Monday's Small-Cap Winners and Losers
Star Scientific (STSI) was plunging 32.4% after the Chester, Va., company lost its patent infringement case against R.J. Reynolds Tobacco regarding a process that cures tobacco without creating carcinogens.
The U.S. District Court for the District of Maryland granted summary judgment in favor of R.J. Reynolds, calling Star's claims invalid due to a "fatally indefinite" term in one of the patents-in-suit describing the conditions under which the tobacco must be cured. Star proclaimed its intent to appeal the decision. Its shares were falling 55 cents to $1.15. Shares of R.J. Reynolds' parent, Reynolds American (RAI), were up 51 cents, or 0.8%, to $64.27.
Analex (NLX), which sells software and related services to U.S. government agencies, nearly doubled on word that Britain's QinetiQ will buy it for $3.70 a share -- a hefty premium to its $1.91 closing price Friday. The Fairfax, Va.-based company was up $1.74 to $3.62.
Futuremedia (FMDAD) surged after the Britain-based communications company said it would continue to be listed on the Nasdaq, having officially regained compliance with the exchange's $1-a-share minimum bid price requirement. Shares were rising 93 cents, or 39.9%, to $3.26.e-Future Information Technology (EFUT) announced it will develop a supply-chain-management platform for health care products giant Johnson & Johnson's (JNJ) Chinese subsidiary. Terms weren't disclosed. China-based e-Future was up $6.59, or 21%, to $38. Johnson & Johnson was slipping 45 cents to $67.31.
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