Par Pharmaceutical Companies, Seahawk Drilling and RG Barry among 52-week highs
Par Pharmaceutical Companies Inc. (Nasdaq:PRX), Seahawk Drilling Inc. (Nasdaq:HAWKV) and RG Barry Corp. (Nasdaq:DFZ) are among the new 52-week highs in Tuesday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: First of Long Island Corp. (Nasdaq:FLIC), First Defiance Financial Corp. (Nasdaq:FDEF), LodgeNet Interactive Corp. (Nasdaq:LNET), Hicks Acquisition I Units (Nasdaq:TOH.U), Century BanCorp Inc. (Nasdaq:CNBKA) and SIFCO Industries Inc. (Nasdaq:SIF).
Barry RG and Par Pharmaceutical Cos are the sole 52-week highs.
Barry RG Corp. (Nasdaq:DFZ) and Par Pharmaceutical Cos Inc. (Nasdaq:PRX) are the sole 52-week highs on Monday's session.
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Par Pharmaceutical Companies, Ship Finance International and Dynamic Materials lead small-cap percentage losers
Par Pharmaceutical Companies Inc (Nasdaq:PRX), Ship Finance International Ltd (Nasdaq:SFL) and Dynamic Materials Corp (Nasdaq:BOOM) are among the biggest percentage losers in Tuesday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: Young Innovations Inc (Nasdaq:YDNT), Republic Airways Holdings Inc (Nasdaq:RJET), Skywest Inc (Nasdaq:SKYW), Emeritus Corp (Nasdaq:ESC), Investors Title Co (Nasdaq:ITIC) and Genesco Inc (Nasdaq:GCO).
Economic worries down Russell 2000The Russell 2000 (NYSE: IWM) and the other major U.S. indices are posting declines as investors worry about the future of the economy. At 10:46 a.m. ET, the small-cap index had lost 10.38 points, or 1.39%, to 738.95. The Dow Jones Industrial Average (INDU) had shed 145.91 points, or 1.12%, to 12,864.23. Stocks began the day with a drop as investors reacted to news that the U.S. Federal Reserve lowered its growth outlook for the U.S. economy. On Tuesday the Fed forecasted that growth will slow in 2008 and unemployment will creep up slightly as rising energy prices and the ongoing slump in the housing sector take their toll. Inflation is projected to remain in check. In other economic news, the Labor Department reported before the opening that jobless claims for the week ended Nov. 17 decreased 11,000 to 330,000 from the previous week’s upwardly revised level of 341,000. The four-week moving average, considered a more stable measure, fell 750 to 329,750 from 330,500 a week earlier. The numbers tell us that labor markets are still fairly tight. 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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