Small-cap stocks opened lower Tuesday and stayed in the red as their blue-chip counterparts hesitated closer to the baseline. The Russell 2000 gave up 0.7% to 730.99, and the S&P SmallCap 600 slipped 0.5% to 386.16.
Among the losers,
, an Atlanta-based provider of credit and related services, traded well below its 52-week low Tuesday. A
Wall Street Journal
report stated that federal regulators may seek more than $100 million in fines and restitution related to deceptive marketing practices. The stock recently fell $2.29, or 26%, to $6.50.
, which provides supply chain management solutions, announced a third-quarter loss of $2.6 million, or 5 cents a share, down from a profit of $9.4 million, or 19 cents a share, a year ago. The company lowered its revenue outlook to between $1.05 billion and $1.1 billion, down from a previous forecast of $1.1 billion to $1.15 billion. Shares tumbled 24% to $11.36.
(SNCR - Get Report)
, which provides multichannel transaction management solutions and is based in Bridgewater, N.J., said it will not participate in on-site retail store activations associated with
new 3G iPhone. Synchronoss already noted this development when providing its financial outlook on its conference call, the company said. Shares fell Tuesday $2.09, or 15.6%, to $11.22 Tuesday.
On the winning side, shares of
, which provides criminal background checks on prospective employees and analyzes job applicants' breath, urine, hair and saliva, soared to a new 52-week high. HireRight agreed to a $195 million acquisition by U.S. Investigations Services. Shares surged 45% to $15.16.
(KNDI - Get Report)
jumped 16% to $4.99. Dutton Associates tagged the maker of go-karts and other vehicles with a strong speculative buy rating and a price target of $6.72.