Tag - Gilt

Transmeta Corp. (Nasdaq:TMTA), Sanderson Farms Inc. (Nasdaq:SAFM) and Solarfun Power Holdings Co Ltd. (Nasdaq:SOLF) are among the most actively traded companies in Thursday's trading among companies with market capitalizations under $1 billion.

Also included among the results: China Sunergy Co Ltd. (Nasdaq:CSUN), American Capital Agency Corp. (Nasdaq:AGNC), Gilat Satellite Networks Ltd. (Nasdaq:GILT), Canadian Solar Inc. (Nasdaq:CSIQ), James River Coal Co. (Nasdaq:JRCC) and Clean Energy Fuels Corp. (Nasdaq:CLNE).

Here are the most actively traded companies among small caps:

Lululemon Athletica Inc. (Nasdaq:LULU), Evergreen Solar Inc. (Nasdaq:ESLR) and Globecomm Systems Inc. (Nasdaq:GCOM) are among the most actively traded companies in Thursday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Umpqua Holdings Corp. (Nasdaq:UMPQ), Solarfun Power Holdings Co Ltd. (Nasdaq:SOLF), Kenexa Corp. (Nasdaq:KNXA), Clean Energy Fuels Corp. (Nasdaq:CLNE), Canadian Solar Inc. (Nasdaq:CSIQ) and Gilat Satellite Networks Ltd. (Nasdaq:GILT).

Here are the most actively traded companies among small caps:

Medivation Inc. (Nasdaq:MDVN), Gilat Satellite Networks Ltd. (Nasdaq:GILT) and RTI Biologics Inc. (Nasdaq:RTIX) are among the most actively traded companies in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Neurocrine Biosciences Inc. (Nasdaq:NBIX), TiVo Inc. (Nasdaq:TIVO), China Sunergy Co Ltd. (Nasdaq:CSUN), James River Coal Co. (Nasdaq:JRCC), Sykes Enterprises Inc. (Nasdaq:SYKE) and ShengdaTech Inc. (Nasdaq:SDTH).

Here are the most actively traded companies among small caps:

China Precision Steel Inc. (Nasdaq:CPSL), Gilat Satellite Networks Ltd. (Nasdaq:GILT) and China Sunergy Co Ltd. (Nasdaq:CSUN) are among the most actively traded companies in Tuesday's trading among companies with market capitalizations under $1 billion.           

Also included among the results: Frontier Financial Corp. (Nasdaq:FTBK), Hoku Scientific Inc. (Nasdaq:HOKU), Given Imaging Ltd. (Nasdaq:GIVN), AgFeed Industries Inc. (Nasdaq:FEED), Fundtech Ltd. (Nasdaq:FNDT) and Digi International Inc. (Nasdaq:DGII).   

Here are the most actively traded companies among small caps:           
        

Gilat Satellite Networks Ltd. (Nasdaq:GILT) saw its shares dip by nearly 10% to a new 52-week low this morning after the company reported that its planned $475 million acquisition by a group of private investors may not materialize.

In a statement issued at 5 a.m. today, Petah Tikva, Israel-based Gilat said the investors who had agreed to buy the company for $11.40 a share have “made a number of new verbal proposals which were substantially different from the definitive agreement” despite Gilat’s meeting all conditions precedent to closing.

Gilat rejected the verbal proposals, saying they were not in the best interest of its shareholders. It notified the purchasers they have 72 hours to complete the definitive merger agreement or they will consider legal action.

The original merger agreement provides for a termination fee in the amount of $47.3 million, payable to Gilat in the event of an intentional breach of the agreement by the purchasers.

Gilat, a provider of products and services for satellite-based communications networks, is at $7.80, down $0.84 from Friday's close, after trading as low as $7.50 earlier in the day. Previously the stock had traded between $8.35 and $11.34 during the past 52 weeks.

For detailed price information and news stories on Gilat, click GILT.

Small-cap stocks edged lower in morning trading, pulled down by a soft tone in the U.S. dollar and by renewed jitters in the financial arena following yet another bank failure over the weekend. At 10:03 a.m. ET, the Russell 2000 (NYSE:IWM) was down 8.03, or 1.09%, at 729.58.

The existing home sales report came in with mixed signals; the headline figure was plus 3.1%, which beat the forecast for a more tame rise of 0.9%. However, the inventory of homes was at a record high and prices are still down steeply from last year.

Regulators closed Columbian Bank and Trust Company, which marked the ninth bank failure this year as financial institutions struggle with debt write-downs and bad loans emanating from the housing meltdown.

Also on the financial front, Lehman Brothers Holdings Inc. (NYSE:LEH) was down 8.6% shortly after the opening as questions surrounding a potential purchase of the firm by the state-run Korea Development Bank have emerged. The Financial Select Sector SPDR Fund was off almost 2% in early trading.

Crude oil prices climbed back above $115 dollars a barrel overnight, but sliced away much of the overnight rise ahead of the U.S. stock market opening. After the largest one-day decline Friday in nearly four years, traders will keep a close eye on crude prices to see if they experience a snap back move higher this week. The dollar was down against the yen, but basically flat versus the euro; a stronger tone in the greenback has been an important ingredient in the recent pullback in energy and other commodity markets, allowing investors to shrug off recent awful inflation data as out of touch with the sudden summer swoon in energy markets. However, if crude starts to recover back above $120 to $125 a barrel, then it could usher in a dark cloud on the price pressure issue.

Even though crude oil prices pulled back from the overnight highs, consumer and airline stocks were still on the defensive this morning, perhaps leery that energy . . .

AtriCure Inc. (Nasdaq:ATRC), Electro-Optical Sciences Inc. (Nasdaq:MELA) and Royale Energy Inc. (Nasdaq:ROYL) are among the biggest percentage gainers in Wednesday's trading among companies with market capitalizations under $1 billion.      

Also included among the results: Gilat Satellite Networks Ltd. (Nasdaq:GILT), Overstock.com Inc. (Nasdaq:OSTK), Fuqi International Inc. (Nasdaq:FUQI), PGT Inc. (Nasdaq:PGTI), SeaBright Insurance Holdings Inc. (Nasdaq:SEAB) and MarketAxess Holdings Inc. (Nasdaq:MKTX).   

Here are the biggest percentage gainers among small caps:  

China East Air (Nasdaq:CEA), TechTarget Inc. (Nasdaq:TTGT) and Reddy Ice Holdings Inc. (Nasdaq:FRZ) are among the new 52-week lows in Tuesday's trading among companies with market capitalizations under $1 billion.   

Also included among the results: China Cablecom Holdings (Nasdaq:CABL), Gilat Satellite Networks Ltd. (Nasdaq:GILT), Nashua Corp. (Nasdaq:NSHA), China Southern Airlines (Nasdaq:ZNH), CFS Bancorp Inc. (Nasdaq:CITZ) and Global Partners LP (Nasdaq:GLP).   

Here are the new 52-week lows among small caps:   

Small-cap stocks closed higher Wednesday, notching an impressive upside move given a sharp increase in crude oil prices, tame economic data, financial share erosion and concern about retail spending patterns. Still, a boost from technology shares and solid investor appetite for riskier small-cap fare won the day. In the end, the Russell 2000 (NYSE:IWM) gained 2.75 or 0.37%, to 747.69.

Once again, small caps were strong relative to the Dow and S&P 500, which were pulled down by struggling large-cap banks, big manufacturing firms and losses in large retailer names. For the day, the Dow was off 0.94% to 11,532.96, and is down 13% for the year. S&P 500 futures were only down 0.29% at 1,285.83, and are off 12.4% for the year. Meanwhile, small caps continue to be the relative safe-haven this year, off only 2.3%.

Stocks were impressively resilient in the face of a huge bounce in crude oil futures, which rallied some $3 dollars a barrel, or 2.65%, to $116 as a surprise drawdown in weekly stocks added to concerns about conflict between Russia and Georgia. Crude oil stocks dropped some 400,000 barrels, roughly double the forecast, and President Bush authorized American military forces to deliver humanitarian aid to Georgia while telling Russia it “must keep its word” and end the fight.

Normally, the headlines today would be dominated by the market’s response to monthly retail sales figures, but the data was basically in line with expectations and seemed to have very little overall impact on trading decisions. There was some concern that big-name retailer firms such as Macy’s (NYSE:M) lowered their outlook, but M shares actually pushed higher by the close. However, a soft tone was evident among the sector, with the S&P Retail Index slipping 2.3%, which seemed to dovetail with the soft numbers seen in today’s retail sales release. The retail sales headline figure was down 0.1%, which matched the forecast, but they were pulled . . .

ILOG ADR (Nasdaq:ILOG), Synchronoss Technologies Inc (Nasdaq:SNCR) and Idera Pharmaceuticals Inc (Nasdaq:IDRA) are among the most actively traded companies in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: South Finl Group (Nasdaq:TSFG), Hain Celestial Group Inc (Nasdaq:HAIN), Gilat Satellite Networks Ltd (Nasdaq:GILT), Pacer International Inc (Nasdaq:PACR), American Pacific Corp (Nasdaq:APFC) and Cal-Maine Foods Inc (Nasdaq:CALM).

Here are the most actively traded companies among small caps:

GFI Group Inc (Nasdaq:GFIG), Cal-Maine Foods Inc (Nasdaq:CALM) and Solarfun Power Holdings Co Ltd (Nasdaq:SOLF) 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), FCStone Group, Inc. (Nasdaq:FCSX), National Coal Corp (Nasdaq:NCOC), Quest Energy Partners L P (Nasdaq:QELP), DrdGold ADR (Nasdaq:DROOY) and Gilat Satellite Networks Ltd (Nasdaq:GILT).

Here are the most actively traded companies among small caps:

The Russell 2000 (NYSE:IWM) futures are higher and the small-cap index will likely open with a rise on news of relief for a mortgage lender.

With little major economic news on today’s calendar, investors are focusing on news before the opening that consumer and small business lender Washington Mutual, Inc. (NYSE:WM) is near a deal to receive a $5 billion boost from a private equity group.

The Russell 2000 was basically unchanged Friday, as the market struggled to decipher the employment report. In the end, the index was up 0.16, or 0.02%, to 713.73, the highest daily close since late February. Look for resistance this morning at 717 and 724, while support comes in at 705, 700 and 694.

Outside of Tuesday’s FOMC minutes, the potential for major market-moving events is at a lull this week, and today’s 3:00 p.m. consumer credit data is unlikely to stir passion among stock market traders. It will be interesting to see if the market can build on last week’s solid performance after months of initial jobs-release rallies have given way quickly to bears.

The Russell 2000 (NYSE:IWM) is in positive territory as investors await details of the Bush administration’s plan to overhaul financial regulation.

At 10:05 a.m. ET, the small-cap index had added 2.20 points, or 0.32%, to 685.38. The Dow Jones Industrial Average (INDU) was up 3.83 points, or 0.03%, to 12,220.23.

Small-cap stocks seesawed in the opening minutes before heading higher as investors wait for news about sweeping changes in financial regulations proposed by the Bush administration. Treasury Secretary Henry Paulson is expected to make a speech at 10 a.m. ET outlining the plan.

Information released prior to the official announcement suggests that the proposal will give the U.S. Federal Reserve increased power over financial institutions. Many observers blame the subprime mortgage mess on lax oversight.

Satellite-based communications networks products and services provider Gilat Satellite Networks Ltd. (Nasdaq:GILT) said this morning that it will be acquired by a consortium of private equity investors including, The Gores Group, Mivtach Shamir Holdings, companies affiliated with Roy Ben-Yami, Ami Lustig and Eytan Stibbe and DGB Investments for $475 million, or $11.40 per share. Shares gained 5.3%, or $0.55, to $10.99 in pre-market trading.

For detailed price information and recent news stories about Gilat Satellite Networks, click GILT.

The Russell 2000 (NYSE:IWM) futures are slightly higher but have been narrowing as investors make sense of a new plan to regulate financial markets.

The Bush administration is proposing sweeping changes to the system of financial regulation that will give additional powers to the U.S. Federal Reserve. The plan will be formally outlined by Treasury Secretary Henry Paulson at 10 a.m. ET.

Bears took control of the Russell 2000 late Friday, with small caps losing 9.20, or 1.33%, to 683.18. The market struggled all week to attract buyers along the 705 zone, and that remains the critical upside point to watch early this week. Even before there, look for resistance on our old swingline at 700 Monday. Meanwhile, support comes into play at 680, 674 and 667.

The Chicago Purchasing Managers Survey comes out this morning at 10:00 a.m. ET, and could set the early tone for stocks. Potential volatility from economic releases will be a recurring theme this week, highlighted by Friday’s employment data.

Shares of Gilat Satellite Networks Ltd. (Nasdaq: GILT) are in the green following news after the close on Wednesday that the provider of digital satellite communication and networking products and services has signed an agreement with Airspan Networks Inc. (Nasdaq: AIRN) to resell Airspan’s WiMAX products worldwide. Financial details have not been made public.

At 3:57 p.m. ET, the stock was up $0.75, or 8%, to $10.25.

The Russell 2000 (NYSE: IWM) futures have declined and the small-cap index will open in negative territory.

Small-cap stocks are poised for a bearish opening on news that U.S. retail sales unexpectedly fell in February. The U.S. Commerce Department reported this morning that sales dropped 0.6%, defying economists’ forecasts for a small increase.

The Russell 2000 was unable to extend Tuesday’s big rally, and tumbled 6.50, or 0.97% to 667.31 on Wednesday. After the dramatic rise the previous day, a little bit of a “breather” session was not a surprise, but the market still needs to hold above 660 to help validate Tuesday’s huge rise. Look for chart resistance Thursday at 677.50, 683 and 688. Meanwhile, initial support should be seen at 660, then critical support comes in approaching 650.

The Business Inventories report at 10:00 a.m. will get a little more attention from traders. Still, the next big data risk comes with Friday’s CPI release.

Gilat Satellite Networks Ltd. (Nasdaq: GILT) shares are rising after the Israel-based company reported third-quarter profits of $5.9 million, or $0.14 per share, above analyst estimates of $0.12 per share and compared with $2.7 million, or $0.11 per share, a year earlier.

The satellite networking firm reported third-quarter revenue of $71.5 million, below Wall Street estimates of $72 million and from $63.8 million during the same period of 2006.

"During the third quarter we continued to experience strong growth in revenues and profits with revenues increasing by 12% year-over-year,” CEO Amiram Levinberg said in a statement. “The quarter was highlighted by enhanced activity in the government sector—one of our major areas of focus."

In morning trading, GILT shares are up 4.03%, or $0.42, at $10.83. Over the last 52 weeks, shares have ranged from $7.79 to $11.34.

China Techfaith Wireless Comm. Tech. Ltd. (Nasdaq: CNTF), Fushi International Inc. (Nasdaq: FSIN) and North American Galvanizing & Coatings (Nasdaq: NGA) are among the most actively traded companies in Tuesday pre-market trading among those with market capitalizations under $750 million:

In pre-market trading, shares in USA Technologies, Inc. (Nasdaq: USAT) are up more than 13% following an announcement Thursday morning that Coca-Cola will buy USA’s e-Port wireless non-cash technology for use in vending machines. In the deal which was filed with the SEC, USA will receive 5% of the cashless revenues and a monthly $9.95 fee per unit for each vending machine using USA’s technology. The company said it expects up to 7,500 e-Ports to be installed by August 31.

Chinese solar cell manufacturer Solarfun Power Holdings Co., Ltd. (Nasdaq: SOLF) shares are up about 5% in pre-market trading. The Shanghai-based company announced Wednesday before trading it swung to a loss for the first quarter ended March 31 of $0.3 million, down from a $4.3 million profit in the same period of 2006. The company’s revenue nearly doubled to $24 million from $13.3 million a year earlier, but operating expenses soared to $3.7 million, up from $0.4 million in the first three months of 2006.

Shares in Novacea, Inc. (Nasdaq: NOVC) are down more than 6% in Thursday pre-market trading after being downgraded by Bear Stearns to “peer perform” from “outperform.” The San Francisco-based biopharmaceutical company announced Wednesday before the start of trading it entered into an exclusive worldwide license agreement with biopharmaceutical company Schering-Plough Corp. (NYSE: SGP) for the development and commercialization of the cancer drug Asentar.

The following are the most actively traded companies in pre-market trading among those with market capitalizations under $500 million:

The following are the most actively traded companies in pre-market trading among those with market capitalizations under $500 million:

Lexington, Mass.-based Critical Therapeutics, Inc. (Nasdaq: CRTX) announced this morning that the U.S. Food and Drug Administration approved its drug for the treatment of Chronic Obstructive Pulmonary Disease (COPD).  Nevertheless, shares are down $0.03, or 2%, to $1.65.

End-to-end electronics manufacturing services SMTC Corp. (Nasdaq: SMTX) reported this morning that its first-quarter net income was $2.8 million, or $0.19 per share, approximately three times net income reported in the first quarter 2006.  Analysts were expecting earnings of $0.05 per share.  The Canadian company’s stock is up $0.03, or 1%, to $3.07.

The following are the most actively traded companies in pre-market trading among those with market capitalizations under $500 million: