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

Small-Cap Winners & Losers: Denny's

Updated from 1:10 p.m. with new stock prices

Small-cap stocks took a tumble along with the major indices on Friday as investor anxiety over the financial sector increased. The Russell 2000 was falling 1.7% at 725.57 and the S&P SmallCap 600 was declining 1.4% to 384.15.

Highflying ShengdaTech (SDTH) was rising 15.9% to $9.57. The China chemicals company outlined plans to acquire a state-owned chemical company, and Shengda will relocate its existing chemical operations. This move is expected to strengthen ShengdaTech's position in the chemical sector.

Getting absolutely pummeled in trading action today, Medis Tech (MDTL) was losing 26.8%, dropping to $3.66. The New York-based firm, which designs, develops, and markets liquid fuel cell products geared toward consumer electronics, agreed to sell $29 million in securities.

Continuing on the winning side, Exlservice Holdings (EXLS - Get Report) spiked 3.9% to $15.91 during today's trading. This New York-based service company specializes in providing business process outsourcing, research, analytics, and advisory. Today, Goldman Sachs raised its rating to buy from neutral over long-term growth prospects.

Denny's (DENN - Get Report) dropped 9.6% to $3.31 today after being downgraded to neutral from buy. Merriman Curhan Ford said that a number of factors, including rising commodity and gas prices, will pressure the Spartanburg, S.C. family-style restaurateur.

Taking on losses, Circuit City (CC) fell 0.75% to $3.95. The Richmond, Va., retailer's sector was strongly affected by growing crude prices on top of its already wider quarterly loss.

Finishing for the gainers, the Steak n Shake (SNS) tacked on 6.9% to bring its shares to $6.81 Friday. This full service, casual dining inspired restaurateur based out of Indianapolis announced the appointment of Director Sardar Biglari as the firm's new chairman.

This article was written by a staff member of TheStreet.com.

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
DENN $11.73 1.56%
EXLS $33.66 1.11%
AAPL $127.60 2.28%
FB $83.09 2.87%
GOOG $535.38 2.16%

Markets

DOW 18,034.93 +208.63 1.17%
S&P 500 2,100.40 +19.22 0.92%
NASDAQ 4,994.6020 +62.7870 1.27%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs