The small-cap sector traded beneath the major indices Thursday even as several names soared on various positive news.
Volt Information Sciences (VOL Quote), for instance, leapt 25.8% after the New York-based staffing company posted fiscal third-quarter income of $9.1 million, or 40 cents a share. That crushes two analysts' 32-cent EPS estimate, per Thomson Financial. Shares were up $3.95 to $19.24.
In positive analyst calls, meanwhile, California's Conexant Systems (CNXT Quote) surged 17.5% to $1.34 after CIBC upped the semiconductor concern to sector outperformer, citing stock valuation and his belief that "real restructuring" seems to be on the horizon. He pointed to yesterday's announcement that Karen Roscher will replace J. Scott Blouin as chief financial officer, which follows Daniel Artusi's appointment as CEO earlier this year. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,308.26 | 1,096.07 | 2,180.05 | 35.10 |
Oil *
73.93
|
|
DOWN
132.86
|
DOWN
13.11
|
DOWN
26.86
|
UP
0.23
|
10 Yr
3.51%
SPDR Gold
107.34
|
|
-1.27%
|
-1.18%
|
-1.22%
|
+0.66%
|
Data delayed 20 minutes |
Connect with TheStreet