Tag - Hibb

Synutra International Inc (Nasdaq:SYUT), STEC Inc (Nasdaq:STEC) and Sun Communities Inc (Nasdaq:SUI) are among the biggest percentage gainers in Friday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Eagle Bancorp Inc (Nasdaq:EGBN), Hibbett Sports Inc (Nasdaq:HIBB), eHealth Inc (Nasdaq:EHTH), FEI Co (Nasdaq:FEIC), Healthways Inc (Nasdaq:HWAY) and Green Bankshares Inc (Nasdaq:GRNB).

STEC Inc. (Nasdaq:STEC), Palm Inc. (Nasdaq:PALM) and Hibbett Sports Inc. (Nasdaq:HIBB) are among the most actively traded companies in Friday's trading among companies with market capitalizations under $1 billion.

Also included among the results: UAL Corp. (Nasdaq:UAUA), GMX Resources Inc. (Nasdaq:GMXR), Sequenom Inc. (Nasdaq:SQNM), Harbin Electric Inc. (Nasdaq:HRBN), Force Protection Inc. (Nasdaq:FRPT) and DrdGold ADR (Nasdaq:DROOY).


Also included among the results: UAL Corp. (Nasdaq:UAUA), GMX Resources Inc. (Nasdaq:GMXR), Sequenom Inc. (Nasdaq:SQNM), Harbin Electric Inc. (Nasdaq:HRBN), Force Protection Inc. (Nasdaq:FRPT) and DrdGold ADR (Nasdaq:DROOY).

Delta Petroleum Corp. (Nasdaq:DPTR), DryShips Inc. (Nasdaq:DRYS) and United Natural Foods Inc. (Nasdaq:UNFI) are among the most actively traded companies in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Finish Line Inc. (Nasdaq:FINL), True Religion Apparel Inc. (Nasdaq:TRLG), Iconix Brand Group Inc. (Nasdaq:ICON), Green Mountain Coffee Roasters Inc. (Nasdaq:GMCR), Hibbett Sports Inc. (Nasdaq:HIBB) and i2 Technologies Inc. (Nasdaq:ITWO).

Doral Financial Corp. (Nasdaq:DRL), Gymboree Corp. (Nasdaq:GYMB) and The9 Ltd. (Nasdaq:NCTY) are among the biggest percentage gainers in Thursday's trading among companies with market capitalizations under $1 billion.

Also included among the results: ATA Inc. (Nasdaq:ATAI), RC2 Corp. (Nasdaq:RCRC), Alaska Air Group Inc. (Nasdaq:ALK), Hibbett Sports Inc. (Nasdaq:HIBB), Dress Barn Inc. (Nasdaq:DBRN) and Janus Capital Group Inc. (Nasdaq:JNS).

Sporting goods store Hibbett Sports, Inc. (Nasdaq:HIBB) said after Wednesday’s close that its President and Chief Operating Officer, Nissan Joseph, has decided to leave due to philosophical differences. Shares lost 9%, or $2.15, to $23.00 ahead of the opening bell.

For detailed price information and news stories on Hibbett Sports, click HIBB.

Angelica Corp (Nasdaq:AGL), Vivus Inc (Nasdaq:VVUS) and IXYS Corp (Nasdaq:IXYS) are among the biggest percentage gainers in Friday's trading among companies with market capitalizations under $750 million.

Hibbett Sports Inc (Nasdaq:HIBB), Sucampo Pharmaceuticals Inc (Nasdaq:SCMP) and Cheniere Energy Inc (Nasdaq:LNG) are also among the biggest percentage gainers.

Here are the biggest percentage gainers among small caps:

Shares of Hibbett Sports, Inc. (Nasdaq: HIBB) are gaining ground in pre-market after the sporting goods retailer reported first-quarter results after Thursday’s close that trumped the consensus on Wall Street. The retailer attributed results to a slight increase in comparable store sales for the quarter. Hibbett also noted that it is currently experiencing mid single digit comp store sales gains in the second quarter.

Shares rose 14%, or $2.46, to $20.29 in pre-market trading. For detailed price information and recent news stories about Hibbett Sports, click HIBB. 

Small-cap stocks pushed higher Thursday, snapping a string of four consecutive losing days as investors found relief from an intraday reversal in crude oil prices. The Russell 2000 (NYSE:IWM) closed up 5.90, or 0.81%, at 733.01.

“Today was all about reacting to crude oil. In fact, [Wednesday] was about crude oil and Friday is going to be about crude oil. When prices get this extreme at the gas pump, it really makes you wonder if we’re approaching the breaking point for the consumer. If they don’t have discretionary money to spend on things other than gas, then it’s going to have a negative rollover effect on everything else,” said Dominic Boyle, market strategist with Lind-Waldock, in a phone interview.

In order for equity markets to sustain the rally off the March lows, Boyle said, “we will have to get confirmation from crude” in the form of a top, or at least a dramatic slowdown in the escalation of energy prices. After a new record high overnight at $135 dollars a barrel, crude oil futures slipped back to about $131 during the U.S. trading session and left a little potential topping pattern by making new highs and closing lower.

As crude oil tilted off the highs today, the greenback chewed up some recent lost ground, rising about 0.6% against the euro and 1.2% versus the yen. In general, a strong dollar of late has been seen as a positive signal for equities, associated with investment flow into U.S. stocks, and potential unwinding of short dollar/long commodity trades.

In addition, some of today’s upbeat psychology may have been stoked by news of a big acquisition, with NRG Energy Inc. (NYSE:NRG) tendering a bid to purchase Calpine Corp. (NYSE:CPN) for a stock deal worth about $11 billion. If there are . . .

Shares of Hibbett Sports, Inc. (Nasdaq: HIBB) are sagging on news after the close on Thursday that the operator of sporting goods retail stores expects fiscal 2009 net income between $0.88 per share and $1.00 per share. Analysts polled by Thomson Financial were forecasting a profit of $1.08 per share.

At 10:54 a.m. ET, the stock was off $0.70, or 5%, to $14.08.

The Russell 2000 (NYSE: IWM) and the other major U.S. indices are languishing deep in negative territory. At 1:55 p.m. ET, the small-cap index had dropped 15.93 points, or 2.24%, to 696.55. The Dow Jones Industrial Average (INDU) was down 229.81 points, or 1.80%, to 12,548.34.

The mood on Wall Street remains bearish following disappointing news from the financial sector and the U.S. economy.

The negative tone was set before the start of trading when Citigroup Inc. (NYSE: C) announced that it swung to a fourth-quarter loss of $9.83 billion, or $1.99 per share, compared with a profit of $5.13 billion, or $1.03 per share, a year earlier.

That’s the biggest loss in the nearly 200-year history of the New York-based bank. Citigroup also reported that it is cutting over 4,000 jobs and has incurred $18.1 billion in pretax write-downs and credit costs.

In the face of such abysmal numbers, Citigroup turned for help to the governments of Singapore and Kuwait, as well as one of its former chairman and a member of the royal family of Saudi Arabia. The investors are chipping in with a cash infusion of $14.5 billion.

Today’s leading economic news is also bearish and fueling more worries of a looming recession.

The U.S. Census Bureau reported before opening that retail sales in December fell 0.4%, while economists were expecting to see a modest increase of 0.1%. Sales for November were revised down to a gain of 1% from an initially reported 1.2%.

Sporting goods retailer Hibbett Sports, Inc. (Nasdaq: HIBB) downwardly revised its earnings guidance for the fourth quarter and said it expects to report a decrease in comparable-store sales, sending shares barreling downward this morning.

The Birmingham, Ala.-based small cap attributed its revised guidance to decreased traffic due to the lack of a “hot trend” or product technology, as well as a weak economic environment.

Hibbett said it now expects to report earnings per share in the range of $0.20 to $0.26, down from the company’s previous earnings guidance range of $0.36 to $0.44 per share. For the fourth quarter last year, the company recorded earnings of $0.39 per share.

The sporting goods retailer also warned that it expects to report a mid-single-digit comparable-store sales decrease on a fiscal basis and on a comparable-store, comparable-week basis. This compares with previous expectations for a low-single-digit comparable-store sales increase on a calendar basis and a mid-single-digit increase in comparable-store sales on a fiscal basis.

“Although management, during its third-quarter 2008 conference call, advised that it did not intend to be more promotional than it had been in the year ago period, we believe the company was likely pressured into increasing the level of promotional activity during the just-concluded holiday season in order to entice a very selective and price-sensitive shopper to visit its stores,” Susquehanna Financial analyst John Shanley wrote in a research note today.

The Russell 2000 (NYSE: IWM) is falling fast on news of an unexpected decline in U.S. retail sales and a scare from the financial sector.
 
At 10:54 a.m. ET, the small-cap index had lost 16.94 points, or 2.38%, to 695.54. The Dow Jones Industrial Average (INDU) was down 201.93 points, or 1.58%, to 12,576.22.

The bears are running the show on Wall Street following news that December U.S. retail sales declined more than expected.

The U.S. Census Bureau reported before the start of trading that retail sales in December fell 0.4%, while economists were expecting to see a modest increase of 0.1%. Sales for November were revised down to a gain of 1% from an initially reported 1.2%.

Purchases excluding automobiles also posted a decline of 0.4%, while economists were projecting a rise of 0.1%.

A pullback in consumer spending is a worrying sign for a U.S. economy that has already been hit by stagnating home prices, higher energy costs and a tightening of credit. Fears of a recession are once coming to the forefront.

There was more bearish news coming from the financial sector, with Citigroup Inc. (NYSE: C), the largest American bank by assets, reporting the biggest loss in its history.

The Russell 2000 (NYSE: IWM) futures are pointing down sharply and the small-cap index will likely open lower.

Citigroup Inc. (NYSE: C), the largest American bank by assets, weighed down stocks after reporting its first quarterly loss in a decade.  The New York City-based bank swung to a fourth-quarter loss of $9.83 billion, or $1.99 per share, compared with a profit of $5.13 billion, or $1.03 per share, a year earlier.  The firm was forced to book pretax write-downs and credit costs of approximately $18.1 billion due to subprime mortgage woes.

In other negative news, the Commerce Department said sales at U.S. retailers fell 0.4% in December, which was more than economists were expecting. Purchases excluding automobiles also declined 0.4%, which again was greater than economists expected.

Also weighing down futures is the Labor Department’s announcement that producer prices fell 0.1% during December. Core producer prices, excluding food and energy, grew 0.2%, which was in line with economists’ expectations.

Biggest percentage gainers:

• Manatron Inc. (MANA), up 32.3%.
• Lifecore Biomedical Inc. (LCBM), up 30.5%.
• Vignette Corp. (VIGN), up 10%.

Biggest percentage losers:

• Hibbett Sports Inc. (HIBB), down 22.3%.
• Coldwater Creek Inc. (CWTR), down 15.3%.
• Arts Way Mfg Inc. (ARTW), down 12.2%.

The Russell 2000 (NYSE: IWM) futures are higher and the small-cap index will open with a rise as investors focus on the U.S. retail sector.

With little business news and no major economic releases due to the Thanksgiving Day holiday, the retail sector will be grabbing headlines.  Today is the so-called “Black Friday”, the day when millions of Americans do their holiday shopping and when retailers become profitable for the year.

Black Friday is traditionally one of the busiest shopping days of the year and typically marks the beginning of the Christmas shopping season.

Here are the biggest percentage gainers and losers in pre-market trading among companies with a market cap between $100 million and $750 million:


• China Precision Steel, Inc. (CPSL), up 9%.
• China Fire & Security Group, Inc. (CFSG), up 6%.
• Qiao Xing Universal Telephone, Inc. (XING), up 5%.


• City Telecom (H.K.) Ltd. (CTEL), down 16% following the release of its quarterly and annual financial results.
• Sify Technologies Ltd. (LYTS) down 4%.
• Hibbett Sports Inc. (HIBB) down 1%.