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Monday's Small-Cap Winners & Losers

Updated from 2:03 p.m. EDT with new stock prices

Small-cap stocks outpaced the major indices on a strong move higher Monday as a rally in financials and bullish housing data spurred renewed confidence in the market.

Radio One (ROIAK - Get Report) gained 58.6% to $1.76. The Lanham, Md., radio broadcasting company announced it would sell KRBV, its Los Angeles station, to Bonneville International for about $137.5 million. Radio One also said its board had authorized a buyback for up to $150 million of stock through 2009.

Synplicity (SYNP), a Sunnyvale, Calif.-based maker of software for the design and verification of semiconductors, rocketed up 47.6% to $7.85. On Thursday, Synplicity announced it was being acquired by Synopsys (SNPS - Get Report) for $227 million, or $8 a share.

Newsprint and specialty paper maker AbitibiBowater (ABH) jumped 38.8% to $13.56 on news that the Montreal company agreed to receive an investment of $350 million in convertible debentures from Fairfax Financial Holdings (FFH) to address AbitibiBowater's upcoming debt maturities and general liquidity needs.

On the losing side, Media General (MEG - Get Report) shares fell 9.9% to $14.39. Thursday after the close, the Reston, Va.-based communications company offered February 2008 revenue results and first-quarter earnings guidance. For February, revenue decreased to $63.4 million from $71.2 million a year ago. The company forecast a continuing-operations loss of 40 cents to 45 cents a share for the first quarter. The Street is looking for a per-share loss of 13 cents.

Also losing, Aircastle (AYR - Get Report), a Stamford, Conn., leaser of airplanes, lost 12.7%% to $13.37. The company announced this morning that it would cut its dividend to 25 cents a share this quarter from 70 cents last quarter.

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SYM TRADE IT LAST %CHG
AYR $22.46 0.00%
MEG $16.41 0.00%
ROIAK $3.38 0.00%
SNPS $49.92 0.00%
AAPL $126.44 0.00%

Markets

DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

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