Monday's Small-Cap Winners & Losers
Gevity HR (GVHR), a human-resources services firm, sustained one of the biggest price drops in the small-cap sector Monday.
Shares of the Brandenton, Fla., company plunged 34.7% after third-quarter earnings slid by nearly three-quarters to $2.5 million, or a dime a share, on falling revenue of $146.5 million. Analysts polled by Thomson Financial were seeking 13 cents a share on revenue of $153.1 million. Shares were down $3.27 to $6.15.
K-Swiss (KSWS) was also among the small-cap losers after Merrill Lynch downgraded the footwear maker to neutral. Shares of the Westlake Village, Calif.-based company were off $1.41, or 6.4%, to $20.51.
Biotech firm Cambrex (CBM) was also kicked lower by a downgrade. An analyst at Longbow lowered the New Jersey company's rating to neutral from buy following last week's report of a widened third-quarter loss. Shares shed 4.8% to $10.02.All three of the above stocks helped to drag on both the Russell 2000, off 0.9% to 790.44, and the S&P SmallCap 600, which was sinking 1% to 409.66. Elsewhere, Favrille (FVRL) tumbled 14.5% to $2.42 on late Friday's announcement of an equity offering. The San Diego biopharma agreed to sell $21.1 million worth of "units" primarily to institutional investors, with each to contain one share and a warrant to purchase 0.6 shares for a $2.77 exercise price. That comes to a total of 7.4 million shares and warrants to purchase about 4.4 million more.
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