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

RehabCare, Boyd Gaming: Small-Cap Winners

NEW YORK ( TheStreet) -- Deal activity continues to drive small-cap stocks, with RehabCare (RHB) shooting up after Kindred Healthcare (KND - Get Report) said it will acquire the company for $900 million in cash and stock. The deal will create the largest rehabilitation services provider.

Under the deal, shareholders of RehabCare will receive $26 in cash and 0.471 shares of Kindred. The stock was soaring 44% to $36, well above the offer price, indicating traders' expectations for a higher bid. Shares of Kindred also surged 24.5% to $24.29.

Battery-maker Exide Technologies (XIDE - Get Report) saw its shares jump 14% to $11.89 after it delivered better-than-expected results on stronger sales in Europe. The company reported adjusted profits of 33 cents per share beating estimates of 27 cents.

Shares of Boyd Gaming (BYD - Get Report) were gaining 11% to $12.29 after analysts at Bank of America/Merill Lynch upgraded the stock to a buy from a neutral along with MGM resorts (MGM) on expectations of a continuing recovery in Las Vegas.

Communications software maker Synchronoss Technologies (SNCR - Get Report) reported strong fourth quarter profits after the bell Monday and forecast better-than-expected results for the first quarter. The firm expects Verizon's (VZ) contribution to its 2011 revenue to double to 10 percent, compared with 2010. Shares were climbing 11% to $34.64.

Capstone Turbine (CPST - Get Report) shares were rising 7% to $1.48 on an upgrade from Ardour Capital to buy from accumulate.

Shares of LED equipment company Veeco (VECO - Get Report) were stronger by 5.5% at $47.64 despite a weaker-than-expected guidance for the first quarter. But the company's full-year guidance was ahead of estimates.

KB Home (KBH), PMI Group (PMI), Talbots (TLB) were other notable gainers.

--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

>To submit a news tip, send an email to:

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
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!
XIDE $0.00 0.00%
BYD $13.23 0.46%
CPST $0.63 1.51%
KND $23.76 0.34%
SNCR $50.29 1.82%


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