Tag - Rdea

Novavax Inc. (Nasdaq:NVAX), Brigham Exploration Co. (Nasdaq:BEXP) and America's Car-Mart Inc. (Nasdaq:CRMT) are among the biggest percentage gainers in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Alpha Pro Tech Ltd. (Nasdaq:APT), Sinovac Biotech Ltd. (Nasdaq:SVA), NB&T Financial Group Inc. (Nasdaq:NBTF), Ardea Biosciences Inc. (Nasdaq:RDEA), American Physicians Capital Inc. (Nasdaq:ACAP) and BTU International Inc. (Nasdaq:BTUI).

Interactive Intelligence Inc (Nasdaq:ININ), Stein Mart, Inc (Nasdaq:SMRT) and Eastern Co (Nasdaq:EML) are among the new 52-week highs in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Cooper Tire & Rubber Co (Nasdaq:CTB), Ardea Biosciences Inc (Nasdaq:RDEA), Broadpoint Gleacher Securities Group Inc (Nasdaq:BPSG), United States Lime & Minerals Inc (Nasdaq:USLM), Cray Inc (Nasdaq:CRAY) and Books-A-Million Inc (Nasdaq:BAMM).

Interactive Intelligence Inc. (Nasdaq:ININ), Noven Pharmaceuticals Inc. (Nasdaq:NOVN) and Stein Mart, Inc. (Nasdaq:SMRT) are among the new 52-week highs in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Ardea Biosciences Inc. (Nasdaq:RDEA), Books-A-Million Inc. (Nasdaq:BAMM), Clearwater Paper Corp. (Nasdaq:CLW), Hi-Tech Pharmacal Inc. (Nasdaq:HITK), Global Consumer Acquisition Units (Nasdaq:GHC.U) and SXC Health Solutions Corp. (Nasdaq:SXCI).

Ardea Biosciences Inc. (Nasdaq:RDEA), Mercury Computer Systems Inc. (Nasdaq:MRCY) and MAKO Surgical Corp. (Nasdaq:MAKO) are among the new 52-week highs in Monday's trading among companies with market capitalizations under $1 billion.

Books-A-Million Inc. (Nasdaq:BAMM), Ardea Biosciences Inc. (Nasdaq:RDEA) and Frisch's Restaurants Inc. (Nasdaq:FRS) are among the new 52-week highs in Thursday's trading among companies with market capitalizations under $1 billion.

Great Southern Bancorp Inc.(Nasdaq:GSBC), STEC Inc.(Nasdaq:STEC) and Loral Space & Communications Inc.(Nasdaq:LORL) are among the new 52-week highs in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Hawkins Inc.(Nasdaq:HWKN), Medifast Inc.(Nasdaq:MED), Pervasive Software Inc.(Nasdaq:PVSW), Diedrich Coffee Inc.(Nasdaq:DDRX), Ardea Biosciences Inc.(Nasdaq:RDEA) and ESB Financial Corp.(Nasdaq:ESBF).

Integral System Inc. (Nasdaq:ISYS), Build-A-Bear Workshop Inc. (Nasdaq:BBW) and Oshkosh Corp. (Nasdaq:OSK) are among the biggest percentage losers in Thursday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Circor International Inc. (Nasdaq:CIR), Carbo Ceramics Inc. (Nasdaq:CRR), ENPRO Industries Inc. (Nasdaq:NPO), ManTech International Corp. (Nasdaq:MANT), Ardea Biosciences Inc. (Nasdaq:RDEA) and Pacific Capital Bancorp (Nasdaq:PCBC).

Small-cap stocks opened lower, pressured by bleak retail sales data, soft earnings news, a pullback in energy prices, money flow into credit markets and a “breather” mentality after Thursday afternoon’s humongous recovery rally. Today’s small-cap gainers are ARYx Therapeutics Inc. (Nasdaq:ARYX), ATA (Nasdaq:ATAI) and Evotec (Nasdaq:EVTC).

Other Market Watch highlights today included:

• Energy shares were a big positive factor for the market during Thursday’s rally, but were a drag this morning.  
• Libor rates edged up again overnight for the second consecutive session, which raises some caution flags among investors about the lending mentality around the world.  
• Bernanke: Bank liquidity measures are generating tentative improvements in credit markets; central banks remain ready to act if needed.   
• There is also a chance that traders don’t want to be caught short over the weekend just in case the G-20 comes out with some stunning stimulus package.  

Small Cap Gainers:

• ARYx Therapeutics Inc. announces $21.6 million private placement; shares pop 41%. See (Nasdaq:ARYX).  
• Computer-based testing services provider ATA up 27% after revealing a $5 million share buyback program. See (Nasdaq:ATAI).  
• Evotec up 19% as Q3 loss narrows, it lifts FY08 revenue outlook. See (Nasdaq:EVTC).   • MYR Group, a specialty contractor serving the electrical infrastructure market in the U.S., is up 18% after reporting Q3 results. See (Nasdaq:MYRG).
• Human Genome Sciences up 4.2% in pre-market despite being downgraded to "neutral" on Tuesday. See (Nasdaq:HGSB).

Small Cap Losers:

• MedCath Corp. tumbled 33% as the health care services provider reported quarterly results. See (Nasdaq:MDTH).
• Ardea Biosciences Inc. fell 27% as the biotech firm also fell on earnings news. See (Nasdaq:RDEA).  
• Lasalle Hotel Properties fell 17% as the luxury hotel operator rescinded their previous outlook as results are falling well short of expectations. See (NYSE:LHO).  
• Abercrombie & Fitch Co. beats the estimate, but slashes its forecast as well. Shares down over 5%. See (NYSE:ANF).

Small-cap stocks opened lower, pressured by bleak retail sales data, soft earnings news, a pullback in energy prices, money flow into credit markets and a “breather” mentality after Thursday afternoon’s humongous recovery rally. At 9:57 a.m. ET, the Russell 2000 (NYSE:IWM) was down 5.85, or 1.19%, at 485.39.

Today’s “big event” -- the retail sales report, came in below expectations with a record October drop of 2.8%, far off the projection for a 1.5% decline, but closer to the whisper numbers making the round late this week. Stock index futures were down about 1.5% before the awful retail sales release and they remained down about 1.5% in the 60 minutes following the report, which suggests that other factors were at play. This morning’s Michigan sentiment survey came in at 57.9, which was slightly better than the forecast of 56.5, and which appeared to have little impact on trading.

The pullback this morning could simply be the market taking a break after a stunning bullish reversal off bear market lows Thursday. There is also a chance that traders don’t want to be caught short over the weekend just in case the G-20 comes out with some stunning stimulus package. G-20 leaders started an economic summit today in Washington to discuss the ongoing global financial crisis. And while G-20 leaders are in Washington working on ways to fix the world’s financial problems, central bankers are over in Europe, where the latest news overnight is that the eurozone economy slipped into recession for the first time in 15 years. Bernanke said that bank liquidity measures were generating tentative improvements in credit markets and that central banks remain ready to act if needed. His comments came into the teeth of the retail sales release but seemed to have limited initial market reaction.

Libor rates edged up again overnight for the second consecutive session, which raises some caution flags among investors about the lending mentality around the world. Within the credit spectrum this morning, money seemed to moving into Treasury products, with the yield on benchmark 10-year notes tumbling more than 3%. Since yields move inverse to price the big slide on rates reflects demand for Treasury products. Energy shares were a big positive factor for the market during Thursday’s rally, but were a drag this morning as crude oil prices slipped about $0.70 . . .

SM&A (Nasdaq:WINS), First Regional Bancorp (Nasdaq:FRGB) and Ardea Biosciences Inc. (Nasdaq:RDEA) are among the biggest percentage gainers in Friday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Idenix Pharmaceuticals Inc. (Nasdaq:IDIX), Bankrate Inc. (Nasdaq:RATE), Cbeyond Inc. (Nasdaq:CBEY), Loral Space & Communications Inc. (Nasdaq:LORL), DivX Inc. (Nasdaq:DIVX) and Great Atlantic & Pacific Tea Co Inc. (Nasdaq:GAP).

Here are the biggest percentage gainers among small caps:

ENGlobal Corp. (Nasdaq:ENG), Banco Macro SA (Nasdaq:BMA) and Nortel Inversora SA (Nasdaq:NTL) are among the biggest percentage losers in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Twin Disc Inc. (Nasdaq:TWIN), Ameris Bancorp (Nasdaq:ABCB), Hiveld Steel Depository Receipt (Nasdaq:HSVLY), Ardea Biosciences Inc. (Nasdaq:RDEA), Insulet Corp. (Nasdaq:PODD) and Southwest Bancorp Inc. (Nasdaq:OKSB).

Here are the biggest percentage losers among small caps:

Small-cap stocks tumbled hard on the opening, pulled down by terrible housing starts data, fear of a recession and expiration worries, which countered positive earnings news and another dip in Libor rates overnight. At 9:57 a.m. ET, the Russell 2000 (NYSE:IWM) was off 11.14 or 2.08%, at 525.44. Small-caps were leading the way down in equities, which was a troubling signal ahead of the weekend.

The housing starts report came in woefully weak, down 6.3% with the annual rate at 817,000 units, which was well below the forecast of 875,000. The overall rate is the slowest pace since January 1991 and the rate on single-family home units was the lowest in more than 26 years.

The Michigan sentiment survey came in at 57.5, which was well below the forecast of 67.0 and off the September final reading of 70.3. The market had little immediate reaction to the report.

Today marks expirations for stock options, which could add some volatility into the mix. The market has obviously been trending lower for the month, which keeps the bias for expirations on the bearish side of the ledger.

In an op-ed piece in the New York Times, Warren Buffett, the “Oracle of Omaha” and the richest man in America, said that he was buying U.S. stocks. He wrote that the market will likely move higher “perhaps substantially so, well before either sentiment or the economy turns up.” In addition to his stunning success as an investor and buyer of companies, Buffett’s folksy personae has generated quite a following . . .

Small caps have plunged this afternoon, as recession fears have gripped stocks. Already concerned about still frozen credit piping, a slew of lackluster economic data and a sobering speech by Fed Chairman Ben Bernanki only served to push the market lower. At 2:36 p.m. ET, the Russell 2000 (NYSE:IWM) was down 34.81, or 6.28%, to 519.99.

A ghastly retail sales report, hit equity markets hard this morning, causing traders to keep their fingers on the sell button. September retail sales plunged 1.2%, which was nearly double the forecast for a slide of 0.6%. This marked the largest one-month decline since August 2005. Even worse, this was the third consecutive month retail sales have fallen, which hasn’t happened in more than 17 years. With two-thirds of the U.S. economy driven by consumer spending, the plunge in retail sales signals to the reality of a consumer led recession.

Adding to the grim economic picture, factory activity in New York slumped in October, with the NY Manufacturing Survey down 24.6% to the lowest reading in some seven years.

Also, on the economic docket today, the producer price index, a measure of wholesale inflation, wasn’t nearly as dismal. The headline figure for PPI met the forecast at minus 0.4%. “Although the core component is a little worrisome, lower commodity prices and the firmer tone the USD is taking should restrain costs in the year ahead,” BMO Capital Markets economist, Jennifer Lee wrote today.

Ahead of the opening this morning, the MBA Mortgage Application Survey rose 5.1% as mortgage rates slipped; however, purchase activity remained near seven-year lows. ...

Fortress Investment Group LLC (Nasdaq:FIG), Century Aluminum Co. (Nasdaq:CENX) and Jones Apparel Group Inc. (Nasdaq:JNY) are among the biggest percentage losers in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Eagle Bulk Shipping Inc. (Nasdaq:EGLE), Genco Shipping & Trading Ltd. (Nasdaq:GNK), Excel Maritime Carriers Ltd. (Nasdaq:EXM), Interoil Corp. (Nasdaq:IOC), Ardea Biosciences Inc. (Nasdaq:RDEA) and Aegean Marine Petroleum Network Inc. (Nasdaq:ANW).

Here are the biggest percentage losers among small caps:

The Russell staged a dramatic comeback at Friday’s closing, closing up a stunning 4.66%, and shooting nearly 12% off an intraday trough that marked the lowest point since August 2003. Other Market Watch highlights today included:

• In what will be forever remembered as a historic week for the stock market, small caps shed 15.6% in an unprecedented collapse this week.
• From a charting and index perspective, the late recovery move in stocks today was paced by small caps, which was an encouraging sign.
• If small caps start to show a leadership role in the coming days, it could be a sign that a bottom, or at least stabilization is nearby. 
• AMR Corp, Delta and Continental Airlines were among the most actively traded small caps today amid falling oil prices.
• Crude oil prices tumbled 10% today to fresh one-year lows.

Small Cap Gainers:

• Alaska Air Group (NYSE:ALK) closed up about 30% on momentum from the decline in energy prices, late day small-cap recovery moves.
• Ardea Biosciences Inc. (Nasdaq:RDEA) jumped some 39%, recovering from new move lows set Thursday.
• Material Sciences Corp. (NYSE:MSC) up 25.2% on slight increase in Q2 earnings reported Thursday.
• Willis Lease Finance (Nasdaq:WLFC) up 26% after $63M sale of 10 . . .

Small-cap stocks stormed higher in the final 45 minutes of trading, shooting higher on optimism for a big weekend announcement out of G7 finance leaders. The comeback move was likely heightened by oversold conditions ahead of the weekend. Until the late rally, stocks remained in collapse mode for most of Friday as investors pulled money out of equities fearing a prolonged recession amid the global credit crisis. The Russell 2000 (NYSE:IWM) gained 23.28, or 4.66% to 522.48, shooting nearly 12% off an intraday trough that marked the lowest point since August 2003. In what will be forever remembered as a historic week for the stock market, small-caps still shed 96.92, or 15.6% in an unprecedented collapse this week. For the year, the Russell is now down 31.7%, while the Dow is off 36.2% and the S&P 500 is down 38.7%. Small caps are now down 39% from the 2007 record highs, and at the lows today were fast approaching typical declines in the 50% range seen in previous recessions over the last 40 years.

From a charting and index perspective, the late recovery move in stocks today was paced by small caps, which was an encouraging sign. Small caps have been underperforming on the way down in this collapse after over performing their large-cap brethren for years on the way up. If small caps start to show a leadership role in the coming days, it could be a sign that a bottom, or at least stabilization is nearby. All that said, one could argue that it would have been surprising to see the stock market NOT have an oversold bounce ahead of the weekend with the potential promise of a G7 finance statement in the works, so there will still be a desire next week for the market to show that today’s recovery has traction.

This week’s collapse gained momentum despite dramatic moves by central bankers around the world to unclog credit lines. For the first time since the recession gripped the nation in the shadow of the 9/11 attacks seven years ago, central bankers gift wrapped a coordinated rate cut for the market, with the United States, United Kingdom, Eurozone, Swiss, Canadian, Swedish and Chinese authorities . . .

Dorman Products Inc (Nasdaq:DORM), XL Capital Ltd (Nasdaq:XL) and Prospect Capital Corp (Nasdaq:PSEC) are among the biggest percentage gainers in Friday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Willis Lease Finance Corp (Nasdaq:WLFC), Eastern Virginia Bankshares Inc (Nasdaq:EVBS), West Bancorp Inc (Nasdaq:WTBA), Ardea Biosciences Inc (Nasdaq:RDEA), Western Alliance Bancorp (Nasdaq:WAL) and PacWest Bancorp (Nasdaq:PACW).

Here are the biggest percentage gainers among small caps:

Edge Petroleum Corp (Nasdaq:EPEX), CSG Systems International Inc (Nasdaq:CSGS) and Coldwater Creek Inc (Nasdaq:CWTR) are among the biggest percentage gainers in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: FCStone Group, Inc. (Nasdaq:FCSX), Dycom Industries Inc (Nasdaq:DY), United Community Banks Inc (Nasdaq:UCBI), City Bank (Nasdaq:CTBK), Ardea Biosciences Inc (Nasdaq:RDEA) and Apex Silver Mines Ltd (Nasdaq:SIL).

Here are the biggest percentage gainers among small caps:

Arris Group Inc (Nasdaq:ARRS), Pure Cycle Corp (Nasdaq:PCYO) and Ardea Biosciences Inc (Nasdaq:RDEA) are among the biggest percentage losers in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Winnebago Industries Inc (Nasdaq:WGO), Cavium Networks Inc (Nasdaq:CAVM), Cache Inc (Nasdaq:CACH), Colony Bankcorp Inc (Nasdaq:CBAN), Bridge Bancorp Inc (Nasdaq:BDGE) and Federal Signal Corp (Nasdaq:FSS).

Here are the biggest percentage losers among small caps:

Shares of Ardea Biosciences, Inc. (Nasdaq:RDEA) are lower on news before the start of trading that the drug maker widened its fourth-quarter loss. The San Diego-based company reported that its net loss for the three months ended Dec. 31, 2007, was $9.1 million, or $0.86 per share, compared with a net loss of $0.5 million, or $0.05 per share, a year earlier. Analysts were expecting to see a loss of $0.78 per share.

At 1:01 p.m. ET, the stock had declined $1.14, or 8%, to $13.05.

Shares of Ardea Biosciences, Inc. (Nasdaq:RDEA) are rising on news after the close on Monday that a Phase II trial of a drug to inhibit the spread of HIV reported positive results.

“These preliminary data indicate that RDEA806 is a highly potent antiretroviral that warrants further study for both treatment-naive and treatment-experienced HIV patients,” said Graeme Moyle, Director of HIV Research at Chelsea and Westminster Hospital, in a statement.

At 1:00 p.m. ET, the stock had advanced $1.46, or 11%, to $14.45.