Tag - Glre

DryShips Inc (Nasdaq:DRYS), Orexigen Therapeutics Inc (Nasdaq:OREX) and Greenlight Capital Re Ltd (Nasdaq:GLRE) are among the most actively traded companies in Friday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Eagle Bulk Shipping Inc (Nasdaq:EGLE), Solarfun Power Holdings Co Ltd (Nasdaq:SOLF), Allscripts Misys Healthcare Solutions Inc (Nasdaq:MDRX), American Medical Systems Holdings Inc (Nasdaq:AMMD), TBS International Ltd (Nasdaq:TBSI) and Canadian Solar Inc (Nasdaq:CSIQ).

Parexel International Corporation (Nasdaq:PRXL), Kendle International Inc. (Nasdaq:KNDL) and Convergys Corp. (Nasdaq:CVG) are among the new 52-week lows in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Ceradyne Inc. (Nasdaq:CRDN), American Ecology Corp. (Nasdaq:ECOL), Cynosure Inc. (Nasdaq:CYNO), Crane Co. (Nasdaq:CR), Hill International Inc. (Nasdaq:HIL) and Greenlight Capital Re Ltd. (Nasdaq:GLRE).

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

Small-cap stocks started off the day in negative territory and were never able to recover, even though large-cap stocks pared losses significantly from the intraday lows. Anxiety over the latest version of the financial rescue plan, soft economic data, sluggish consumer, technology and commodity stocks weighed down the Russell 2000 (NYSE:IWM), which slipped 7.99, or 1.18%, to 671.59. For the year, the Russell is down 12.3%, while the Dow is off 18.3% and the S&P 500 is down 20.9%.

The Senate is slated to vote later this evening on a new version of the $700 billion bailout plan, with additions to bank deposits that are insured and tax breaks. There is a strong sense among market watchers that some version of a rescue plan will be approved —  probably as soon as this weekend — but there are also growing fears that the bailout alone won’t fix all the economic ails facing not just America, but also the world.

General Electric Co. (NYSE:GE) plunged after the bell this morning following analyst downgrades overnight. GE is seen as a bellwether for the economy, and when that company is struggling, it can create a downward ripple throughout industrial and consumer stocks. However, after billionaire investor Warren Buffett said he planned to invest $3 billion in GE, the stock did rally off the lows. For the day, GE was off about 4%.

Most of the recent twists and turns in the stock market have been tied to the massive proposed bailout plan, but today economic data started to make a dent in the investor psyche — perhaps stirred by the realization that the big jobs report comes out Friday morning. An early take on the employment situation from private surveys didn’t exactly paint a great picture. Even though the ADP Employment survey was on the low side of the forecast, a report on layoffs by Challenger, Gray & Christmas Inc. showed a 7.2% jump in layoffs last month and a rate that was 33% above year-ago levels. What’s more, analysts at Challenger said that layoffs in the financial sector . . .

Greenlight Capital Re. Ltd. (Nasdaq:GLRE) plummeted to a new 52-week low after announcing disappointing preliminary third-quarter results.

The Grand Cayman-based specialty property and casualty reinsurance company announced at 9:11 am ET that it expects a net loss per share in the range of $3.30 to $3.45.

In a statement issued at 9:11 AM ET, Greenlight’s chairman David Einhorn said it had been “an extraordinarily difficult investment period.”

By mid-morning, Greenlight is at $16.24, down $6.75 from Tuesday’s close. The stock had previously traded between $16.30 and $23.85 in the past 52 weeks.

Trading volume was significantly higher than normal with nearly 280,000 shares changing hands compared with an average three-month volume of 127,720 shares.

For detailed price information and news stories on Greenlight Capital, click GLRE.

Phoenix Co Inc. (Nasdaq:PNX), Greenlight Capital Re Ltd. (Nasdaq:GLRE) and Delta Apparel Inc. (Nasdaq:DLA) are among the biggest percentage losers in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Coleman Cable Inc. (Nasdaq:CCIX), Noble International Ltd. (Nasdaq:NOBL), Collectors Universe Inc. (Nasdaq:CLCT), Lexington REIT (Nasdaq:LXP), Telvent GIT SA (Nasdaq:TLVT) and Crosstex Energy Inc. (Nasdaq:XTXI).

Here are the biggest percentage losers among small caps:

Small-cap stocks opened lower, pulled down by profit-taking from hot money traders who caught the big rally Tuesday, a batch of soft private employment reports and reticence ahead of Washington’s latest vote on the financial bailout package. At 10:03 a.m. ET, the Russell 2000 (NYSE:IWM) was down 8.65, or 1.27%, at 670.94.

Although the market is starting to take more notice on the economic data front ahead of Friday’s big jobs release, the lion’s share of attention is still squarely on the surprisingly uncertain world of politics and the proposed $700 billion bailout of Wall Street after House Republicans voted down a bill authored by the Republican administration. The latest version of the bill — with new “extenders” included, is up for a Senate vote later today. Although nothing is certain in politics, especially in an election year, there is a sense among market watchers that some version of the rescue plan will be approved by the end of the week.

As for the economic reports already in hand this morning, stock index futures appeared to briefly extend overnight declines after the ADP Employment survey showed a decline of just 8,000 jobs last month, which was better than the forecast for a slide of 60,000. Even though the number would seem supportive, August was revised downward slightly and traders are well aware that the ADP number has not been tracking well with the Labor Department release, which is slated for Friday morning. A consensus of economists is forecasting the Labor Department to show a decline in non-farm payrolls of 100,000 and an unemployment rate of 6.1%.

In other economic news, the ISM Manufacturing Survey came out at 10:00 a.m. ET, and the headline figure was at 43.5, which was well below the projection of 49.8. The dollar gave up some of its overnight gains after the weak ISM figure, interest rates pushed higher and Fed funds futures edged above a 50% chance for a . . .

Small-cap stocks shot higher Tuesday, lifted by a renewed sense of optimism that the logjam in Washington on the financial rescue plan will be cleared. Upbeat economic data and a rush of bargain hunting also played into the huge rally in stocks. For the day, the Russell 2000 (NYSE:IWM) was up 21.87, or 3.32%, at 679.58. For the year, small-cap stocks are now down 11.2%, while the Dow is off 18.1% and the S&P 500 is down 20.7%.

The market retained diabolical volatility; just one day after Wall Street endured the worst day since the 1987 stock market crash, they enjoyed the best day in six years today. Financial stocks – especially banks – were back in favor today, helped by talk that accounting regulations could be changed to allow more favorable rules on asset valuation. The PHLX KBW Banking Index shot up 15.7%, which is a stunning one-day advance for that product. Among individual large-cap banks, Citigroup Inc. (NYSE:C) was up 15.6%, while JP Morgan Chase & Co. (NYSE:JPM) rallied 13.9%.

The market took heart in talk from President Bush that a financial rescue bill would still be resuscitated this week, which triggered a rush of pent-up buying from investors who see value at current levels. That said, recent volatility underscores that the tone can shift violently at a moment’s notice.

Although investors are too preoccupied with the to and fro between Wall Street and Washington on the rescue plan front to pay much attention to economic data, a couple of reports this morning topped the forecast and likely helped retain the positive mood. The Chicago Purchasing Manager’s Survey came in at 56.7, which was . . .

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