Drugstore.com, Talbots: Small-Cap Winners
NEW YORK (TheStreet) -- Retail stocks were winning in the small-cap space on Thursday. Drugstore.com (DSCM) was up more than two-fold Thursday after drug chain Walgreens (WAG) said it will acquire the company for $409 million, or $3.80 per share. The stock was up 112% at $3.78.
Talbots (TLB) and Charming Shoppes (CHRS) were up 25% and 18% respectively.
Talbots posted a smaller-than-expected loss and said it will close 90 to 100 stores and downsize 15 to 20 stores over the next two years.
 |
Charming Shoppes posted a lower-than-expected loss as holiday sales topped estimates. The company also announced the appointment of Anthony Romano, chief operating officer, as its new chief executive to replace James Fogarty, who stepped down in October 2010.
Medical device maker Trans1 (TSON) saw its stock soar 47% to $4.78 after the company received FDA clearance for a spinal implant system. Imax (IMAX) said it will open 75 new screens in China by the end of the 2014 and expects the Asian tiger to beat the U.S. in becoming the biggest market for screens in the future. Shares were shooting up 12% to $29.88. Rare earth stocks continued to climb Thursday after Summit Atom Rare Earth, co-owned by Kazakhstan state uranium miner Kazatoprom, said it plans to produce 1,500 tons a year of rare earth oxide. Shares of Rare Element Resources (REE) and Avalon Rare Metals (AVL) were up 5% and 2.5% respectively. Powerwave Technologies (PWAV) and Finisar (FNSR) were some of the tech names that were making smart gains 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.
Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, 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
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
