This Day On The Street
Continue to site
ADVERTISEMENT
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 gave back the previous day's gains and more Tuesday, falling sharply along with the major indices. The Russell 2000 recently dropped 2% to 698.87, and the S&P SmallCap 600 lost 1.7% to 362.22.

Shares of Minneapolis-based money-transfer and payment-processing servicer MoneyGram International (MGI - Get Report) were cut in half, down 50.7% at $6. The company announced late Monday that, from Sept. 30 to Nov. 30, its investment portfolio lost an unrealized $571 million, bringing total losses to $860 million. MoneyGram is negotiating with Thomas H. Lee Partners for a cash injection of about $800 million. Under the proposed deal, Thomas H. Lee Partners would control between 60% and 65% of MoneyGram.

Meanwhile, Coldwater Creek (CWTR - Get Report), a Sandpoint, Idaho-based women's retailer was downgraded by Oppenheimer to perform from outperform. Stanford Research also took Coldwater down a peg, to sell from hold. Shares plummeted 24% to $3.91.

Another retailer to suffer a downgrade, Birmingham, Ala.'s Hibbett Sports (HIBB - Get Report) fell 18% to $13.07 on a Friedman Billings downgrade to market perform from outperform.

Also losing ground was Memsic (MEMS), shares of which ceded 19.4% to $6.78. The Andover, Mass., provider of semiconductor and systems solutions exercised its overallotment option to buy 823,000 shares of its stock at $10 a share, the price at the company's IPO, less underwriting discounts and commissions.

Despite the fierce environment, the day produced some winners. Among them was Vignette (VIGN), which added 27.5% to $14.55 after forecasting last night that revenue for the fourth quarter would be between $52 million and $54 million. Analysts polled by Thomson Financial on average expect revenue of $47.4 million.

SumTotal Systems (SUMT) also raised its fourth-quarter forecast, predicting non-GAAP income of $1.5 million to $1.8 million, or 5 cents to 6 cents a share. This compares with previous guidance for income between $500,000 and $1.5 million, or between 2 cents and 5 cents a share. The Street anticipates earnings per share of 3 cents. Shares jumped 13% to $4.50.

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
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
MEMS $0.00 0.00%
CWTR $0.02 0.87%
HIBB $48.97 0.00%
MGI $8.12 0.00%
AAPL $130.28 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs