Stone Energy, CVR Energy and Answers lead small-cap percentage losers
Stone Energy Corp. (Nasdaq:SGY), CVR Energy Inc. (Nasdaq:CVI) and Answers Corp. (Nasdaq:ANSW) are among the biggest percentage losers in Wednesday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: Rome Bancorp Inc. (Nasdaq:ROME), Investors Title Co. (Nasdaq:ITIC), International Bancshares Corp. (Nasdaq:IBOC), Gamco Investors Inc. (Nasdaq:GBL), Westmoreland Coal Co. (Nasdaq:WLB) and Electro-Optical Sciences Inc. (Nasdaq:MELA).
Small caps retain tame, sleepy advance
Small-cap stocks remained slightly higher into midday trading as the market was on track to eclipse Wednesday’s tame affair as the new “sleepiest” market day of the season. The market was underpinned by gains for energy stocks, automakers and assorted commodity themes, which helped counter losses in financials, tech stocks, casinos, airlines and home entertainment software shares. At 12:27 p.m. ET, the Russell 2000 (NYSE:IWM) was up 1.58, or 0.33%, at 472.06.
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General Motors Corp. (NYSE:GM) has been one of the more dynamic stocks so far today, and remained up nearly 14% at mid-session on news that the automaker’s financing arm has been granted bank holding status. This will allow GMAC LLC to access the Federal Reserve’s discount lending windows, which should help the firm stave off bankruptcy in these difficult times for carmakers. Ford Motor Co. (NYSE:F) was up 9%, getting spillover support from the GM rise. Commodity stocks were faring well today, with energy shares leading the way. The Energy Select Sector SPDR Fund was up about 1%, with crude oil climbing back above $36 a barrel on news that United Arab Emirates officials said they would trim output. There was a sizable rally in grains markets today, which were bolstered by dry weather in South America, the upside pop in energy and a soft tone in the U.S. dollar. In tandem with the firm tone in commodities, the Brazilian stock market rose 1.7% today as the country is a major exporter of raw goods. Both mining companies and energy names were solid gainers within the Brazilian Bovespa Index on the Sao Paulo stock exchange. Individual small caps on the rise today included Integral Systems Inc. (Nasdaq:ISYS), which gapped higher and was up 15% after the firm announced results of . . .
Wavecom Depository, Dendreon and Salix Pharmaceuticals lead small-cap percentage gainers
Wavecom Depository Receipt (Nasdaq:WVCM), Dendreon Corp. (Nasdaq:DNDN) and Salix Pharmaceuticals Ltd. (Nasdaq:SLXP) are among the biggest percentage gainers in Monday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: Hampton Roads Bankshares Inc. (Nasdaq:HMPR), Federal Agricultural Mortgage Corp. (Nasdaq:AGM), 1st Source Corp. (Nasdaq:SRCE), Gamco Investors Inc. (Nasdaq:GBL), Navigators Group Inc. (Nasdaq:NAVG) and Lakeland Financial Corp. (Nasdaq:LKFN). Here are the biggest percentage gainers among small caps: 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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