This Day On The Street
Continue to site
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: Circuit City

Updated from 2:32 p.m. EDT with new stock prices

Small-cap stocks followed the broader market on Wednesday, showing a slight drop by midday before beginning a small rebound. The Russell 2000 Index was down 2.8% to 672.10, while the S&P Small-Cap 600 was down 2.8% to 355.19 on the day.

Among the winners, Seattle-based medical device company Northstar Neuroscience (NSTR) was up 22.7% to $1.84. On Wednesday, Tang Capital Partners announced a proposal to acquire Northstar for $2.25 per share.

Tengasco (TGC - Get Report), an oil and natural gas company out of Knoxville, Tenn., was down 1.3% to $2.90. The company announced early on Wednesday that it had finalized a deal to buy oil-producing properties and equipment from Black Diamond Oil. The deal is worth about $5.35 million.

Rising was digital image and design company Schawk (SGK), based out of Des Plaines, Ill. The stock was up 13.8% to $12.60 on first-quarter earnings of $4.3 million, or 15 cents a share. Analysts polled by Thompson Financial were expecting EPS of 13 cents.

On the losing side was Israeli security software company Aladdin Knowledge Systems (ALDN), down 34.2% to $8.72. This marks a four-year low for the company, which on Wednesday estimated second-quarter EPS of 1 cent, vs. analyst expectations of 27 cents.

Vehicle rental agency Avis Budget Group (CAR - Get Report) was down 22% to $5.69. The company announced on Wednesday that is sees second-quarter and full-year numbers coming in lower than analyst expectations.

Rounding out the drops was Circuit City (CC). Shares were down 9% to $2.32 after Blockbuster (BBI) announced it was dropping its $1 billion bid to buy the consumer electronics chain.
This article was written by a staff member of

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
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
CAR $37.38 -4.00%
SGK $20.80 0.39%
TGC $0.20 11.00%
CC $6.24 -60.00%
AAPL $118.40 0.50%


Chart of I:DJI
DOW 17,719.92 -78.57 -0.44%
S&P 500 2,080.41 -9.70 -0.46%
NASDAQ 5,108.6660 -18.8590 -0.37%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs