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XenoPort, Rite Aid: Small-Cap Winners

NEW YORK ( TheStreet) -- XenoPort (XNPT - Get Report) was the biggest gainer among small-caps Thursday after the biotech company won approval for its first drug Horizant used to treat moderate-to-severe restless leg syndrome. The stock was up 66% at $10.64 on volumes of more than 17 million shares.

Shares of Immunogen (IMGN - Get Report) jumped 21% to $11.28 after an experimental breast cancer drug that it is developing with Roche was found to be more successful than the standard treatment in a mid-stage study.

Retail stocks were buzzing after stronger-than-expected same-store sales data. Pier 1 Imports (PIR - Get Report) saw its shares climb 9% to $11.52 after it reported better-than-expected results. Sales rose 7.7% to $426.6 million, beating the analysts' average estimate of $425.6 million. Sales at stores open at least a year rose 8.9%.

Rite Aid (RAD - Get Report) was up 6.6% to $1.13 after it posted a narrower-than-expected loss and its sales stabilized. The company said it may narrow its losses significantly in fiscal 2012, and forecasted stronger revenue than analysts expected.

Express (EXPR) shares were climbing 4.5% to $20.23. The company announced the pricing of the offering of 19,800,000 common shares by certain stockholders at $19 a share, reflecting an upsize from the previously announced offering of 16.5 million shares.

Shares of Intersil (ISIL - Get Report) rose rising 5.8% to $14.09. Stocks of semiconductor companies were climbing after Texas instruments (TXN) said earlier this week it will acquire National Semiconductor (NSM) for $6.5 billion.

Shares of Rare Element Resources (REE) and Avalon Rare Metals (AVL) were soaring 10.7% and 4.9%, respectively. A bill was introduced Wednesday that would benefit U.S. rare earth miners, according to a release from the U.S. Magnetic Materials Association.

--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.

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Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.

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SYM TRADE IT LAST %CHG
AVL $0.30 0.00%
IMGN $9.96 0.00%
ISIL $14.16 0.00%
PIR $13.29 0.00%
RAD $8.25 0.00%

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