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

Fronteer Gold, Hansen Medical: Small-Cap Winners

NEW YORK ( TheStreet) -- Hansen Medical (HNSN - Get Report) was the biggest gainer among small-caps on Thursday, shooting up 40% to $2.20.

The medical device company entered into a patent and technology license, sublicense and purchase agreement with the health division of Philips Electronics (PHG). Philips will have the right to market Hansen's fiber optic shape sensing and localization technology, which allows physicians to identify the shape and positions of catheters and other tools used in minimally invasive procedures.

Hansen will receive an upfront payment of $29 million and $78 million in future payments. Over 9 million shares were changing hands in afternoon trading.

Shares of Fronteer Gold (FRG) also shined, with the stock up 38% to $14.44 after Newmont Mining (NEM) said it will acquire the company for $2.3 billion, a 37% premium to Wednesday's closing price.

Shares of Brightpoint (CELL), distributor of cell phones and service, surged 29% to $12.25 after its fourth-quarter profits beat estimates and guidance was better-than-expected.

Silicon Graphics (SGI - Get Report) also jumped 26% to $13.73 after the Fremont, Calif.-based computer system maker said it now expects to be profitable in fiscal 2011. Previously, it was forecasting a breakeven performance for the year.

The company said it swung to a non-GAAP profit of 44 cents a share in the December quarter as revenue jumped 43% on a sequential basis to $185.9 million. For the year, Silicon Graphics lifted its revenue view to $570 million to $595 million from a prior expectation of $550 million to $575 million.

SuperValu (SVU - Get Report) saw its shares soar 10.5% to $8.03. The company has frequently popped up in takeover chatter. On Thursday it announced that it was offering buyouts to 57 employees in its distribution center at Iowa as retailers like Target (TGT) invested in their own distribution.

Orexigen Therapeutics (OREX - Get Report), Cirrus Logic (CRUS) and Netlist (NLST - Get Report) were other smart gainers on Thursday.

-- Written by Shanthi Bharatwaj in New York

>To contact the writer of this article, click here: Shanthi Bharatwaj.

>To follow the writer on Twitter, go to http://twitter.com/shavenk.

>To submit a news tip, send an email to: tips@thestreet.com.
Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.

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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
HNSN $0.90 0.00%
NLST $0.58 0.00%
OREX $4.76 0.00%
SGI $5.85 0.00%
SVU $8.02 0.00%

Markets

DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs