Friday's Small-Cap Winners & Losers

Small-cap stocks were mostly outperforming the broad indices Friday amid surging names like Buckeye Technologies (BKI Quote).

Shares rocketed some 45% after Citigroup vaulted the Memphis-based company's rating to buy from sell, mainly on valuation. The company, which makes cellulose-based products made from wood and cotton, shot up $4.67 to $15.10.

MercadoLibre (MELI Quote) soared 36.1% following its initial public offering, which priced 16.1 million shares at $18 apiece, mostly from selling stockholders. Underwriters have an option for 2.4 million more shares to cover any overallotments. Shares of the Latin American trading platform rose $6.50 to $24.50.

Elsewhere, Chicago's Diamond Management & Technology Consultants (DTPI Quote) announced that the U.S. General Services Administration awarded it a new service contract with an initial performance period of five years. Financial terms weren't disclosed. Shares catapulted 33.1% to $11.14.

Television-station operator Lin TV (TVL Quote), based in Rhode Island, leapt 25.5% after swinging to a second-quarter continuing-operations profit of 8 cents a share vs. heavy year-ago losses. Analysts polled by Thomson Financial were looking for per-share earnings of just 6 cents. Shares were trading at $13.90.

Among today's small-cap losers, however, were a couple of tech stocks. InPhonic (INPC Quote) took a dive after the Washington-based company posted a non-GAAP loss of 59 cents a share (adjusted), or 18 cents short of Wall Street expectations. Revenue climbed from last year to $92.1 million, but analysts were seeking $109.3 million. Shares tumbled 28% to $3.50.