Taser International Inc and Naugatuck Vally Financial Lead Small-Cap Percentage GainersTaser International Inc (Nasdaq:TASR), Naugatuck Vally Financial (Nasdaq:NVSL), New Centry BanCorp Inc (Nasdaq:NCBC) and Rodman & Renshaw Capital Group Inc (Nasdaq:RODM) are among the biggest percentage Gainers in Wednesday's trading among companies with market capitalizations under $1 billion.
Interwoven, DryShips and Palm lead small-cap volume in pre-market
Interwoven Inc. (Nasdaq:IWOV), DryShips Inc. (Nasdaq:DRYS) and Palm Inc. (Nasdaq:PALM) are among the most actively traded companies in Thursday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: Eclipsys Corp. (Nasdaq:ECLP), Eagle Bulk Shipping Inc. (Nasdaq:EGLE), Geron Corp. (Nasdaq:GERN), TBS International Ltd. (Nasdaq:TBSI), Taser International Inc. (Nasdaq:TASR) and Indevus Pharmaceuticals Inc. (Nasdaq:IDEV).
DryShips, ADC Telecommunications and GeoResources lead small-cap volume in pre-market
DryShips Inc. (Nasdaq:DRYS), ADC Telecommunications Inc. (Nasdaq:ADCT) and GeoResources Inc. (Nasdaq:GEOI) are among the most actively traded companies in Monday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: Eagle Bulk Shipping Inc. (Nasdaq:EGLE), TBS International Ltd. (Nasdaq:TBSI), ASM International NV (Nasdaq:ASMI), Tech Data Corp. (Nasdaq:TECD), Dime Community Bancshares Inc. (Nasdaq:DCOM) and TASER International Inc. (Nasdaq:TASR).
Sun Healthcare Group, Linn Energy and UAL lead small-cap volume in pre-marketSun Healthcare Group Inc. (Nasdaq:SUNH), Linn Energy LLC. (Nasdaq:LINE) and UAL Corp. (Nasdaq:UAUA) are among the most actively traded companies in Friday's trading among companies with market capitalizations under $1 billion. Also included among the results: Solarfun Power Holdings Co. Ltd. (Nasdaq:SOLF), JA Solar Holdings Co. Ltd. (Nasdaq:JASO), Canadian Solar Inc. (Nasdaq:CSIQ), DryShips Inc. (Nasdaq:DRYS), Regency Energy Partners LP (Nasdaq:RGNC) and Taser International Inc. (Nasdaq:TASR). Here are the most actively traded companies among small caps:
GigaMedia, China Sunergy and Dendreon lead small-cap volume in pre-market
GigaMedia Ltd. (Nasdaq:GIGM), China Sunergy Co Ltd. (Nasdaq:CSUN) and Dendreon Corp. (Nasdaq:DNDN) are among the most actively traded companies in Tuesday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: Datascope Corp. (Nasdaq:DSCP), Alvarion Ltd. (Nasdaq:ALVR), TASER International Inc. (Nasdaq:TASR), Netlogic Microsystems Inc. (Nasdaq:NETL), Clean Energy Fuels Corp. (Nasdaq:CLNE) and Solarfun Power Holdings Co Ltd. (Nasdaq:SOLF). Here are the most actively traded companies among small caps:
China Sunergy Co., Novatel Wireless and Retalix lead small-cap volume in pre-marketChina Sunergy Co Ltd (Nasdaq:CSUN), Novatel Wireless Inc (Nasdaq:NVTL) and Retalix Ltd (Nasdaq:RTLX) are among the most actively traded companies in Wednesday's trading among companies with market capitalizations under $1 billion. Also included among the results: Sierra Wireless Inc. (Nasdaq:SWIR), FX Energy Inc. (Nasdaq:FXEN), InterVoice Inc. (Nasdaq:INTV), Taser International Inc. (Nasdaq:TASR), BSD Medical Corp. (Nasdaq:BSDM) and Ultra Clean Holdings Inc. (Nasdaq:UCTT). Here are the most actively traded companies among small caps:
Russell extends slide as econ worries snap supportSmall-cap stocks remained under pressure into mid-session, anchored down by renewed concerns about the economic picture and by ongoing jitters over the credit crisis. The Russell 2000 (NYSE:IWM) tumbled to session lows, snapping chart support at 734 while moving within striking distance of key support at 726. At 12:35 a.m. ET, the Russell was down 11.71, or 1.58%, at 730.26. Small caps were noticeably weaker than large-cap index products, with the Dow off about 1.11% and the S&P 500 down 0.92%. Small caps have outperformed all year long and were overbought on momentum readings coming into this week’s action. Looking at dozens of individual small-cap stocks, one theme keeps repeating: stocks that were making new move highs just last week are getting pounded as investors scramble to book profits. That desire to step aside on equities was ignited Monday when financial shares came under renewed fire from worries about the credit crunch amid reports that several large players still are facing massive debt write-downs. On that same theme today, analysts cautioned that Lehman Brothers Holdings Inc. (NYSE:LEH) could take another $4 billion in mortgage-tied losses this quarter, and LEH stock took a dive approaching 9%. Fresh economic data on inflation and housing failed to offer any immediate good news to counter the dour investor mood, as the Producer Price Index (PPI) climbed to 27-year highs on a yearly basis. What’s more, the PPI also showed that inflation was creeping into other areas besides gas and food, which makes it harder to discount the data by pointing at recent declines in energy prices. On the energy front today, crude oil prices were actually sinking, moving back toward $112 a barrel, as energy traders fret about soft demand from slumping economic conditions around the world. In addition, the latest tropical storm to slam through the Gulf of Mexico region veered away from key production areas, which negated the need to build a storm premium into the market. The U.S. dollar softened as the stock market ebbed, with the greenback tumbling 0.6% against the euro and slipping about 0.3% against the yen. Elsewhere on the commodities front, grains prices were . . .
Taser International appoints new chief strategy officer, shares gainStun-gun maker Taser International, Inc. (Nasdaq:TASR) said today that it named Jas Dhillon as chief strategy officer and general manager of its newly formed virtual systems division, propping shares up in midday trading. Dhillon will oversee the development of growth plans and new product and business development. Dhillon has 11 years of CEO experience and 12 years of Fortune 100 operational leadership, management consulting and venture capital experience. Shares gained 10%, or $0.58, to $6.53 midday. For detailed price information and news stories on Taser International, click TASR.
Magna Entertainment, Taser International and LSB lead small-cap percentage gainersMagna Entertainment (Nasdaq:MECA), Taser International Inc. (Nasdaq:TASR) and LSB Corp. (Nasdaq:LSBX) are among the biggest percentage gainers in Tuesday's trading among companies with market capitalizations under $1 billion. Also included among the results: Alloy Inc. (Nasdaq:ALOY), Encore Bancshares Inc. (Nasdaq:EBTX), PokerTek Inc. (Nasdaq:PTEK), Savannah Bancorp Inc. (Nasdaq:SAVB), Ultra Clean Holdings Inc. (Nasdaq:UCTT) and BCB Bancorp Inc.(Nasdaq:BCBP). Here are the biggest percentage gainers among small caps:
Canadian Solar, China Sunergy and Fuqi International lead small-cap volume in pre-market
Canadian Solar Inc (Nasdaq:CSIQ), China Sunergy Co Ltd (Nasdaq:CSUN) and Fuqi International Inc (Nasdaq:FUQI) are among the most actively traded companies in Tuesday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: Phase Forward Inc (Nasdaq:PFWD), TASER International Inc (Nasdaq:TASR), Cal-Maine Foods Inc (Nasdaq:CALM), Spectranetics Corp (Nasdaq:SPNC), Ladish Co Inc (Nasdaq:LDSH) and Ness Technologies Inc (Nasdaq:NSTC). Here are the most actively traded companies among small caps:
Quest Energy Partners, Crucell and USA Truck lead small-cap volume in pre-market
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.
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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:
Quest Resource, Boston Private Financial and Vasco Data Security International lead small-cap volume in pre-market
Quest Resource Corp (Nasdaq:QRCP), Boston Pri Finl Holdings (Nasdaq:BPFH) and Vasco Data Security International Inc (Nasdaq:VDSI) are among the most actively traded companies in Thursday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: TASER International Inc (Nasdaq:TASR), Vital Signs Inc (Nasdaq:VITL), HireRight Inc (Nasdaq:HIRE), SIERRA WIRELESS INC (Nasdaq:SWIR), MKS Instruments Inc (Nasdaq:MKSI) and Crocs Inc (Nasdaq:CROX). Here are the most actively traded companies among small caps:
YRC Worldwide, Kosan Biosciences and China Precision Steel lead small-cap volume in pre-market
YRC Worldwide Inc (Nasdaq:YRCW), Kosan Biosciences Inc (Nasdaq:KOSN) and China Precision Steel Inc (Nasdaq:CPSL) are among the most actively traded companies in Wednesday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: New Oriental Energy & Chemical Corp (Nasdaq:NOEC), NGAS Resources Inc (Nasdaq:NGAS), TASER International Inc (Nasdaq:TASR), Origin Agritech Ltd (Nasdaq:SEED), Mellanox Technologies Ltd (Nasdaq:MLNX) and China Sunergy Co Ltd (Nasdaq:CSUN). Here are the most actively traded companies among small caps:
Third Wave Technologies, Sequenom and HireRight lead small-cap volume in pre-market
Third Wave Technologies Inc (Nasdaq:TWTI), Sequenom Inc (Nasdaq:SQNM) and HireRight Inc (Nasdaq:HIRE) are among the most actively traded companies in Tuesday's trading among companies with market capitalizations under $1 billion.
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CMGI Inc (Nasdaq:CMGI), Crocs Inc (Nasdaq:CROX) and TASER International Inc (Nasdaq:TASR) are also among the most actively traded companies. Synchronoss Technologies Inc (Nasdaq:SNCR), UAL Corp (Nasdaq:UAUA) and National Coal Corp (Nasdaq:NCOC) were additionally included among the results. Here are the most actively traded companies among small caps:
Rimage, AEP Industries and Heritage Commerce among 52-week lows
Rimage Corp (Nasdaq:RIMG), AEP Industries Inc (Nasdaq:AEPI) and Heritage Commerce Corp (Nasdaq:HTBK) are among the new 52-week lows in Monday's trading among companies with market capitalizations under $1 billion.
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TASER International Inc (Nasdaq:TASR), Benihana Inc (Nasdaq:BNHNA) and Community Bancorp (Nevada) (Nasdaq:CBON) are also among the new 52-week lows City Bank (Nasdaq:CTBK), Jazz Pharmaceuticals Inc (Nasdaq:JAZZ) and Banner Corp (Nasdaq:BANR) were additionally included among the results. Here are the new 52-week lows among small caps:
Rimage, AEP Industries and Spreadtrum Communications lead small-cap percentage losers
Rimage Corp (Nasdaq:RIMG), AEP Industries Inc (Nasdaq:AEPI) and Spreadtrum Communications Inc (Nasdaq:SPRD) are among the biggest percentage losers in Monday's trading among companies with market capitalizations under $1 billion.
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TASER International Inc (Nasdaq:TASR), Astro-Med Inc (Nasdaq:ALOT) and PAM Transportation Services Inc (Nasdaq:PTSI) are also among the biggest percentage losers. Pier 1 Imports Inc (Nasdaq:PIR), Southern Community Financial Corp (Nasdaq:SCMF) and UFP Technologies Inc (Nasdaq:UFPT) were additionally included among the results. Here are the biggest percentage losers among small caps:
Third Wave Technologies, Iconix Brand Group and Royale Energy lead small-cap volume in pre-market
Third Wave Technologies Inc (Nasdaq:TWTI), Iconix Brand Group Inc (Nasdaq:ICON) and Royale Energy Inc (Nasdaq:ROYL) are among the most actively traded companies in Monday's trading among companies with market capitalizations under $1 billion.
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TASER International Inc (Nasdaq:TASR), China Sunergy Co Ltd (Nasdaq:CSUN) and Inspire Pharmaceuticals Inc (Nasdaq:ISPH) are also among the most actively traded companies. Crocs Inc (Nasdaq:CROX), Hoku Scientific Inc (Nasdaq:HOKU) and Sequenom Inc (Nasdaq:SQNM) were additionally included among the results. Here are the most actively traded companies among small caps:
Taser lower on charges from California juryShares of Taser International, Inc. (Nasdaq:TASR) are lower in pre-market trading after a California jury penalized the stun-gun maker Saturday for contributing to the death of Robert Heston in February 2005. The jury charged the Scottsdale, Ariz.-based firm with roughly $1 million in compensatory damages and $5.2 million in punitive damages, stating that Taser’s ECD contributed 15% to the death of Mr. Heston. Shares fell 7.2%, or $0.50, to $6.40 in pre-market trading. For detailed price information and recent news stories about Taser, click TASR.
Akeena Solar, China Precision Steel and Packeteer lead small-cap volume in pre-market
Akeena Solar Inc (Nasdaq:AKNS), China Precision Steel Inc (Nasdaq:CPSL) and Packeteer Inc (Nasdaq:PKTR) are among the most actively traded companies in Thursday's trading among companies with market capitalizations under $750 million.
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Origin Agritech Ltd (Nasdaq:SEED), Progenics Pharmaceuticals Inc (Nasdaq:PGNX) and TASER International Inc (Nasdaq:TASR) are also among the most actively traded companies. Here are the most actively traded companies among small caps:
Taser inks 4 major follow-on orders in Australia and the U.S.Stun gun maker Taser International, Inc. (Nasdaq:TASR), said this morning that it secured several large follow-on orders from domestic and international customers. Specifically, the company said it received orders from the New South Wales Police Department, the largest law enforcement agency in Australia; the Harris County Sheriff's Department in Tomball, Texas; the Kentucky State Patrol in Frankfort, Kentucky and the Honolulu Police Department in Honolulu, Hawaii. Shares gained 4%, or $0.52, to $14.50 in pre-market trading. For detailed price information and recent news stories about Taser, click TASR.
Pre-market: Emcore, Website Pros and Alvarion lead small-cap volumeEMCORE Corp (Nasdaq:EMKR), Website Pros Inc (Nasdaq:WSPI) and Alvarion Ltd. (Nasdaq:ALVR) are among the most actively traded companies in Monday's pre-market trading among those with market capitalizations under $750 million. STEC Inc (Nasdaq:STEC), NextWAVE Wireless Ord Shs (Nasdaq:WAVE), AgFeed Industries Inc (Nasdaq:FEED) and TASER International Inc (Nasdaq:TASR) are also among the most actively traded small-cap companies in pre-market trading. Here are the most actively traded small-cap companies in Monday's pre-market trading:
Taser to buyback up to $12.5M in sharesTaser International Inc. (Nasdaq:TASR), the developer of electronic control devices for use in the law enforcement and personal defense, said this morning that it is launching a share buyback program in which it will repurchase up to $12.5 million worth of shares. Shares edged up 1.5%, or $0.11, to $7.43 ahead of the opening bell. For detailed price information and recent news stories about Taser, click TASR.
Pre-market: TASER International, China Finance Online and Origin Agritech lead small-cap volume
TASER International, Inc. (Nasdaq:TASR), China Finance Online Co. (Nasdaq:JRJC) and Origin Agritech Ltd. (Nasdaq:SEED) are among the most actively traded companies in Monday's pre-market trading among those with market capitalizations under $750 million.
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Sutor Technology Group Ltd. (Nasdaq:SUTR), E-Com Ventures, Inc. (Nasdaq:ECMV) and Radware Ltd. (Nasdaq:RDWR) are also among the most actively traded small-cap companies in pre-market trading. Here are the most actively traded small-cap companies in Monday's pre-market trading:
Small caps push higher on firm dollar, dip in commoditiesSmall-cap stocks pushed higher Thursday, with the Russell 2000 (NYSE:IWM) climbing 8.96, or 1.27%, to 717.07. Small caps assumed leadership among equity index products on the rise, fueled by a bounce in the U.S. dollar and a drop in crude oil prices. Financial stocks and insurers provided a significant lift to equities big and small, with Merrill Lynch (NYSE:MER) jumping nearly 8% as the company raised its dividend, and insurance giant Travelers (NYSE:TRV) climbing 5% as the company upgraded its 2008 outlook. Commodities took a tumble today, which may have eased some of the food and energy fears that have weighed on investor psyche and made headlines in national and international media. Just two days after a USA Today poll said that rising food costs were a major concern for a majority of consumers, news hit around the country of rice being rationed at grocery stores because of shortages. However, the Commodity Research Bureau Index tumbled 1.6% today, which may have provided a lift to stocks, especially since crude oil came off about $3 per barrel from its lofty perch. Investors also appeared to breathe a sigh of relief about the economic outlook when weekly claims came out at 342,000, much better than the forecast of 375,000. Even though durable goods orders were relatively soft and the New Home Sales report was awful, market focus seemed to settle in on the claims data as a bright enough spot to counter the other economic news. As it stands, the durables data tends to fluctuate quite a bit month-to-month, and everyone already knows that the housing market is floundering. The only data of note Friday morning comes from the Michigan . . .
CEO: Taser to increase R&D spendingTaser International, Inc. (Nasdaq:TASR) CEO Patrick Smith said that although the first quarter is seasonably weak, the stun-gun maker is proud of year-over-year growth in a challenging economic environment. Smith made the comments during a morning conference call. Going forward, Smith said the company will increase its research and development spending. During the first quarter, Taser more than doubled its research and development spending to $2.1 million, compared with $1 million a year earlier. “We believe that now is the time to make bold moves to extend our technological leadership,” Smith said. The CEO invited investors to attend Taser’s annual shareholder meeting on May 28 at the company’s headquarters in Scottsdale, Ariz. Although the company has seen municipalities cut back on spending for police forces, CFO Daniel Behrendt said Taser is not cutting back on its sales efforts. “The U.S. economy is certainly a challenge for us. Municipal budgets are a little tighter than they have been in previous years,” Behrendt said. “Our plan is that the new products and new markets that we’re focused on will help to offset any weakness in our U.S. law enforcement business. We still feel very good about the international business, the military, the private security, the corrections and the consumer business.” “We’re going to be engaging in some very interesting business this year and we’ll start to open the kimono a little bit at our annual shareholder meeting,” Smith . . .
AmericanWest Bancorp, Monarch Casino & Resort and Vasco Data Security International lead small-cap percentage losersAmericanWest Bancorp. (Nasdaq:AWBC), Monarch Casino & Resort, Inc. (Nasdaq:MCRI) and Vasco Data Security International, Inc. (Nasdaq:VDSI) are among the biggest percentage losers in Thursday's trading among companies with market capitalizations under $750 million. L.B. Foster Co. (Nasdaq:FSTR), Taser International, Inc. (Nasdaq:TASR) and Barrett Business Services, Inc. (Nasdaq:BBSI) are also among the top small-cap percentage losers. Here are Thursday's biggest percentage losers among small caps:
Pre-market: Taser International, China Finance Online and Spartan Motors lead small-cap volumeTASER International, Inc. (Nasdaq:TASR), China Finance Online Co. (Nasdaq:JRJC) and Spartan Motors, Inc. (Nasdaq:SPAR) are among the most actively traded companies in Thursday's pre-market trading among those with market capitalizations under $750 million. Encore Wire Corp. (Nasdaq:WIRE), Comverge, Inc. (Nasdaq:COMV) and AsiaInfo Holdings, Inc. (Nasdaq:ASIA) are also among the most actively traded small-cap companies in pre-market trading. Here are the most actively traded small-cap companies in Thursday's pre-market trading:
Pre-market: Sequenom, Akeena Solar and TASER International lead small-cap volumeSequenom, Inc. (Nasdaq:SQNM), Akeena Solar, Inc. (Nasdaq:AKNS) and TASER International, Inc. (Nasdaq:TASR) are among the most actively traded companies in Friday's pre-market trading among those with market capitalizations under $750 million. Jos. A. Bank Clothiers, Inc. (Nasdaq:JOSB), Converted Organics Inc. (Nasdaq:COIN) and ShengdaTech, Inc. (Nasdaq:SDTH) 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:
Taser now available at Sports Authority
Shares of Taser International Inc. (Nasdaq:TASR) are higher on news before the opening that retail chain The Sports Authority will carry the company’s personal protection devices in selected stores. The product will debut on Friday and will initially be available in 138 stores nationwide.
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At 1:47 p.m. ET, the stock had added $0.68, or 7%, to $10.45.
Russell 2000 falls on weak economyThe Russell 2000 (NYSE: IWM) is lower on economic news that makes a recession more likely. At 1:13 p.m. ET, the small-cap index had declined 0.71 points, or 0.10%, to 685.47. The Dow Jones Industrial Average (INDU) was down 22.47 points, or 0.18%, to 12,243.92. A recession seems more likely now, following reports showing a decline in construction spending and manufacturing. Factory activity fell to 48.3 in February from 50.7 in January, the Institute for Supply Management reported after the start of trading. Economists were expecting to see a steeper decline. Readings below 50 indicate a contraction. Meanwhile, the U.S. Census Bureau reported after the opening that construction spending fell more than expected in January, its forth consecutive drop. The numbers show a 1.7% monthly decline to a seasonally adjusted annual rate of $1.121 trillion. Residential construction is down the most, reflecting the ongoing stagnation in the U.S. housing sector. On a year-over-year basis, total constriction spending is down 3.3%. Shares of Clearwire Corp. (Nasdaq: CLWR), which builds and operates wireless broadband networks that enable Internet communications, have added 3%.
Small caps plunge on BernankeThe Russell 2000 (NYSE: IWM) posted the steepest decline as U.S. indices fell on news that U.S. Federal Reserve chairman Ben Bernanke called economic growth “sluggish.” The small-cap index lost 16.61 points, or 2.30%, to 705.32. The Dow Jones Industrial Average (INDU) declined 175.26 points, or 1.40%, to 12,376.98. On a year-to-date basis, the Russell 2000 has let go 7.93%, while the Dow is missing 6.69% and the S&P 500 has fallen 8.14%. “My baseline outlook involves a period of sluggish growth, followed by a somewhat stronger pace of growth starting later this year,” Bernanke told the Senate Banking Committee today. “The outlook for the economy has worsened in recent months, and the downside risks to growth have increased.” The bears took complete control of trading as soon as the Fed chief began his congressional testimony at 10 a.m. ET and small-cap stocks began a virtually uninterrupted slide down. Bernanke hinted that rate cuts are possible in the future and pointed out he is not predicting a recession, but investors didn’t take notice. In economic news, the U.S. Commerce Department reported that the country’s trade deficit fell by a greater-than-expected 6.9% to $58.76 billion in December from $63.12 billion in November. However, the U.S. Labor Department reported that for the week ended Feb. 9, the four-week moving average for new jobless claims increased 12,000 to its highest level since October 2005.
Small caps stay positiveThe Russell 2000 (NYSE: IWM) has stayed in the green, extending a rebound from its morning lows. At 2:49 p.m. ET, the small-cap index had climbed 2.18 points, or 0.31%, to 701.08. The Dow Jones Industrial Average (INDU) had added 30.16 points, or 0.25%, to 12,212.29. The bulls have returned to Wall Street as stocks shake off their earlier losses and investors go bargain-hunting. The Russell 2000 moved into positive territory shortly before 1 p.m. ET, after spending the first half of the session in the red following news of more credit problems stemming from the stagnating U.S. housing sector. Insurer American International Group Inc. (NYSE: AIG) announced before the start of trading that it may have to write off billions in mortgage debt and would need to change the way it values its credit default swaps involving collateralized debt obligations. Elsewhere, Sunnyvale, Calif.-based Yahoo! Inc. (Nasdaq: YHOO) reported before the opening that it will reject a $42 billion takeover bid from Microsoft Corp. (MSFT), arguing that the offer is too low.
Taser International rises on analyst actionTaser International, Inc. (Nasdaq: TASR) shares are among the most heavily traded small-cap stocks in Friday morning trading. On Thursday, the investment bank Feltl & Co. upgraded Taser to a “buy” rating from “hold” with a price target of $14. Also, investment bank Jeffries & Co. said in a note on Friday that Taser investors should be encouraged by a proposal by the Toronto Police to give officers Taser guns. The stun-gun maker was not immediately available for comment. Scottsdale, Ariz.-based Taser is holding its fourth-quarter conference call on Feb. 14 at 10 a.m. In morning trading, TASR shares are up 9.18%, or $0.89, at $10.59. Over the last 52 weeks, shares have ranged from $7.44 to $19.36.
Taser International, Inc. announced two new ordersShares of Taser International, Inc. (Nasdaq:TASR) are edging higher in pre-market trading this morning after the advanced electronic control devices maker announced that it received new orders from two law enforcement agencies. Specifically, a federal law enforcement agency and Onondaga County Sheriff's Office based in Syracuse, NY placed orders for Taser’s X26 Electronic Control Devices (ECDs) and related accessories. Shares of Taser gained 1.71%, or $0.24 to $14.30 in pre-market trading.
Taser announces order with international clientTaser International, Inc. (Nasdaq: TASR), announced that it received an order from a foreign international law enforcement agency for 1,375 Taser X26 Electronic Control Devices and related accessories. “This order provides the continuation of large deployments of our TASER technology overseas to international law enforcement agencies outside the European Union," said Tom Smith, Chairman and Co-Founder of TASER International. "We anticipate making an impact in law enforcement around the world as more and more countries successfully conclude evaluation periods and deploy TASER technology to protect life." On the heels of Taser’s announcement today, Wold, who rates Taser as a “buy,” is increasing his second quarter revenue estimate to $22.3 million from $21.1 million. Wold notes that there is still room for upside in the second quarter given that there is potential for more orders before the termination of the quarter. This order comes after another international order announced May 24 for $1.4 million.
Pre-market: Philips buys Color Kinetics
Color Kinetics Inc. (Nasdaq: CLRK), which makes lighting systems, will be bought by Dutch electronics giant Philips for $793.5 million, the Boston-based company said this morning. That’s a price of $34 per share. The stock has added $3.71, or 12%, to $33.50.
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Shares of Allos Therapeutics, Inc. (Nasdaq: ALTH) are higher despite news this morning that the Westminster, Col.-based company’s cancer drug failed to achieve the primary endpoint of a Phase III clinical trial.
Three lawsuits dropped against TASERTASER International, Inc. (Nasdaq:TASR) announced Monday that plaintiffs in three separate product liability lawsuits voluntarily dropped their litigation filed against the company. “We are encouraged that plaintiffs are beginning to understand that TASER International remains adamant in our position of not settling suspect injury or death lawsuits,” said Vice President and General Counsel of TASER International Doug Klint. “We believe that … the plaintiffs’ inability to show a product defect or any evidence of causation played a key role in the decisions to voluntary dismiss these lawsuits against TASER International.” The Scottsdale, Ariz.-based company, which has not lost any product liability lawsuits, stated that it did not pay compensation of any type, other than waiving counterclaims for costs and fees. Shares of TASER traded down 0.98% or $0.12 to $12.17 in midday trading Monday.
Pre-market: Synovis profitable in Q1
Shares of Synovis Life Technologies, Inc. (Nasdaq: SYNO) have appreciated on news this morning that the St. Paul, Minn.-based medical devices maker had a net income in the second fiscal quarter of $0.76 million, or $0.06 per share, compared with a net loss of $0.48 million, or $0.04 per share, a year earlier. Wall Street was looking for earnings of $0.01 per share. The stock has added $0.23, or 2%, to $13.08.
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Pre-market: PacificNet narrows profit
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.
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Pre-market: Deb Shops same-store sales fall
Shares of Philadelphia, Pa.-based retailer Deb Shops, Inc. (Nasdaq: DEBS) are moving up despite news this morning that comparable store sales decreased 4.7% in April 2007 as compared to April 2006. Shares are up $0.28, or 1.03%, to $27.35.
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Cell Therapeutics tops pre-market small-cap most actives
The following are the most actively traded companies in pre-market trading among those with market capitalizations under $500 million at 8:44 ET:
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Record close for Russell 2000, Dow
The Russell 2000 and the Dow rallied to new record closes on news of stronger-than-expected durable goods orders and strong quarterly results by online retailing giant Amazon.com Inc. Among small caps, shares of Industrial Services of America, Inc. (Nasdaq: IDSA) got a boost on a rise in net income, while news of a positive drug trial lifted XenoPort, Inc. (Nasdaq: XNPT).
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The Russell 2000 gained 5.71 points, or 0.69 percent, to set new record close of 832.07. The previous record of 831.44 was set on April 16. The Dow Jones Industrial Average also closed at a record high, adding 135.95 points, or 1.05 percent, to 13,089.89. Its previous record close was 12,981.98, achieved on April 20. The Dow has been up 17 times in the last 19 sessions. 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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