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 Quote) 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 Quote), 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 Quote) for $227 million, or $8 a share.

Newsprint and specialty paper maker AbitibiBowater (ABH Quote) 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 Quote) to address AbitibiBowater's upcoming debt maturities and general liquidity needs.

On the losing side, Media General (MEG Quote) 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 Quote), 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.