Tag - Arba

DryShips Inc. (Nasdaq:DRYS), Eagle Bulk Shipping Inc. (Nasdaq:EGLE) and American Capital Agency Corp. (Nasdaq:AGNC) are among the most actively traded companies in Thursday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Geron Corp. (Nasdaq:GERN), Gladstone Capital Corp. (Nasdaq:GLAD), Ariba Inc. (Nasdaq:ARBA), Palm Inc. (Nasdaq:PALM), Rofin-Sinar Technologies Inc. (Nasdaq:RSTI) and TBS International Ltd. (Nasdaq:TBSI).

Geron Corp. (Nasdaq:GERN), DryShips Inc. (Nasdaq:DRYS) and Palm Inc. (Nasdaq:PALM) are among the most actively traded companies in Friday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Infinera Corp. (Nasdaq:INFN), Ariba Inc. (Nasdaq:ARBA), Ciena Corp. (Nasdaq:CIEN), Harmonic Inc. (Nasdaq:HLIT), CyberSource Corp. (Nasdaq:CYBS) and Neogen Corp. (Nasdaq:NEOG).

Center Bancorp Inc. (Nasdaq:CNBC), Retalix Ltd. (Nasdaq:RTLX) and DryShips Inc. (Nasdaq:DRYS) are among the most actively traded companies in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Ceradyne Inc. (Nasdaq:CRDN), TeleCommunication Systems Inc. (Nasdaq:TSYS), Eagle Bulk Shipping Inc. (Nasdaq:EGLE), Ariba Inc. (Nasdaq:ARBA), Axsys Technologies Inc. (Nasdaq:AXYS) and ev3 Inc. (Nasdaq:EVVV).

Small-cap stocks tumbled to fresh move lows early Monday, slipping to the lowest point on intraday charts since August 2003, but mounted a nice recovery rally on a stronger-than-forecast new home sales release. The early decline was fueled by steep losses in global equity trading overnight, which underscored fear of a global growth slowdown. Today’s small-cap gainers are Penn National Gaming (Nasdaq:PENN), Pilgrim’s Pride (NYSE:PPC) and ATP Oil & Gas (Nasdaq:ATPG).

Other Market Watch highlights today included:

• Commodities in general were taking a hit this morning, pulled down by a strong tone in the U.S. dollar, which rose to the highest point versus the euro since April 2006.  
• Small caps tumbled to fresh move lows early Monday, slipping to the lowest point on intraday charts since August 2003, but mounted a nice recovery on a stronger-than-forecast new home sales release.
• Looking at the chart picture, if the Russell quickly cascades through Friday’s low this morning, then it opens the door to another leg down.  
• The strong dollar and fears of a global recession took a toll on commodities, with crude oil down more than $2 a barrel.  
• Global stock markets were on fire sale, with Japan’s Nikkei sinking 6% to the lowest close since 1982, while Hong Kong’s Hang Seng index collapsed 12.7%, the largest 1-day drop in 9 years.

Small Cap Gainers:

• Penn National Gaming up 12% after Q3 EPS vaulted on settlement payment, raises 2008 earnings guidance. See (Nasdaq:PENN).  
• Pilgrim's Pride gets extension on temporary waiver under its credit facilities through November 26, up 11%. See (NYSE:PPC).
• ATP Oil & Gas to buyback 10% of shares outstanding, shares gain 11%.
See (Nasdaq:ATPG).
• Sohu.com posts Q3 above the Street, guides Q4 above estimates, initiates $150M share repurchase program. See (Nasdaq:SOHU).  

Small Cap Losers:

• Natures Sunshine Products Inc. is down 36%, gapping lower, but on light volume. See (Nasdaq:NATR).  
• Timken sinks 30% on no fresh news. See (NYSE:TKR).
• Bolt Technology skids 28% on no fresh news. See (Nasdaq:BOLT)
• Seanergy Maritime Corp. is off about 27%, also on a light volume opening slide. See (Nasdaq:SHIP).  
• Ariba slides 20% despite an upgrade by Cowen and actions to streamline its sourcing and contract management processes. (Nasdaq:ARBA).   

Ariba Inc. (Nasdaq:ARBA), DryShips Inc. (Nasdaq:DRYS) and ViroPharma Inc. (Nasdaq:VPHM) are among the most actively traded companies in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Canadian Solar Inc. (Nasdaq:CSIQ), A Power Energy Generation Systems Ltd. (Nasdaq:APWR), Eagle Bulk Shipping Inc. (Nasdaq:EGLE), Savient Pharmaceuticals Inc. (Nasdaq:SVNT), Infinera Corp. (Nasdaq:INFN) and James River Coal Co. (Nasdaq:JRCC).

Here are the most actively traded companies among small caps:

Forced liquidations, fear of a global recession and a worrisome corporate profit picture sparked another stiff sell-off in small-cap stocks, capping off a bruising week that saw the Russell 2000 (NYSE:IWM) sink to the lowest close in more than five years. The Russell closed down 18.80, or 3.84%, at 471.12 and is now down 38% for 2008. The Dow is off 37% this year, while the S&P 500 is down 40%. Today’s small-cap gainers are Hansen Medical (Nasdaq:HNSN), Rubicon Technology (Nasdaq:RBCN) and IPC Holdings (Nasdaq:IPCR).

Other Market Watch highlights today included:

• Today’s slump underscored the fact that the credit crisis and economic crunch we’ve been feeling in America is also very much a global problem.
• This morning, data in Great Britain revealed that the U.K. economy contracted for the first time in 16 years, which ignited the largest one-day slide in the pound since 1992. 
• Also, Argentinean officials are pondering taking over billions in pension funds, Asian equities and European bourses are at five-year lows and even commodity markets are in a scary freefall.
• Crude oil prices plunged again today, sinking 5% to 17-month lows at $64.15 a barrel.
• The Commodity Research Bureau Index of 19 physical markets collapsed to the lowest point since January 2004 and is down more than 50% from the spring highs.

Small Cap Gainers:

• IPC Holdings gained 18% on no fresh news. See (Nasdaq:IPCR).  
• Rubicon Technology gained 24% at closing. See (Nasdaq:RBCN).  
• Hansen Medical closed up 30% after its bottom-line beat estimates and revenues soared in Q3. See (Nasdaq:HNSN).   
• Insituform Tech posted a 16% spike in Q3 EPS that beat the Street, as it made progress in its N. Am sewer rehabilitation operations. See (Nasdaq:INSU).

Small Cap Losers:

• Ariba Inc. closed down 22% on sloppy earnings results. See (Nasdaq:ARBA).  
• Technitrol Inc. tumbled some 35% on sloppy earnings news. See (NYSE:TNL).  
• XL Capital closed down 13% after Moody’s put the insurer on watch for downgrade on posting a Q3 loss due to bailing out Syncora Holdings. See (NYSE:XL).  

Forced liquidations, fear of a global recession and a worrisome corporate profit picture sparked another stiff sell-off in small-cap stocks, capping off a bruising week that saw the Russell 2000 (NYSE:IWM) sink to the lowest close in more than five years. The Russell closed down 18.80, or 3.84%, at 471.12 and is now down 38% for 2008. The Dow is off 37% this year, while the S&P 500 is down 40%.

Anyone awake and watching the market before the opening today had to endure chilling news: stock index futures were locked limit-down, a trading halt on stock derivatives was in place, the Japanese market was down nearly 10%, Europe was off 8% and the yield on the long bond was at the lowest point since the product was issued back in 1977. It looked like the world was caving in ahead of the opening, and there were probably some sighs of relief that things weren’t even worse today than they turned out.

As it turned out, the opening news wasn’t pretty but it also wasn’t as bad as many feared. Then, the 10:00 a.m. ET existing home sales report came out much better than forecast and helped insert at least a modicum of optimism into a gloomy picture of the global economy. After all, if the housing market started this whole mess, a bottom in the home news could hint at a bottom for the rest of the crisis. For the record, existing home sales came in at 5.18 million units, way above the forecast of 4.98 million. Also, the rate climbed 5.5%, the best percentage performance in some three years for the moribund housing market. However, those gains in home sales are volume related because the inventory of unsold homes is huge, forcing sellers to swallow lower prices to move. As we saw in the RealtyTrac data earlier this week, foreclosures are at insane levels, with some one out of every 475 homes receiving foreclosure notices in September. Home sales might be bottoming, but home prices are not yet in recovery mode and the lofty number of “under water” mortgages . . .

Hooker Furniture Corp. (Nasdaq:HOFT), Bolt Technology Corp. (Nasdaq:BOLT) and Ariba Inc. (Nasdaq:ARBA) are among the biggest percentage losers in Friday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Brookfield Homes Corp. (Nasdaq:BHS), Transcat Inc. (Nasdaq:TRNS), Gulf Island Fabrication Inc. (Nasdaq:GIFI), Hutchinson Technology Inc. (Nasdaq:HTCH), Hercules Offshore Inc. (Nasdaq:HERO) and VisionChina Media Inc. (Nasdaq:VISN).

Here are the biggest percentage losers among small caps:

Small-cap stocks pushed higher in early trading, but slipped into the red after sobering consumer sentiment figures from the University of Michigan. At 10:01 a.m. ET, the Russell 2000 (NYSE:IWM) was down 2.96, or 0.41%, at 714.12.

The University of Michigan’s consumer sentiment survey came in below expectations at 62.6% versus the median forecast of about 63.5%, and at 26-year lows, which appeared to spark a wave of selling across equities. The downside press after the Michigan numbers was a little surprising, because the survey seldom moves the market more than a few ticks. However, it may have simply been just an excuse for short-term longs to book profits ahead of the weekend instead of battling through key overhead chart resistance.

Once again, the market appeared to find initial buying interest on the back of earnings news, with American Express (NYSE:AXP) beating the forecast this morning, and climbing about 3% after the cash open. However, tech leader Microsoft (Nasdaq:MSFT) stumbled about 4% after the opening on sluggish earnings, so the news was mixed on some of the big name issues early today. Overseas stock market index products generated a nice rally, which provided a boost to investor psychology to start the session. European shares rose to three-week highs, while Japan’s Nikkei was up 2.3%.

President Bush held a very brief announcement about 15 minutes ahead of the stock market opening to let Americans know that their economic stimulus rebate checks were literally in the mail. The immediate response in stock futures trading . . .

Shares of Nautilus Inc. (NYSE: NLS) dropped $0.28, or 2%, to $13.50 in after-hours trading after the Vancouver, Wash.-based fitness company posted decreased net income for the first quarter ended March 31. Nautilus said it earned $2.5 million, or $0.08 per share, on revenue of $158.8 million, compared with $5.2 million, or $0.16 per share, on revenue of $185 million in the 2006 first quarter. The results weren’t far off from estimates by analysts polled by Thomson First Call, who were expecting earnings of $0.08 per share on revenue of $160.3 million. Nautilus cited sluggish trends in the North American market for home fitness equipment. Those trends led to cancellation of expected retail replenishment orders, the company said.

Shares of Double-Take Software Inc. (Nasdaq: DBTK) rose $0.95, or 6.4%, to $15.75 late today after the data protection software firm said it will likely beat analysts’ estimates for the second quarter ended June 30. The Southborough, Mass., firm expects to report non-GAAP income per share of $0.15 to $0.16 on revenue in the range of $19 million to $19.5 million. Four analysts polled by Thomson First Call were expecting earnings per share of $0.11 on revenue of $18.6 million. For the first quarter ended March 31, analysts had estimated earnings per share of $0.09 on revenue of $17.2 million. The firm actually reported adjusted, non-GAAP net income per diluted share of $0.14 on revenue of $17.9 million.