Tag - Snic

Sinovac Biotech Ltd. (Nasdaq:SVA), Bon-Ton Stores Inc. (Nasdaq:BONT) and Trubion Pharmaceuticals Inc. (Nasdaq:TRBN) are among the biggest percentage gainers in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Exponent Inc. (Nasdaq:EXPO), Sequenom Inc. (Nasdaq:SQNM), RPC Inc. (Nasdaq:RES), Sonic Solutions (Nasdaq:SNIC), Saga Communications Inc. (Nasdaq:SGA) and Encore Wire Corp. (Nasdaq:WIRE).

TechTarget Inc (Nasdaq:TTGT), Great Atlantic & Pacific Tea Co Inc (Nasdaq:GAP) and Gramercy Capital Corp (Nasdaq:GKK) are among the new 52-week lows in Thursday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Sturm Ruger & Co Inc (Nasdaq:RGR), Sonic Solutions (Nasdaq:SNIC), Protherics PLC (Nasdaq:PTIL), FortuNet Inc (Nasdaq:FNET), Miller Industries Inc (Georgia) (Nasdaq:MLR) and Tortoise North American Energy Corp (Nasdaq:TYN).

Here are the new 52-week lows among small caps:

Preferred Bank (Nasdaq:PFBC), Anadigics Inc (Nasdaq:ANAD) and Sonic Solutions (Nasdaq:SNIC) are among the biggest percentage losers in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Wavecom (Nasdaq:WVCM), Arkansas Best Corp (Nasdaq:ABFS), First Place Financial Corp Ohio (Nasdaq:FPFC), Prestige Brands Holdings Inc (Nasdaq:PBH), SeaBright Insurance Holdings Inc (Nasdaq:SEAB) and FormFactor Inc (Nasdaq:FORM).

Here are the biggest percentage losers among small caps:

After falling off slightly after the opening, small-cap stocks staged a swift rally but then deflated somewhat as oil continued to pull back for a second straight trading session amid mixed corporate earnings reports and as President Bush and the House came to an agreement on a housing bail-out plan.

At 12:30 p.m. ET, the Russell 2000 (NYSE:IWM) was up 0.68, or 0.09%, at 717.50 amidst a broad market rally. The Dow was up 4.39, or 0.04%, to 11,606.89, while the tech heavy Nasdaq gained 9.1, or 0.39%, to 2,313.06 as investors welcomed the deflation in oil prices, which may ease pressure on the consumer and businesses.

Crude oil prices slipped roughly $0.60 dollars a barrel to $127 midday, marking the second consecutive day the commodity has lost its mojo. Today, an increase in U.S. gasoline stockpiles added to the downward pressure on crude. The energy market has been sinking this week as Hurricane Dolly veers away from key production areas in the Gulf of Mexico and on worries about demand for high-priced crude oil amid sluggish economic conditions in the United States and new usage curbs in China.

As crude oil prices have slipped in recent sessions, the U.S. dollar is turning green again, rising against the euro and the yen in mid-day action. The assent in oil, has contributed to the dollars demise this past year, so naturally that correlation has reversed itself today. A stronger dollar often has a bearish impact on global commodity values since so many products are priced in dollars. Also on the commodities front, grains markets are expected to trade sharply lower today amid improving Midwest weather and the firm dollar tone.

President Bush dropped his veto against the House’s housing package that bails out struggling homeowners by offering $3.9 billion for areas containing the most foreclosures. The House is expected to vote on the bill as early as today. Additionally, lawmakers came to a mutual agreement that permits Treasury Secretary . . .

Novato, Calif.-based Sonic Solutions Inc. (Nasdaq:SNIC) has dropped 16% today after analysts at J.P. Morgan downgraded the company before the opening to “neutral” from “overweight.” Sonic manufactures computer software for digital media. The downgrade was the result of declines in both consumer spending and consumer confidence.

Also ahead of the bell, Sonic announced it had inked a deal to offer a custom version of the company’s Roxio Buzz application to Toudou.com, a Chinese video-sharing Web site.

In today’s trading, Sonic shares are at $5.75 at 12:23 p.m. ET, down $1.09 from Tuesday’s close. During the past year, shares have ranged from $5.61 to $13.07.

Small-cap stocks extended the recent slide Wednesday, as rising crude oil prices, ongoing credit crunch worries and a soft “Beige Book” report on economic activity took a toll. The Russell 2000 (NYSE:IWM) shed 14.74, or 2.01%, to 717.88, the lowest daily close since May 7 and the fourth consecutive close below opening levels, which shows that the bears are winning all the intraday skirmishes lately.

The Russell also closed below the 20-day moving average for the third consecutive session on lower closes, something that has not happened since March. The 20-day moving average is often watched as a short-term trend proxy and the last two times we saw the market below that line three consecutive periods, it presaged a nasty move lower. In addition, late in the day the Russell popped through key chart support at 720.50. Decisive action below that support would suggest a technical breakdown of the recent recovery move, and carries a downside target to 690, which makes action Thursday even more important to gauge the power of this pullback.

Crude oil prices shot $7 dollars a barrel higher Wednesday as the weekly stocks report reflected a drop in U.S. inventories for the fourth consecutive week. Crude oil prices jumped to more than $138 dollars, closing in on last week’s record high that approached $140. Elsewhere in the commodities arena, corn, soybeans and wheat soared up their daily trading limits today amid flooding in the heartland. Corn prices have been making record highs, which means that consumers’ wallets are taking a hit at the gas pump and then again at the grocery store. The iPath GSCI Total Return structured note fund reversed two days of losses to notch new record highs today, reflecting the broad advance in the price of physical goods. The Commodity Research Bureau Index of 19 markets also made new record highs today. A slide in the U.S. dollar also contributed to the rise in crude oil and other commodities, with the greenback down 0.4% against the yen, and off about 0.6% versus the . . .

Atlantic Southern Financial Group Inc (Nasdaq:ASFN), Arbor Realty Trust Inc (Nasdaq:ABR) and East West Bancp Inc (Nasdaq:EWBC) are among the new 52-week lows in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Temecula Valley Inc (Nasdaq:TMCV), FirstFed Financial Corp (Nasdaq:FED), Sonic Solutions (Nasdaq:SNIC), KINGSWAY FINANCIAL SERVICES INC (Nasdaq:KFS), Midwest Banc Inc (Nasdaq:MBHI) and American Apparel Inc (Nasdaq:APP).

Here are the new 52-week lows among small caps:

FirstFed Financial Corp (Nasdaq:FED), Hooker Furniture Corp (Nasdaq:HOFT) and Sonic Solutions (Nasdaq:SNIC) are among the biggest percentage losers in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: East West Bancp Inc (Nasdaq:EWBC), Tufco Technologies Inc (Nasdaq:TFCO), Heritage Financial Group (Nasdaq:HBOS), Consolidated Water Co Ltd (Nasdaq:CWCO), Protherics (Nasdaq:PTIL) and AuthenTec Inc (Nasdaq:AUTH).

Here are the biggest percentage losers among small caps:

Small-cap stocks edged lower, with support from acquisition news and an uptick in the latest mortgage application survey offset by a jump in crude oil prices and lingering jitters about tough talk on inflation at a time of sluggish economic growth. At 9:56 a.m. ET, the Russell 2000 (NYSE:IWM) was down 4.59, or 0.63%, at 728.03.

In acquisition news, Staples Inc. (Nasdaq:SPLS) reportedly finalized a deal to purchase Dutch company Corporate Express, and any large-cap M&A activity tends to be embraced by the overall stock market.

The weekly MBA mortgage application index rose 10.9% and the purchase index climbed 12.8% to a four-week high. This data series is volatile and has been on the decline in line with the slumping housing market, but the rise in the latest week was surprising given a lift on interest rates.

Crude oil prices remain a thorn for stock market bulls, rebounding overnight to rise back above $134 dollars a barrel. In addition, the dollar was soft into the stock market opening, slipping about 0.2% versus the euro and about 0.3% against the yen. Other commodities were also on firm footing this morning, with gold trading higher and grains markets called higher.

The market will look toward this afternoon’s Beige Book report, which is a roundup of business conditions in the 12 Federal Reserve districts that is prepared before each FOMC meeting. Steven Wood, chief economist with Insight Economics, said in an email that the Beige Book is expected to show that the economy grew at a sluggish rate since late April. Wood said that consumer spending has slowed while motor vehicle sales have collapsed, and home building continued to sink. In addition, manufacturing activity was weak, supported by exports, not domestic demand. What’s more, labor markets appear to be quickly softening and price pressures are rising because of rapid gains in food, energy and commodity prices.

Investors and market strategists continue to grapple with the renewed focus on inflation jawboning and what it might mean for stocks after various central bank officials around the world have ramped up the anti-inflation rhetoric in recent days.

In a research report, Goldman Sachs analysts said that “the main risk that rising inflation poses to equities in the current environment is that it hampers the ability of central banks to pursue accommodative monetary policies at a time . . .

Computer software developer Sonic Solutions (Nasdaq:SNIC) after Tuesday’s close posted fiscal fourth-quarter revenues just shy of analysts’ estimates and issued fiscal first-quarter guidance below the consensus on Wall Street.

The Novato, Calif.–based company said it expects to clock a loss of $0.09 in the first quarter, while the Street was gunning for a profit of $0.01 per share

Shares flopped 12%, or $0.90, to $6.78 in pre-market trading. For detailed price information and recent news stories about Sonic Solutions, click SNIC. 

RTW, Inc. (Nasdaq: RTWI), Optium Corp. (Nasdaq: OPTM) and Sonic Solutions (Nasdaq: SNIC) are among the biggest percentage gainers in Monday's trading among companies with market capitalizations under $500 million.

Here are today's biggest percentage gainers:

RTW, Inc. (Nasdaq: RTWI), Optium Corp. (Nasdaq: OPTM) and Sonic Solutions (Nasdaq: SNIC) are among the biggest percentage losers in Friday's trading among companies with market capitalizations under $500 million.

Here are today's biggest percentage losers:

Neurochem Inc. (Nasdaq: NRMX), PHAZAR CORP. (Nasdaq: ANTP) and Sonic Solutions (Nasdaq: SNIC) are among the most actively traded companies in Monday pre-market trading among those with market capitalizations under $500 million:

Shares of Sonic Solutions (Nasdaq: SNIC) are tumbling today after the digital media software company reported preliminary sales for its fiscal first quarter below expectations late Thursday.

For the three months ended June 30, net revenue was $29.5 million, while seven analysts polled by Thomson Financial forecast sales of $33.8 million. Last year, the company racked in sales of $36.89 million.

Sonic reported only selected preliminary results, including revenue recognition, because it is still in the process of sorting out a voluntary review of its historical and current stock option grant practices and related accounting previously announced in February.

The company thus far has determined that it lacks sufficient documentation for certain historical option grants and that the measurement dates of these option grants will need adjustment.

Further, the company disclosed that based on its voluntary stock option review, annual and interim financial statements may no longer be reliable.

Sonic Solutions (Nasdaq: SNIC), China Sunergy Co., Ltd. (Nasdaq: CSUN) and Document Sciences Corp. (Nasdaq: DOCX) are among the biggest percentage losers in Friday's trading among companies with market capitalizations under $500 million.

Here are today's biggest percentage gainers:

China Sunergy Co., Ltd. (Nasdaq: CSUN), Vanda Pharmaceuticals Inc. (Nasdaq: VNDA) and Flamel Technologies S.A. (Nasdaq: FLML) are among the most actively traded companies in Friday pre-market trading among those with market capitalizations under $500 million:

Schmitt Industries, Inc. (Nasdaq: SMIT), DRAXIS Health Inc. (Nasdaq: DRAX) and NVE Corp. (Nasdaq: NVEC) are the biggest percentage losers in Thursday's trading among companies with market capitalizations under $500 million.

Here are today's biggest percentage losers:

The following are the most actively traded companies in Friday's trading among those with market capitalizations under $500 million:

Sonic Solutions (Nasdaq: SNIC) announced preliminary revenues of $38.1 million for the fourth quarter, down from $40.4 million a year earlier. The company declined to announce specific profit numbers on the call, but CEO David Habiger confirmed the company was in the black.

The digital media software developer announced preliminary results for the fourth quarter ended March 31, 2007, on a conference call after the close of trading.

“We were profitable this quarter,” Habiger said. “We improved the cost structure and doubled the workforce in China.”

For the first quarter ending June 30, the company forecast revenues of between $33 and $35 million, compared with $36.8 million a year earlier. Analysts surveyed by Reuters were expecting revenue of $38.4 million for the fourth quarter and $36.4 million for the first quarter.

Trump Entertainment Resorts (Nasdaq: TRMP) said after the close that it had received indications of interest from parties proposing to purchase the company. In after-hours trading, shares were up 10.48% at $14.44. The company had previously announced in March that it had engaged Merrill Lynch to assist it in seeking strategic options. Atlantic-City, New Jersey-based Trump Entertainment owns and operates three properties, and is separate from chairman Donald Trump's other real estate and holdings. Market capitalization of Trump Entertainment was slightly more than $400 million.

Sonic Solutions (Nasdaq: SNIC) was lower in after-hours trading after announcing partial and unaudited results for its fourth quarter ended March 31. Sonic said net revenue was $38.1 million, compared with the average analyst estimate for $38.4 million. The company, which continues to review its options program and other accounting practices, said net revenue for the first quarter was expected between $33.0 million and $35.0 million. That guidance was below analysts' expectations for $36.9 million. Novato, Calif.-based Sonic Solutions, a digital media software company, was last quoted in after hours trading at $12.52, down 6.36%.