Monday's Small-Cap Winners & Losers
Omni Energy Services (OMNI) surged following the company's improved guidance. Omni now expects this year's earnings from continuing operations to be 74 cents to 78 cents a share. Revenue should be more than $90 million. Shares of Omni jumped 16.1% to $8.30.
KongZhong (KONG) said Chief Financial Officer J.P. Gan plans to resign. Gan expects to pursue a career in venture capital and investment. He will remain in his current position until Dec. 31. Shares of KongZhong were up 25 cents, or 3.5%, at $7.44.
Generex Biotechnology (GNBT) was climbing on word that Cardinal Health (CAH) will distribute its new Glucose RapidSpray product in the U.S. The RapidSpray is designed for people who require or want additional glucose in their diet. Generex was adding 11.3% to $1.58.
Southwest Georgia Financial (SGB) was higher by nearly 15% after the company said it would start a tender offer to repurchase up to 575,000 of its shares at a price of $23 each. The number of shares to be repurchased represents roughly 18% of its stock outstanding, and the purchase price is a 19% premium to the closing price of $19.40 on Sept. 14. Southwest Georgia was gaining $2.88 to $22.28.Continucare (CNU) fell following its latest fourth-quarter report. Revenue rose 24% to $36.2 million, but earnings from operations fell to $1.3 million from $4 million a year ago and net income slid to $1.1 million, or 2 cents a share, from $11.2 million, or 21 cents a share, last year. Shares were losing 16 cents, or 5.6%, to $2.68. Eastern American Natural Gas Trust (NGT) was weaker after Ensource Energy Income Fund terminated its offer for the company. The offer expired on Friday, and the minimum tender condition wasn't satisfied. Eastern's shares were down $2.62, or 9.2%, to $25.88.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV