Tag - Lxp

Small-cap stocks edged slightly lower on the open, pulled down by declines in overseas markets but a bounce in crude oil prices into the stock market opening helped limit selling interest, as did Federal Reserve comments on the TARP.  Some of today’s small-cap gainers were ZymoGenetics (Nasdaq:ZGEN), Lexington Realty Trust (NYSE:LXP) and Symmetry Medical Inc. (NYSE:SMA).

Other Market Watch highlights today included:

• Europe stocks were down about 2%, while Asian equities were off about 3%, with mining, energy, telecom, bank and tech stocks taking a hit.  
• In overseas trading, European and Asian markets appeared to be “catching up” with the slide Monday in U.S. equities.  
• Crude oil prices were down about $1 a barrel overnight, but rallied back into positive territory just ahead of the stock market open today.  
• The international trade report showed that the U.S. deficit narrowed by 28.7% in November, which marked the largest contraction in 12 years.  

Small Cap Gainers:

• Bristol-Myers buys ZymoGenetics’ experimental Hepatitis C drug; shares of ZymoGenetics pop 53% in pre-market. See (Nasdaq:ZGEN).
• Lexington Realty Trust rose 14%, essentially recovering Monday’s big decline. See (NYSE:LXP).  
• Symmetry Medical Inc. climbed 13% as the medical implant firm tried to rally after sinking to the lowest daily close in more than a year on Monday. See (NYSE:SMA).
• InterOil Corp. rose 12% as the firm updated drilling progress on a reservoir in Papua, New Guinea. See (NYSE:IOC).  

Small Cap Losers:

• Cepheid gapped lower and fell 18% gene analysis firm reported earnings that didn’t match up with investor expectations. See (Nasdaq:CPHD).  
• Prestige Brands lowers guidance; stock slumps over 13%. See (NYSE:PBH).   
• AMB Property Corp. slipped 8% as the firm made some dividend announcements. See (NYSE:AMB).  

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: