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

BioSante, Wendy's: Small-Cap Winners

NEW YORK ( TheStreet) -- Deal activity drove small-cap action once again on Thursday as Global Defense Technology (GTEC), which provides information technology to national security agencies, agreed to be acquired by Ares Management in a deal valued at $223.1 million or $24.25 per share. Shares were skyrocketing 50% to $24.15

Also, shares of healthcare services provider America Service Group (ASGR) jumped 47% to $25.71 after Valitas Healthcare struck a deal to purchase the company for $250 million, or $26 per share.

In other news, Superconductor Technologies (SCON - Get Report) rose 36% to $4.01 on volume of 8.3 million, nearly 12 times the stock's trailing three-month daily average of around 700,000. The catalyst for the sudden breakout wasn't clear but the shares have rallied since announcing the successful production of second-generation samples of its high temperature superconducting, or HTS, wire products on Feb. 2. Superconductor expects to begin deliveries of the samples soon.

Shares of Zagg (ZAGG - Get Report), which makes protective covers for the iPad and iPhone, were rallying 16% to $8.21. The stock fell steeply on Wednesday after Apple (AAPL) unveiled its own cover for the iPad.

Shares of BioSante Pharmaceuticals (BPAX) were soaring 13% to $2.29 on heightened volumes after it said that its potential pancreatic cancer vaccine increased survival rates by more than 25% to a little over two years.

Wendy's/Arby's (WEN - Get Report) saw its shares rise 7% to $5.08 after it reported narrower losses and said it expects sales at Wendy's to rise 1% to 3% this year after declining in the previous year.

The stock of US Airways (LCC) was flying high after the airline said it said that the demand environment was "exceptionally strong" and that it would be able to absorb the increase in fuel prices. Shares were up 6.4% at $8.47.

Shares of Office Depot (ODP - Get Report) were up nearly 5% at $5.45. The stock has been touted as a buyout candidate.

The stock of Hercules Offshore (HERO) put on another 6% to $5.80. The stock is up 56% year to date.

-- Written by Shanthi Bharatwaj in New York.

>To contact the writer of this article, click here: Shanthi Bharatwaj.
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
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
LCC $0.00 0.00%
BPAX $55.05 -1.24%
ODP $7.88 0.00%
SCON $1.00 0.00%
WEN $9.30 0.00%

Markets

Chart of I:DJI
DOW 16,654.77 +369.26 2.27%
S&P 500 1,987.66 +47.15 2.43%
NASDAQ 4,812.7080 +115.1720 2.45%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs