 9:51 a.m. ET, the Russell 2000 (NYSE:IWM) was down 4.91, or 0.69%, at 709.62. Investors and analysts continue to grapple with the mixed details seen on today’s monthly Labor Department employment report. The “headline” figure for non-farm payrolls came in at minus 51,000, which was better than the consensus forecast for a loss of 75,000 jobs. There was some trepidation that the non-farm figure could swell beyond the forecast after Thursday’s dreadful weekly claims report (which was taken after the monthly jobs figures were gathered). The initial response to the non-farm payrolls figure was a six-handle bounce in S&P 500 futures, a firming of the dollar against the euro and a rise in Treasury yields. However, the devil is in the details, and today’s jobs report was not without some troubling aspects. The most obvious concern on the report was that the nation’s unemployment rate rose beyond expectations, climbing to 5.7%, which marked the highest level in more than four years. In addition, the number of people working part-time for economic reasons rose by 291,000 and has increased by 1.34 million, up 31.5% over the past year. “Over the past year, the number of unemployed people has increased by more than 1.6 million and the unemployment rate has increased by a full percentage point. In the post-World War II period, every time the unemployment rate has jumped by a full percentage point in the course of a year, the economy has slipped into . . .
TomoTherapy plunges 44% on full-year outlook below Street views
Radiation therapy manufacturer TomoTherapy Incorporated (Nasdaq:TOMO) has plunged more than 44% in pre-market trading today after lowering its 2008 forecast despite posting a narrower second-quarter loss. For the quarter ended June 30, revenue was $52 million, up from $43.7 from a year ago. Net loss attributable to common shareholders was $6.9 million, or $0.14 per share, compared with $103.3 million, or $3.15 per share, for the same period a year earlier. The 2007 results included the accretion of redeemable convertible preferred stock of $102.6 million.
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“We are disappointed with our second quarter results, especially the new order flow from the U.S. market,” said CEO Fred Robertson, in a statement. “The second quarter in the U.S. felt a lot like the first quarter in Europe. Our domestic sales team had a list of prospects that were expected to close during the quarter, but a number of them did not. We saw a nice turnaround in Europe during the second quarter, and Europe is now ahead of its plan year to date. As we’ve said before, our business fluctuates from quarter to quarter.” The company now expects full-year revenue of $190 million to $210 million, with a net loss of $0.28 to $0.43 per share. Analysts are expecting net income of $0.14 per share on revenues of $261.6 million. Ahead of today’s opening, shares are at $5.53, down $4.22 from a year ago.
TomoTherapy jumps after being added to Piper Jaffray’s Alpha List
TomoTherapy Inc. (Nasdaq:TOMO) is up 16% after investment bank Piper Jaffray added the Madison, Wis.-based maker of radiation therapy systems to its “Alpha List,” a list of companies whose shares Piper believes will move higher in the coming months. Piper reiterated its “buy” rating and $14 price target on TomoTherapy.
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Spherion, Image Sensing Systems and Amcore Financial lead small-cap percentage gainers
Spherion Corp (Nasdaq:SFN), Image Sensing Systems Inc (Nasdaq:ISNS) and Amcore Financial Inc (Nasdaq:AMFI) are among the biggest percentage gainers in Wednesday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: TomoTherapy Inc (Nasdaq:TOMO), HireRight Inc (Nasdaq:HIRE), Pantry Inc (Nasdaq:PTRY), Community Capital Corp (Nasdaq:CPBK), Gateway Financial Holdings Inc (Nasdaq:GBTS) and Nelnet Inc (Nasdaq:NNI). Here are the biggest percentage gainers among small caps:
Heritage Crystal Clean, Apex Silver Mines and Banro among 52-week lows
Heritage Crystal Clean Inc (Nasdaq:HCCI), Apex Silver Mines Ltd (Nasdaq:SIL) and Banro Corp (Nasdaq:BAA) are among the new 52-week lows in Monday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: Bancorp Bank (Nasdaq:TBBK), BNC Bancorp (Nasdaq:BNCN), Aircastle Ltd (Nasdaq:AYR), TomoTherapy Inc (Nasdaq:TOMO), KV Pharmaceutical Co (Nasdaq:KV.A) and ExlService Holdings Inc (Nasdaq:EXLS). Here are the new 52-week lows among small caps:
Russell rises as crude oil slips, durables impressSmall-cap stocks pushed higher on the opening, lifted by another slide in crude oil prices overnight, and by a pleasant upward surprise on durable goods data ahead of the opening. At 9:52 a.m. ET, the Russell 2000 (NYSE:IWM) was up 0.72, or 0.11%, at 735.11. Crude oil prices have now tumbled more than 5% off last week’s record highs, and were pressured overnight by news that Saudi Arabia would increase production and that Asian demand could begin to ebb because of high price levels. In general, the commodity story was under pressure early today, with gold sinking about 2% and grains prices expected to tumble this morning. There was some thought that traders might be unwinding some of the long crude oil/short dollar trades that have been so popular in recent months. The greenback was on a bid this morning, climbing 0.3% against the euro, and about 0.7% versus the yen. In general, a strong dollar at this stage of the economic cycle is seen as supportive to equities, reflecting investment flow demand and softening food and energy prices, which would bolster consumer purchasing power. Back to the durable goods report, the headline figure came in down 0.5%, which was better than the forecast for a slide of 1%, but the real surprise was on the ex-transportation figure, which was up 2.5%, well clear of the median expectation for a gain of 0.5%. The MBA Mortgage Application survey also came out this morning, and reflected slack demand, with the index down 4.6% and the purchase index off 17.4%. This is a volatile data base and appeared to be overshadowed by the durables surprise. The economic data push for today is now out of the way; later . . .
Pre-market: Omnicell, Zoran and TomoTherapy lead small-cap volumeOmnicell, Inc. (Nasdaq:OMCL), Zoran Corp. (Nasdaq:ZRAN) and TomoTherapy Inc. (Nasdaq:TOMO) are among the most actively traded companies in Tuesday's pre-market trading among those with market capitalizations under $750 million. Aladdin Knowledge Systems Ltd. (Nasdaq:ALDN), Volterra Semiconductor Corp. (Nasdaq:VLTR) and AgFeed Industries, Inc. (Nasdaq:FEED) are also among the most actively traded small-cap companies in pre-market trading. Here are the most actively traded small-cap companies in Tuesday's pre-market trading:
Friday's gainers and losers
Here are the day’s biggest percentage gainers and losers, along with top volume leaders, among companies with a market cap between $100 million and $750 million:
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Biggest percentage gainers:
• Raining Data Corp. (Nasdaq:RDTA), up 40% to $9.48 on news it plans on launching a new Internet browser-based application. • Overstock.com Inc. (Nasdaq:OSTK), up 32% to $18.47 on news of a narrower first-quarter loss. • DexCom Inc. (Nasdaq:DXCM), up 21% to $7.05. Biggest percentage losers:
• Chemotherapy Inc. (Nasdaq:TOMO), down 32% to $9.10 on news it reduced its earnings and sales outlook for the full year. • Pharmaxis Ltd. (Nasdaq:PXSL), down 25% to $23.00. • GFI Group Inc. (Nasdaq:GFIG), down 24% to $11.93. Volume leaders:
Small caps close in the greenSmall-cap stocks charged higher Friday, giving beleaguered bulls a happy weekend sendoff. The Russell 2000 (NYSE:IWM) rose 13.07, or 1.85% to 721.07, the highest daily close since mid-February as investors embraced the latest batch of earnings numbers with open arms. In a sense, it was a perfect storm of broad-based earnings reactions Friday, with Citigroup Inc. (NYSE:C) lifting financials, Google Inc. (Nasdaq:GOOG) fueling technology issues, and Caterpillar Inc. (NYSE:CAT) sparking buying interest in the manufacturing sector. It perhaps took a little creativity on the part of investors to “spin” the Citigroup story into a positive one, as the company still reported massive debt write-downs and missed the earnings estimate. In essence, investors looked through the headline numbers and decided the story on Citigroup was headed toward happier times. However, no such rose-colored glasses were needed for Google or Caterpillar. Google shot 20% — or about $90 bucks a share — as earnings topped estimates, and Caterpillar, which climbed about 8%, also beat their forecast despite sluggish economic conditions in the manufacturing sector in recent months. Just to add a little extra good vibes into the mix, another manufacturing giant, Honeywell International Inc. (NYSE:HON) also reported strong earnings and rose nearly 6% on the day. April options expirations came into play today, and the market appeared to be out of position on the short side, which likely fueled the rally, said Nick Kalivas, vice president of financial research with MF Global, in a phone interview. In addition, “there . . .
TomoTherapy, Pharmaxis and Universal American among 52-week lowsTomoTherapy Inc. (Nasdaq:TOMO), Pharmaxis Ltd. (Nasdaq:PXSL) and Universal American Corp. (NYSE:UAM) were among the new 52-week lows established during Friday's trading among companies with market capitalizations or values under $750 million. Calumet Specialty Products Partners, L.P (Nasdaq:CLMT), Mac-Gray Corp. (NYSE:TUC) and Ladish Co., Inc. (Nasdaq:LDSH) were also among the 52-week small-cap lows. Here are today's 52-week small-cap lows:
TomoTherapy skids on lowered ’08 guidance, expects loss in Q1Shares of TomoTherapy Inc. (Nasdaq:TOMO) are souring today after the maker of the Hi•Art treatment systems for advanced radiation therapy said after Thursday’s close that it is lowering its full year fiscal 2008 guidance and now expects to record a net loss in the first-quarter net loss due to an unanticipated shift of customer system deliveries into the second half of 2008 and into early 2009. Wall Street was forecasting a net profit for the first quarter. Shares plummeted 27%, or $3.58, to $9.77 at 12:02 p.m. ET. For detailed price information and recent news stories about TomoTherapy, click TOMO.
Bullish tremors in play on earnings, firm dollarSmall-cap stocks kicked off Friday’s session with a bang, with the Russell 2000 (NYSE:IWM) leaping 1.49% in early trading in line with overnight gains fueled by investor response to the latest batch of corporate earnings releases. The Russell shot to a morning high of 719.90, just shy of key chart resistance in the 720.50 zone. The headline earnings reports came from Citigroup Inc. (NYSE:C), Google Inc. (Nasdaq:GOOG) and Caterpillar Inc. (NYSE:CAT), which provided a “good news” feel to the morning’s action from the financial, technology and manufacturing sectors. Peoria, Ill.-based Caterpillar might not have been rocked much by last night’s 5.2-Richter earthquake in southeast Illinois, but strength in the manufacturing arena is a positive signal given sluggish economic conditions. Also on the manufacturing front, Honeywell International Inc. (NYSE:HON) beat the forecast on its earnings release and was up 4% in early trading this morning. Some of the headline figures from Citigroup were suspect — for instance, earnings were below the forecast, but write-downs from the credit crunch were not as bad as feared, and investors embraced the news from the standpoint that the worst had already been priced into Citigroup’s valuation. It’s a risky leap of faith, . . .
Pre-market: TomoTherapy, SiRF Technology Holdings and Overstock.com lead small-cap volumeTomoTherapy Inc. (Nasdaq:TOMO), SiRF Technology Holdings Inc. (Nasdaq:SIRF) and Overstock.com, Inc. (Nasdaq:OSTK) are among the most actively traded companies in Friday's pre-market trading among those with market capitalizations under $750 million. Sigma Designs, Inc. (Nasdaq:SIGM), China Sunergy Co., Ltd. (Nasdaq:CSUN) and Akeena Solar, Inc. (Nasdaq:AKNS) are also among the most actively traded small-cap companies in pre-market trading. Here are the most actively traded small-cap companies in Friday's pre-market trading:
Friday's pre-market gainers and losers
Here are the biggest percentage gainers and losers in pre-market trading among companies with a market cap between $100 million and $750 million:
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Biggest percentage gainers:
• iGATE Corp. (Nasdaq:IGTE), up 11% on news of a rise in fourth-quarter revenue. • Ceragon Networks Ltd. (Nasdaq:CRNT), up 8% on news that first-quarter earnings met analysts’ projections. • SiRF Technology Holdings, Inc. (Nasdaq:SIRF), up 5% Biggest percentage losers:
• Chemotherapy Inc. (Nasdaq:TOMO), down 32% on news it expects a first-quarter loss. • China GrenTech Corp. (Nasdaq:GRRF), down 14% on news of a decline in fourth-quarter earnings. • comScore Inc. (Nasdaq:SCOR), down 5%. spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer
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