Small-cap stocks traded a notch lower than the broader market Friday, but names such as
Odyssey Marine Exploration
helped keep the sector afloat.
The Florida-based company, which explores and recovers deep-water shipwrecks, soared some 57% to $7.23 after finding a wreck yielding what's believed to be the "largest collection of coins ever excavated from a historical shipwreck site." The company also believes the site is "beyond the territorial waters or legal jurisdiction of any country."
Another winner was
, which surged 22.3% to $31.80 after the Boston-based clean-energy developer launched its 3.75-million-share initial public offering. Underwriters have a 30-day option for another 562,500 shares to cover any overallotments.
In takeout news, New Jersey-based casino operator
Trump Entertainment Resorts
said it has received
several buyout offers
, spurring shares up 20.6% to $15.76.
meanwhile said that ReAble Therapeutics agreed to buy it for $2.75 a share, or about $22 million, in an all-cash deal that will likely close in July. The Salt Lake City-based company rocketed 32.2% at $2.63.
Home Solutions of America
shares jumped 12% to $6.72 after receiving construction contracts worth more than $100 million as part of a joint-venture agreement with Blue Diamond Construction, and discount retailer
99 Cents Only Stores
was 11.5% higher at $14.77 after coming in a penny ahead of estimates for the third fiscal quarter. The California-based company's earnings were $8.9 million, or 13 cents a share.
Trump and 99 Cents helped lift the Russell 2000, which recently gained 0.8% to 822.36. The S&P SmallCap 600 was up 0.7% to 427.81.
Among those on the downswing was semiconductor-products maker
, whose first-quarter sales slipped 3.2% from last year to $18.1 million. While that was higher than two analysts' estimates, shares of the Taunton, Mass., company still fell 2.5% to $3.18.
, a Canada-based medical-device maker, sold $16 million of its shares for $3.25 apiece to institutional investors, as well as five-year warrants for the purchase of 3.7 million more with an exercise price of $3.16. Shares slid 38 cents, or 11.9%, to $2.81.
, finally, was a hair below revenue predictions for the quarter ended March 31, and it forecast soft sales for the next. Roth Capital cut its rating to hold from buy this morning, after which shares lost 11.5% to $11.83.