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

Wednesday's Small-Cap Winners & Losers

Small-cap stocks followed the major indices up Wednesday. The Russell 2000 Index gained 3.1% to 766.42, and the S&P SmallCap 600 got a 2.9% boost to 397.06.

Many of today's biggest winners were based outside the U.S., and several hailed from China. Leading the rally was Shanghai-based telecom media provider Linktone (LTON). The company announced that Indonesian firm PT Media Nusantara Citra would buy 51% of Linktone's outstanding shares for $3.80 per American Depositary Share, which represents a premium of 54% over the Tuesday closing price. Shares rocketed 32% to $3.27.

Meanwhile, China Finance Online (JRJC - Get Report) closed its acquisition of Hong Kong securities firm Daily Growth Investment. China Finance bought an 85% equity interest in Daily Growth for about $3 million and has the right to buy the remaining shares within five years. Shares were up 24% to $21.10.

On news that Fuwei Films (FFHL - Get Report) had hired independent accounting services from Kabani & Company to conduct a review of third-quarter 2007 financial results, shares of the Beijing film manufacturer took off 19% to $4.04.

Canadan firm QLT (QLTI) also took part in the action. The Vancouver biopharma company saw shares rise 26% to $4.91 after its board publicly declared it would seek a buyer of all or part of the company.

One U.S. small-cap to log gains was (OSTK - Get Report). Shares of the Salt Lake City Internet discount retailer jumped 15% to $25.40 on an upgrade to hold from sell by Stifel Nicolaus.
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
ATV $7.04 2.30%
CENT $13.95 0.07%
FFHL $0.61 6.28%
JRJC $4.41 -7.20%
LTON $1.02 -15.70%


Chart of I:DJI
DOW 15,660.18 -254.56 -1.60%
S&P 500 1,829.08 -22.78 -1.23%
NASDAQ 4,266.8370 -16.7550 -0.39%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs