Monday's Small-Cap Winners & Losers
Mike Taylor
03/03/08 - 04:27 PM EST
Updated from 2:11 p.m. EST with new stock prices
Small-cap stocks traded mostly flat Monday as the broader market started off the week with a dip down and a rebound back to the baseline.
Biotech company
Par Pharmaceutical (PRX Quote) gained 8.7% to $19.23 on fourth-quarter earnings. The company posted adjusted income of $6.5 million, or 19 cents a share, vs. $6.9 million, or 20 cents a share, a year ago. Analysts polled by Thomson Financial were expecting 15 cents a share.
New York software maker
ACI Worldwide (ACIW Quote) gained 9% to $19.25 after announcing it would partner with Infoglide Software to develop enhanced returns authorization and employee screening solutions for retailers to prevent fraud and evaluate risk in prospective new hires.
Shares of
Finish Line (FINL Quote) jumped 40.3% to $3.97 on news that the Indianapolis-based shoe retailer would
settle its merger dispute with fellow footwear purveyor
Genesco (GCO Quote). Shares of Nashville-based Genesco plunged 17.3% on the news.
Meanwhile,
Thornburg Mortgage (TMA Quote) shares were in a free fall, losing 51.5% to $4.32 after announcing that additional margin calls may
strike a coup de grace to the ailing Santa Fe, N.M., mortgage lender. Fellow mortgage bank
IndyMac (IMB Quote), which is based in Pasadena, Calif., was also off today, down 20% to $4.92.
Force Protection (FRPT Quote) also lost ground. Friday after the close, the Lasdon, S.C.-based maker of blast-protected vehicles announced it has
discovered "significant accounting errors" in its third-quarter report. It will restate the earnings statement and delay its announcement of annual results. Shares lost 12.9% to $3.58.
More broadly, the Russell 2000 was off 0.3% at 684.22, and the S&P SmallCap 600 was basically unchanged at 363.50.