Tuesday's Small-Cap Winners & Losers

Small-cap stocks joined the broader market on a forward march Tuesday, posting early gains and mostly holding their ground. The Russell 2000 was gaining 1.5% to 710.24, and the S&P SmallCap 600 rose 1.4% to 374.93.

GMH Communities (GCT Quote), a real estate investment trust based in Newtown Square, Pa., led the charge. Shares rose 55.5% to $8.69 on news that American Campus Communities (ACC Quote) would buy GMH for $1.4 billion in cash and stock. American Campus shares, meanwhile, fell 1.5% to $28.

Greeneville, Tenn.'s Forward Air (FWRD Quote), a provider of logistics services to the air freight market, saw shares barrel 13.8% higher to $34.05 on fourth-quarter earnings. The company posted income of $12.4 million, or 43 cents a share, vs. $12.2 million, or 40 cents a share, a year ago, beating the Street's estimate by a nickel, per Thomson Financial. ...