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

Sterling, Ener1: Small-Cap Winners

NEW YORK ( TheStreet) -- Small-caps were in the red on Tuesday morning, with the Russell 2000 down 0.6% in forenoon trading even as the broad-based S&P 500 turned positive.

Still, a handful of small-cap stocks were making big moves on unusual volumes.

Texas-based Sterling Bancshares (SBIB) was soaring 16% to $9 after Comerica (CMA) said it would acquire the bank for a little over $1 billion, or $10 per share, a 30% premium over Sterling's closing price on Friday. The announcement followed earlier reports that Sterling's management was soliciting bids for a takeover.

Sterling had been included in TheStreet's list of 10 regional bank takeover targets in December.

Over 20 million shares were changing hands on Tuesday, against an average volume of 950,000.

Lithium battery-maker Ener1 (HEV) was among the top gainers in the small-cap space, jumping 36% to $4.99 on volume of over 13 million. The company announced a joint venture agreement with China-based Wanxiang Electric Vehicle to produce lithium ion cells and battery packs for the rapidly growing Chinese market.

The joint venture is expected to achieve annual cell manufacturing capacity of about 40,000 electric vehicle battery packs annually by 2014.

Shares of Ariad Pharmaceuticals (ARIA - Get Report) were zooming 26% to $6.62 after it reported positive results from the Phase III trials of its oral drug, ridaforolimus. The drug helped patients with soft tissue and bone cancer remain in remission longer than a placebo, according to the results.
1 of 2

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
ARIA $6.47 0.00%
DTLK $7.41 0.00%
PSTI $1.39 0.00%
AAPL $117.81 0.00%
FB $105.45 0.00%


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs