Small-cap stocks were trading higher alongside the broader markets early Tuesday.The Russell 2000 was adding 1.2% to 706.25 while the S&P SmallCap 600 was gaining 1.1% at 369.27.
Making a significant jump was
, it saw gains of 90.2% to $12.25 in early trading Tuesday. The Boca Raton, Fla.-based resort and residential community firm reached an agreement to be bought by
Diamond Resorts International
in a $500 million deal. Diamond is a Las Vegas, Nev.-based vacation ownership company.
Losing Tuesday was
( RMIX), down 14.5% to $4.77. The Houston, Texas-based producer of ready-mixed concrete cut its second quarter earnings view from 10 to 16 cents a share to 8 to 9 cents a share. RMIX attributed this downfall to slowing sales.
Tacking on major gains Tuesday was
( UAUA) rising nearly 50% to $7.48. The Chicago, Ill.-based air transportation services company announced that it is extending its credit card agreements with Chase Bank USA. This action will generate a $600 million payment and increase UAL's cash position by approximately $1.2 billion.
( MSPDD) was seeing positive trading action, gaining 21.25% to $3.88. The Newport Beach, Calif-based technology firm, which specializes in the development of semiconductor solutions, was upgraded to outperform from perform by
Suffering losses early Tuesday was
, trending down 18.1% to $5.09. The Brookfield, Conn.-based manufacturer of photomasks for the semiconductor industry announced its chief executive officer, Michael Luttati, has resigned from his position. Adding to this, Stifel Nicolaus downgraded the stock to hold from buy.
This article was written by a staff member of TheStreet.com.