This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Tuesday's Small-Cap Winners & Losers

Small-cap stocks traded beneath most of the market for the third straight session, and UTStarcom (UTSI - Get Report) was among the most prominent losers.

Shares of the Alameda, Calif., telecom firm slid 17.6% to $3.90 after announcing an independent review of sales contracts with China-based customers, which "could impact" past relevant revenue and possibly further delay the filing of its delinquent and upcoming regulatory reports. The company also said its prior stock-option-grant review will result in about a $28 million noncash restatement from 2000 through 2006.

Moissanite-jewels distributor Charles & Colvard (CTHR - Get Report), based in Morrisville, N.C., sliced its second-quarter income in half from last year to 3 cents a share, or $529,000. Analysts polled by Thomson Financial were looking for the company to flat-line. Shares tumbled 18.7% to $4.23.

Also turning in disappointing financials was Marten Transport (MRTN - Get Report). The Wisconsin-based trucking company posted a shrinking second-quarter profit of 20 cents a share that widely missed the 29-cent analyst consensus. Revenue, at $138.8 million, was also lower than expected. Shares surrendered 15% to $15.06.

Volterra Semiconductor (VLTR), of Fremont, Calif., shed 11.6% after swinging to a wider loss than what the Street had forecast. That pressured the Russell 2000 Index, which plummeted 3% to 810.64. The S&P SmallCap 600 slumped 11.39 points, or 2.6%, to 426.35.

On the other hand, Virginian real estate investment trust Republic Property Trust (RPB) soared 23% after agreeing to sell itself to Liberty Property Trust (LRY) for $14.70 a share in cash -- a 28% premium to its latest closing price. The $850 million deal should close in the fourth quarter. Republic shares were trading at $14.12 as Liberty Property lost 6.4% to $40.17.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
VLTR $22.97 -0.13%
LRY $0.00 0.00%
CTHR $1.19 -0.83%
MRTN $18.32 -1.98%
UCTT $5.43 -3.04%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs