Updated from 1:28 p.m. EST with new stock prices
Small-cap stocks traded in and out of the black Wednesday as analyst ratings and earnings forecasts brought about the biggest moves.
Shares of VistaCare (VSTA), a Scottsdale, Ariz., provider of hospice care, jumped 18.4% to $8.30. Tuesday night, Odyssey HealthCare (ODSY) announced it would buy VistaCare for $8.60 a share, or about $147.1 million. This morning, Deutsche Securities added to the good news by upgrading VistaCare stock to hold from sell. Odyssey HealthCare was trading up 46 cents, or 5.5%, at $8.90.
Meanwhile, Tampa, Fla.-based Syniverse Holdings (SVR) rose 16.1% to $15.75. The provider of technology services for wireless telecoms announced Tuesday after the close that it expects 2007 revenue between $369 million and $371 million, up from $328.9 million in 2006. It also predicts non-GAAP income to range from $74 million to $75.3 million, up from $57.3 million a year ago. Analysts polled by Thomson Financial forecast $365.9 million in revenue and income of $72.7 million.Also gaining was Knight Capital (NITE). The Jersey City, N.J.-based investment brokerage posted fourth-quarter earnings, excluding items, of 50 cents a share, vs. 33 cents a share in the year-ago quarter, trouncing the Street's per-share forecast of 26 cents. The stock climbed 19.4% to $14.95. On the losing side, California Pizza Kitchen (CPKI) fell 17.7% to $10.10 after the announcing last night that fourth-quarter earnings would be