Bronco Drilling, LMI Aerospace and Men's Wearhouse lead small-cap percentage gainers
Bronco Drilling Co Inc. (Nasdaq:BRNC), LMI Aerospace Inc. (Nasdaq:LMIA) and Men's Wearhouse Inc. (Nasdaq:MW) are among the biggest percentage gainers in Thursday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: National Western Life Insurance Co. (Nasdaq:NWLI), Santander Bancorp (Nasdaq:SBP), Hanesbrands Inc. (Nasdaq:HBI), Steak n Shake Company (Nasdaq:SNS), Hexcel Corp. (Nasdaq:HXL) and Hingham Institution for Savings (Nasdaq:HIFS).
Small-cap stocks push high; HSVLY, TTGT, and SNCR lead gainers
Small-cap stocks pushed higher on the opening, maintaining an early gain on a jump in consumer confidence that helped counter absolutely dreadful reports on the housing market. Some of today’s small-cap gainers are Highland Steel & Vanadium Corp. Ltd. (Nasdaq:HSVLY), TechTarget Inc.(Nasdaq:TTGT) and Synchronoss Technologies (Nasdaq:SNCR).
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Other Market Watch highlights today included: • In overnight trading, European shares were slightly firm, but Asia stocks took a hit, with car makers still in the spotlight. • Despite the gloomy home news, consumer confidence as seen in the Michigan sentiment survey rose to 60.1, better than the forecast of 58.6. • The truly scary news came from the existing home sales data, which showed sales at an annual rate of 4.49M units, off the 4.93M forecast. • The new home sales report came in at an annualized rate of 407,000 units, which was below the forecast for 415,000. Small Cap Gainers: • Highland Steel & Vanadium Corp. Ltd. jumped 12% and shows promising bottoming action on daily charts as the South African steel maker struggles to recover off the November lows. See (Nasdaq:HSVLY). • TechTarget Inc. was up nearly 10% as the IT media firm tries to sustain a nice rally off the November lows. See (Nasdaq:TTGT). • Synchronoss Technologies up 5% following a raised price target last week. See (Nasdaq:SNCR). • Loral Space and Communications Inc. was up 2.8% trying to recoup some of the big slide Monday. See (Nasdaq:LORL). Small Cap Losers: • American Greetings Corp. slumped 21% as the greeting card company took an earnings-related hit. See (NYSE:AM). • AgFeed Industries dips over 3% on very light volume. See (Nasdaq:FEED). • The Men's Wearhouse declines 3%, extending Monday's dramatic fall. See (NYSE:MW). • Krispy Kreme Doughnuts dips on light volume, hovering near a 52-week low of $1.76. See (NYSE:KKD). 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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