Allos Therapeutics Inc. and Take Two Interactive Software, lead small-cap volume
Allos Therapeutics Inc. (Nasdaq:ALTH), Take Two Interactive Software (Nasdaq:TTWO) and Origin Agritech Ltd. (Nasdaq:SEED) and Morgan Stanley (Nasdaq:MS) are among the most actively traded companies in Friday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: International Royalty Corp (Nasdaq:ROY) and Saks Inc. (Nasdaq:SKS), American Axle Manufacturing Holdings Inc. (Nasdaq:AXL) Radian Inc. (Nasdaq:RDN) and Lennar Corp. (Nasdaq:LEN).
Allos Therapeutics, Amedisys and Novavax lead small-cap volume in pre-market
Allos Therapeutics Inc. (Nasdaq:ALTH), Amedisys Inc. (Nasdaq:AMED) and Novavax Inc. (Nasdaq:NVAX) 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: Vical Inc. (Nasdaq:VICL), China Natural Gas Inc. (Nasdaq:CHNG), Spectrum Pharmaceuticals Inc. (Nasdaq:SPPI), Sequenom Inc. (Nasdaq:SQNM), Century Aluminum Co. (Nasdaq:CENX) and Sanmina-SCI Corp. (Nasdaq:SANMD).
Allos Therapeutics, Novavax and OmniVision Technologies lead small-cap volume in pre-market
Allos Therapeutics Inc. (Nasdaq:ALTH), Novavax Inc. (Nasdaq:NVAX) and OmniVision Technologies Inc.(Nasdaq:OVTI) are among the most actively traded companies in Friday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: Immunomedics Inc. (Nasdaq:IMMU), Aruba Networks Inc. (Nasdaq:ARUN), Sequenom Inc. (Nasdaq:SQNM), Century Aluminum Co. (Nasdaq:CENX), Solarfun Power Holdings Co Ltd. (Nasdaq:SOLF) and Canadian Solar Inc. (Nasdaq:CSIQ).
Lawson Software, Spectrum Pharmaceuticals and China Housing & Land Development lead small-cap volume in pre-market
Lawson Software Inc. (Nasdaq:LWSN), Spectrum Pharmaceuticals Inc. (Nasdaq:SPPI) and China Housing & Land Development Inc. (Nasdaq:CHLN) 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: Geron Corp. (Nasdaq:GERN), ATP Oil & Gas Corporation (Nasdaq:ATPG), TriQuint Semiconductor Inc. (Nasdaq:TQNT), Omniture Inc. (Nasdaq:OMTR), Allos Therapeutics Inc. (Nasdaq:ALTH) and Acorda Therapeutics Inc. (Nasdaq:ACOR).
AgFeed Industries, Canadian Solar and Allos Therapeutics lead small-cap volume in pre-market
AgFeed Industries Inc. (Nasdaq:FEED), Canadian Solar Inc. (Nasdaq:CSIQ) and Allos Therapeutics Inc. (Nasdaq:ALTH) 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: Star Bulk Carriers Corp. (Nasdaq:SBLK), Eagle Bulk Shipping Inc. (Nasdaq:EGLE), OncoGenex Pharmaceuticals Inc. (Nasdaq:OGXI), Vanda Pharmaceuticals Inc. (Nasdaq:VNDA), Yadkin Valley Financial Corp. (Nasdaq:YAVY) and Aruba Networks Inc. (Nasdaq:ARUN).|
DryShips, A Power Energy Generation Systems and Allos Therapeutics lead small-cap volume in pre-market
DryShips Inc. (Nasdaq:DRYS), A Power Energy Generation Systems Ltd. (Nasdaq:APWR) and Allos Therapeutics Inc. (Nasdaq:ALTH) 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: BreitBurn Energy Partners L P (Nasdaq:BBEP), Eagle Bulk Shipping Inc. (Nasdaq:EGLE), GMX Resources Inc. (Nasdaq:GMXR), Focus Media Holding Ltd. (Nasdaq:FMCN), UAL Corp. (Nasdaq:UAUA) and GigaMedia Ltd. (Nasdaq:GIGM).
Acorda Therapeutics, China Sky One Medical and Lennar lead small-cap percentage losers
Acorda Therapeutics Inc. (Nasdaq:ACOR), China Sky One Medical Inc. (Nasdaq:CSKI) and Lennar Corp. (Nasdaq:LEN) are among the biggest percentage losers in Tuesday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: Oxford Industries Inc. (Nasdaq:OXM), Ener1 Inc. (Nasdaq:HEV), Cheviot Financial Corp. (Nasdaq:CHEV), Winmark Corp. (Nasdaq:WINA), CNB Financial Corp. (Nasdaq:CCNE) and Allos Therapeutics Inc. (Nasdaq:ALTH).
Acorda Therapeutics, GigaMedia and Synaptics lead small-cap volume in pre-market
Acorda Therapeutics Inc. (Nasdaq:ACOR), GigaMedia Ltd. (Nasdaq:GIGM) and Synaptics Inc. (Nasdaq:SYNA) 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: Energy Conversion Devices Inc. (Nasdaq:ENER), Allos Therapeutics Inc. (Nasdaq:ALTH), TBS International Ltd. (Nasdaq:TBSI), Smith & Wesson Holding Corp. (Nasdaq:SWHC), China Sky One Medical Inc. (Nasdaq:CSKI) and Cyberonics Inc. (Nasdaq:CYBX).
Fuel Systems Solutions, athenahealth and Allos Therapeutics lead small-cap volume in pre-marketFuel Systems Solutions Inc. (Nasdaq:FSYS), athenahealth Inc. (Nasdaq:ATHN) and Allos Therapeutics Inc. (Nasdaq:ALTH) are among the most actively traded companies in Monday's trading among companies with market capitalizations under $1 billion.
Russell sinks back lower on Wednesday's closing; ALTH, TGY, and EGLE lead gainers
Small-cap stocks slipped Wednesday, as an early lift on better-than-feared economic data and firm tech stocks was overshadowed in the afternoon by worries about banks, fretting over delays in the Obama stimulus program and slumping retail stocks. Some of today’s small-cap gainers were Allos Therapeutics Inc. (Nasdaq:ALTH), Tremisis Energy Acquisition Corp. (NYSE:TGY) and Eagle Bulk Shipping Inc. (Nasdaq:EGLE).
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Other Market Watch highlights today included: • Insurance firms, packaged foods companies, entertainment firms, breweries and tobacco stocks were on the slide. • Looking at sector activity so far, metals and mining stocks were doing well, as were semiconductors, forest products and investment banks. • Ahead of the opening today, the ADP Employment survey pegged a decline in non-farm payrolls of 522,000. • The ISM Non-Manufacturing Report came in at 42.9, which was better than the consensus forecast of 39.1 Small Cap Gainers: • Allos Therapeutics Inc. rose 4.8% on brisk turnover following news Tuesday afternoon that the company plans to submit a new drug application to the FDA in the next few months. See (Nasdaq:ALTH). • Tremisis Energy Acquisition Corp. was up just 0.8% at midday, but generating quite a spike in volume while approaching the highest point since mid-September. See (NYSE:TGY). • Bulk shippers wehe percentage mover boards today; Eagle Bulk Shipping Inc. was up nearly 15%, Genco Shipping & Trading Ltd. was up 11%. See (Nasdaq:EGLE) and (NYSE:GNK). Small Cap Losers: • Sports Properties Acquisition Corp. was off 0.3% on heavy volume. See (NYSE:HMR). • Littlefuse Inc. gapped lower and was off 13% as the industrial component maker took an earnings-related hit. See (Nasdaq:LFUS). • Computer network company Jack Henry & Associates posts 4% Q2 decline, sending shares down 10% in pre-market. See (Nasdaq:JKHY).
Small-caps edge higher during mid-day; ALTH, TGY, and EGLE lead gainers
Small-cap stocks rallied into mid-session trading, lifted by a better reading on the country’s sprawling services sector than feared. Additional support was tied to a private employment survey that also was above the worst end of projections, providing some investor calm ahead of Friday’s big monthly Labor Department release on employment. Some of today’s small-cap gainers were Allos Therapeutics Inc. (Nasdaq:ALTH), Tremisis Energy Acquisition Corp. (NYSE:TGY) and Eagle Bulk Shipping Inc. (Nasdaq:EGLE).
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Other Market Watch highlights today included: • Insurance firms, packaged foods companies, entertainment firms, breweries and tobacco stocks were on the slide. • Looking at sector activity so far, metals and mining stocks were doing well, as were semiconductors, forest products and investment banks. • Ahead of the opening today, the ADP Employment survey pegged a decline in non-farm payrolls of 522,000. • The ISM Non-Manufacturing Report came in at 42.9, which was better than the consensus forecast of 39.1 Small Cap Gainers: • Allos Therapeutics Inc. rose 4.8% on brisk turnover following news Tuesday afternoon that the company plans to submit a new drug application to the FDA in the next few months. See (Nasdaq:ALTH). • Tremisis Energy Acquisition Corp. was up just 0.8% at midday, but generating quite a spike in volume while approaching the highest point since mid-September. See (NYSE:TGY). • Bulk shippers wehe percentage mover boards today; Eagle Bulk Shipping Inc. was up nearly 15%, Genco Shipping & Trading Ltd. was up 11%. See (Nasdaq:EGLE) and (NYSE:GNK). Small Cap Losers: • Sports Properties Acquisition Corp. was off 0.3% on heavy volume. See (NYSE:HMR). • Littlefuse Inc. gapped lower and was off 13% as the industrial component maker took an earnings-related hit. See (Nasdaq:LFUS). • Computer network company Jack Henry & Associates posts 4% Q2 decline, sending shares down 10% in pre-market. See (Nasdaq:JKHY).
ISM upside surprise provides lift
Small-cap stocks rallied into mid-session trading, lifted by a better reading on the country’s sprawling services sector than feared. Additional support was tied to a private employment survey that also was above the worst end of projections, providing some investor calm ahead of Friday’s big monthly Labor Department release on employment. At 12:07 p.m. ET, the Russell 2000 (NYSE:IWM) was up 5.64, or 1.24%, at 458.53.
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The ISM Non-Manufacturing Report came in at 42.9, which was better than the consensus forecast of 39.1 and which marked the second consecutive monthly gain after the index hit a record low of 37.3 in November. This report essentially provides a glimpse of services sector activity, which accounts for some three-fourths of all economic activity in the U.S. It should be noted that although today’s report was better than expected, it still reflects contraction and historically weak conditions. Ahead of the opening today, the ADP Employment survey pegged a decline in non-farm payrolls of 522,000 and predicted Friday’s Labor Department report would show a drop of 525,000, which is slightly above the forecast of 500,000, but still better than some of the worst-case scenarios. Looking at sector activity so far today, metals and mining stocks were doing well, as were semiconductors, forest products, investment banks as well as tire and rubber companies. However, insurance firms, packaged foods companies, entertainment firms, . . .
DryShips, Retalix and Riverbed Technology lead small-cap volume in pre-market
DryShips Inc. (Nasdaq:DRYS), Retalix Ltd. (Nasdaq:RTLX) and Riverbed Technology Inc. (Nasdaq:RVBD) 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: Rambus Inc. (Nasdaq:RMBS), Eagle Bulk Shipping Inc. (Nasdaq:EGLE), Geron Corp. (Nasdaq:GERN), Netlogic Microsystems Inc. (Nasdaq:NETL), Ciena Corp. (Nasdaq:CIEN) and Allos Therapeutics Inc. (Nasdaq:ALTH).
DryShips, TBS International and AsiaInfo Holdings lead small-cap volume in pre-market
DryShips Inc. (Nasdaq:DRYS), TBS International Ltd. (Nasdaq:TBSI) and AsiaInfo Holdings Inc. (Nasdaq:ASIA) 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: Arkansas Best Corp. (Nasdaq:ABFS), YRC Worldwide Inc. (Nasdaq:YRCW), Allos Therapeutics Inc. (Nasdaq:ALTH), Questcor Pharmaceuticals Inc. (Nasdaq:QCOR), Almost Family Inc. (Nasdaq:AFAM) and PetMed Express Inc. (Nasdaq:PETS).
Russell continues high into midday; IESC, TBSI, and JRCC lead gainers
Small-cap stocks remained solidly higher into mid-session activity, with industrial, commodity and energy stocks paving the way higher after President-elect Obama announced plans for a massive infrastructure project over the weekend. Some of today's small-cap gainers included Integrated Electrical Services Inc. (Nasdaq:IESC), TBS International Ltd. (Nasdaq:TBSI) and James River Coal Co. (Nasdaq:JRCC).
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Other Market Watch highlights included: • Commodities in general were in favor today, with crude oil prices climbing 7%, while energy stocks were up more than 4%. • On the downside, personal products firms, hypermarkets, food distributors, retail drug companies and restaurants were the primary losing sectors. • The best performers so far today have been industrial REITs, metal and mining stocks, automobile manufacturers, aluminum firms and steel companies. • Small-cap stocks remained solidly higher into mid-session activity, with industrial, commodity and energy stocks paving the way higher. • A big part of the early rise in stocks was tied to news this weekend that Obama was planning a massive infrastructure stimulus project. Small Cap Gainers: • Integrated Electrical Services Inc. jumped 34% presumably riding the wave of industrial and energy-related services companies higher. See (Nasdaq:IESC). • TBS International Ltd. jumped 30% as the ocean transportation services company got an earnings-related lift. See (Nasdaq:TBSI). • James River Coal Co. rallied 26%, receiving a lift with other beaten-down commodity names. See (Nasdaq:JRCC). • Cemex rallies as Deutsche Bank says it may gain from U.S. plan. See (NYSE:CX). Small Cap Losers: • The Talbots announces CFO retires, hires a new COO. Shares fall over 12%. See (NYSE:TLB). • Radian Group dips 10% on lower-than-average volume. See (NYSE:RDN). • Blyth cuts earnings outlook, down 4% in light after-hours trade. See (NYSE:BTH). • Allos Therapeutics slumping 21% in pre-market, reports Propel trial results. See (Nasdaq:ALTH).
Allos Therapeutics, Otelco and Blyth lead small-cap percentage losers
Allos Therapeutics Inc. (Nasdaq:ALTH), Otelco Inc. (Nasdaq:OTT) and Blyth Inc. (Nasdaq:BTH) are among the biggest percentage losers in Monday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: K Swiss Inc. (Nasdaq:KSWS), Heritage Crystal Clean Inc. (Nasdaq:HCCI), Retalix Ltd. (Nasdaq:RTLX), Vail Resorts Inc. (Nasdaq:MTN), VIST Financial Corp. (Nasdaq:VIST) and America's Car-Mart Inc. (Nasdaq:CRMT).
Small-cap stocks push upwards; CBI, PPO, and CLNE lead gainers
Small-cap stocks pushed higher on the opening, lifted by a rally in overseas markets, weekend talk of a huge infrastructure stimulus plan from President-elect Obama and a bounce in commodity stocks. Some of today's small-cap gainers included Chicago Bridge & Iron Co. (NYSE:CBI), Polypore International Inc. (NYSE:PPO) and Clean Energy (Nasdaq:CLNE).
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Other Market Watch highlights included: • A big part of the early rise in stocks was tied to news this weekend that Obama was planning a massive infrastructure stimulus project. • The Mexican peso, South African rand were both in rally mode, as money flow into emerging markets and commodity exporters was in vogue. • Some of the support in commodities was tied to a slide in the U.S. dollar, which was down 1.2% against the euro. • Crude oil prices were up $2.70/barrel into the open, trying to mount a bounce after hitting 4-year lows Friday, falling 25% last week. Small Cap Gainers: • Getting a lift from the infrastructure talk and the announcement of dividends, Chicago Bridge & Iron Co. N.V. rose 17%. See (NYSE:CBI). • Polypore International Inc. jumped 17%, climbing above the 20-day moving average with conviction for the first time since late August. See (NYSE:PPO). • Clean Energy opens large-scale LNG production plant; stock is 13.7% higher in pre-market. See (Nasdaq:CLNE). • Canadian Solar up 13% in pre-market, buoyed by President-elect Obama's plans to ramp up infrastructure spending. See (Nasdaq:CSIQ). Small Cap Losers: • Allos Therapeutics slumping 21% in pre-market, reports Propel trial results. See (Nasdaq:ALTH). • The Talbots announces CFO retires, hires a new COO. Shares fall over 12%. See (NYSE:TLB). • Blyth cuts earnings outlook, down 4% in light after-hours trade. See (NYSE:BTH). • ESI, Zygo report early termination of HSR waiting period for planned merger; shares of ESIO fall 3.3% in pre-market. See (Nasdaq:ESIO).
Small caps extend Friday rally as Obamanomics boost in playSmall-cap stocks pushed higher on the opening, lifted by a rally in overseas markets, weekend talk of a huge infrastructure stimulus plan from President-elect Obama and a bounce in commodity stocks. At 9:57 a.m. ET, the Russell 2000 (NYSE:IWM) was up 10.19, or 2.21%, at 471.28. Crude oil prices were up about $2.70 a barrel into the stock market open, trying to mount a bounce after hitting four-year lows Friday and tumbling some 25% last week while generating the largest percentage decline in some 18 years. Copper prices also were higher overseas, and soft commodities like sugar and cocoa were soaring in early U.S. trading. Some of the support in commodities was tied to a slide in the U.S. dollar, which was down 1.2% against the euro. The dollar was up 0.4% against the yen, but that was more of a reflection of a riskier mentality in play after last week’s big stock market bounce off the bearish jobs picture (the low-yielding yen tends to find support in safe-haven times). So, just where is the FX flow moving today? The Mexican peso and South African rand were both in rally mode today, as money flow into emerging markets and commodity exporters was in vogue. A big part of the early rise in stocks was tied to news this weekend that Obama was planning a massive infrastructure stimulus project, which sparked a rise in engineering and commodity stocks in Asia and Europe that rode the tide into U.S. action this morning. Obama also said that U.S. automakers should not be allowed to fail, and the Senate is meeting today to discuss bailout packages for U.S. vehicle firms. Shortly after the open, General Motors Corp. (NYSE:GM) was up 19.1%, while Ford Motor Co. (NYSE:F) was up 15.4%. Despite the feel-good tone present in the glow of Friday’s triumphant stock market rally despite dreary employment data, there were spots of worrisome news in play. Dow Chemical Co. (NYSE:DOW) announced plans to close 20 plants . . .
Allos Therapeutics, Interactive Brokers Group and Old Dominion Freight Line lead small-cap volume in pre-market
Allos Therapeutics Inc (Nasdaq:ALTH), Interactive Brokers Group Inc (Nasdaq:IBKR) and Old Dominion Freight Line Inc (Nasdaq:ODFL) 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: Elbit Imaging Ltd (Nasdaq:EMITF), Focus Media Holding Ltd (Nasdaq:FMCN), China Finance Online Co Ltd (Nasdaq:JRJC), James River Coal Co (Nasdaq:JRCC), Zoltek Companies Inc (Nasdaq:ZOLT) and Questcor Pharmaceuticals Inc (Nasdaq:QCOR).
Gentiva Health Services, CryoLife and Computer Task Group among 52-week highs
Gentiva Health Services Inc (Nasdaq:GTIV), CryoLife Inc (Nasdaq:CRY) and Computer Task Group Inc (Nasdaq:CTGX) are among the new 52-week highs in Thursday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: LHC Group Inc (Nasdaq:LHCG), Overhill Farms Inc (Nasdaq:OFI), Ness Technologies Inc (Nasdaq:NSTC), Allos Therapeutics Inc (Nasdaq:ALTH), Parlux Fragrances Inc (Nasdaq:PARL) and National Research Corp (Nasdaq:NRCI). Here are the new 52-week highs among small caps:
Argan, Allos Therapeutics and American Ecology among 52-week highs
Argan Inc (Nasdaq:AGX), Allos Therapeutics Inc (Nasdaq:ALTH) and American Ecology Corp (Nasdaq:ECOL) are among the new 52-week highs in Monday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: Augusta Resource Corp (Nasdaq:AZC), Finish Line Inc (Nasdaq:FINL), Idenix Pharmaceuticals Inc (Nasdaq:IDIX), Badger Meter Inc (Nasdaq:BMI), BSD Medical Corp (Nasdaq:BSDM) and Parlux Fragrances Inc (Nasdaq:PARL). Here are the new 52-week highs among small caps:
Allos Therapeutics hits 52-week high after advancing bladder cancer study
Biopharmaceutical company Allos Therapeutics Inc. (Nasdaq:ALTH) said before the opening today it had started its phase two study of its drug pralatrexate in patients with advanced or metastatic cancer of the urinary bladder. The news pushed shares up 10% to a 52-week high for the
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In today’s trading, shares are at $8.91 at
American Ecology, Allos Therapeutics and Merit Medical Systems among 52-week highsAmerican Ecology Corp (Nasdaq:ECOL), Allos Therapeutics Inc (Nasdaq:ALTH) and Merit Medical Systems Inc (Nasdaq:MMSI) are among the new 52-week highs in Tuesday's trading among companies with market capitalizations under $1 billion. Here are the new 52-week highs among small caps:
Graham Corp, Merit Medical Systems and PC-Tel among 52-week highsGraham Corp (Nasdaq:GHM), Merit Medical Systems Inc (Nasdaq:MMSI) and PC-Tel Inc (Nasdaq:PCTI) are among the new 52-week highs in Monday's trading among companies with market capitalizations under $1 billion. Here are the new 52-week highs among small caps:
Exactech, Vivus and Finish Line among 52-week highs
Exactech Inc (Nasdaq:EXAC), Vivus Inc (Nasdaq:VVUS) and Finish Line Inc (Nasdaq:FINL) are among the new 52-week highs in Tuesday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: Ezcorp Inc (Nasdaq:EZPW), Diamond Foods Inc (Nasdaq:DMND), Eresearchtechnology Inc (Nasdaq:ERES), Cyberonics Inc (Nasdaq:CYBX), Allos Therapeutics Inc (Nasdaq:ALTH) and Pegasystems Inc (Nasdaq:PEGA). Here are the new 52-week highs among small caps:
China Precision Steel, National Coal and UAL lead small-cap volume in pre-market
China Precision Steel Inc (Nasdaq:CPSL), National Coal Corp (Nasdaq:NCOC) and UAL Corp (Nasdaq:UAUA) 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: Gaiam Inc (Nasdaq:GAIA), ShengdaTech Inc (Nasdaq:SDTH), Third Wave Technologies Inc (Nasdaq:TWTI), Ricks Cabaret International Inc (Nasdaq:RICK), Allos Therapeutics Inc (Nasdaq:ALTH) and Vanda Pharmaceuticals Inc (Nasdaq:VNDA). Here are the most actively traded companies among small caps:
China Precision Steel Inc, NATUS MEDICAL INC. (CA) (USA) and Allos Therapeutics Inc lead small-cap volume in pre-marketChina Precision Steel Inc. (Nasdaq:CPSL), Natus Medical Inc. (Nasdaq:BABY) and Allos Therapeutics Inc. (Nasdaq:ALTH) are among the most actively traded companies in Friday's trading among companies with market capitalizations under $750 million. Cytori Therapeutics Inc. (Nasdaq:CYTX), China Sunergy Co Ltd. (Nasdaq:CSUN) and Akeena Solar Inc. (Nasdaq:AKNS) are also among the most actively traded companies. Here are the most actively traded companies among small caps:
Russell futures advanceThe Russell 2000 (NYSE: IWM) futures are gaining ground on the second to last trading day of the year amid news of possible asset sales by big banks. Citigroup Inc. (NYSE: C) and HSBC Holdings, are among U.S. and European banks that are considering major asset sales, The Wall Street Journal is reporting this morning. Citigroup could sell an 80%-held student loan, its North American auto-lending unit, its 24% stake in Brazil credit-card operation Redecard and the bank's Japanese consumer finance business. HSBC might liquidate its auto-finance business. The Census Bureau is expected to report new home sales for the month of November at 10 a.m. ET. Economists are that forecasting new home sales slid to 715,000 from 728,000 in October. Also due out at 10 a.m. ET, the Chicago arm of the National Association of Purchasing Managers will report Chicago-area manufacturing index. The index is forecasted to edge down to 52 from 52.9 the previous month. A reading above 50 signals factory-sector expansion, while a reading below 50 signals contraction. In small-cap news, a judge ruled Thursday that The Finish Line, Inc. (Nasdaq: FINL) must complete its $1.5 billion acquisition of mall retailer Genesco Inc. (NYSE: GCO) because it and advisor UBS reportedly knew about risks to Genesco's earnings. Finish Line said it may appeal. Stocks also advanced as investors increased odds that the Federal Reserve will cut interest rates, quelling concerns of a recession. Biggest percentage gainers: • Chordiant Software Inc. (CHRD), up 15.8% to $9.40 on news that it that it has entered into a Global Framework Agreement with a leading telecommunications company for $26.1 million. Biggest percentage losers: • Cirrus Logic Inc. (CRUS), down 4.9% to $5.
Russell 2000 futures riseThe Russell 2000 (NYSE: IWM) futures have moved higher and the small-cap index is likely to rise as investors await the Fed’s decision. All eyes are on the U.S. Federal Reserve, which is meeting today to decide on monetary policy. A decision will be announced at 2:15 p.m. ET. Many observers are betting that falling house prices and restricted lending from banks will prompt the central bank to lower the federal funds rate to give the economy a lift. The federal funds rate, the rate at which commercial banks make overnight loans to each other, currently stands at 4.5%. Financial markets have recently taken the view that a 0.25% cut is baked in, with more courageous voices anticipating a decline of 0.5%. Here are the biggest percentage gainers and losers in pre-market trading among companies with a market cap between $100 million and $750 million: Biggest percentage gainers: • Genesis Microchip Inc. (GNSS), up 57% on news it is being purchased by STMicroelectronics NV (STM) for about $336 million. Biggest percentage losers: • Spreadtrum Communications, Inc. (SPRD), down 7%.
Occam Networks, Fuwei Films and Schmitt Industries lead small-cap percentage losersOccam Networks, Inc. (Nasdaq: OCNW), Fuwei Films Co., Ltd (Nasdaq: FFHL) and Schmitt Industries, Inc. (Nasdaq: SMIT) are among the biggest percentage losers in Tuesday's trading among companies with market capitalizations under $750 million. Here are today's biggest percentage losers:
Altra Holdings leads Wednesday's small-cap pre-market volumeMassachusetts producer of mechanical power transmissions and motion control products Altra Holdings, Inc. (Nasdaq: AIMC) announced the pricing of a public offering of its common stock before the bell Wednesday. The offerings will be priced at $16.40 per share. Illinois-based provider of dredging services Great Lakes Dredge & Dock Corp. (Nasdaq: GLDD) announced a $100 million secondary offering of shares of its common stock.
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.
Allos Therapeutics, Inc. leads Tuesday small-cap pre-market volumeAllos Therapeutics, Inc. (Nasdaq: ALTH) reported its clinical trial for Efaproxyn failed to show that the drug improved survival in women with breast cancer that spread to the brain. EPIX Pharmaceuticals, Inc. (Nasdaq: EPIX) announced that it has received a negative response from the FDA regarding the company's appeal for immediate approval of Vasovist, a treatment used to diagnose vascular disease. Syntax-Brillian Corp. (Nasdaq: BRLC) is launching its new 65” LCD high-definition television today. Vical Inc. (Nasdaq: VICL) reported that preliminary late-stage trial results showed a drug candidate successfully treated the blood flow disease ischemia by increasing the size of blood vessels. Analyst William Ho raised his rating on Acorda Therapeutics Inc. (Nasdaq: ACOR) to “buy” from “neutral.”
Wednesday after hoursTeen apparel retailer Hot Topic, Inc. (Nasdaq: HOTT) met analyst earnings expectations in the first quarter ended May 5, but guided below expectations for the second quarter. City of Industry, Calif.-based Hot Topic said after the close it had a net loss in the first quarter of $0.02 per share, matching the average forecast. For the second quarter ending Aug. 4, the company estimated it will lose $0.02 to $0.04 per share, compared with analysts' forecasts for a flat quarter. Hot Topic said its same-store sales would decline in the mid-single digits. In after-hours trading, shares were down only fractionally at $11.55. Technology company NovAtel, Inc. (Nasdaq: NGPS) reorganized its management, TRM Corp. (Nasdaq: TRMM) has received a Nasdaq notice saying the Portland, Ore.-based company was not in compliance with regulations because of a delayed filing for the quarter ended March 31. TRM, a consumer services company, also had not filed a form 10-K annual report for the year ended Dec. 31, 2006, because of accounting complexities, but the company said it filed that form today. The company has a hearing before a Nasdaq panel to appeal its possible delisting because of the late quarterly report. In after-hours trading, TRM shares were up 3.8% at $1.88. 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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