Small-Cap Winners & Losers: Gatehouse Media - TheStreet

Small-Cap Winners & Losers: Gatehouse Media

Shares drop after Wachovia states that the media industry's outlook is continuing to deteriorate.
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Small-cap stocks tumbled Monday along with the major indices. The Russell 2000 was falling 1.76% at 663.07, and the S&P SmallCap 600 was declining 1.53% to 348.68.

Ticking higher today

CSG Systems International

(CSGS) - Get Report

gained 13.43%, or $1.66, to $13.16. The gain Monday came as CSGS extended a contract with Comcast through 2012. CSG Systems is an Englewood, Colorado-based company that provides outsourcing solutions that facilitate customer interaction management on the behalf of its clients.

Gaining ground Monday

MarineMax

(HZO) - Get Report

moved up 6%, or 31 cents, to $5.48 on news of an upgrade by FTN Midwest. FTN upgraded MarineMax to buy from neutral. HZO is a Clearwater, FL-based company and is a recreational boat retailer in the U.S.

Allegheny Tech

(ATI) - Get Report

gained 7.25%, or $3.65, to $54.01 Monday as the company said their 2Q earnings would be better than expected. Allegheny expects EPS of $1.67 up from $1.65 which includes a one-time tax benefit of 11 cents. ATI is a diversified specialty metals producer based in Pittsburgh, PA.

Tumbling 10.76% to $10.53,

Alaska Air

(ALK) - Get Report

lost ground Monday as Credit Suisse downgraded the stock to underperform from neutral on rising fuel prices. ALK is a holding company with two principal subsidiaries: Alaska Airlines (Alaska) and Horizon Air Industries (Horizon) based in Seattle, WA.

Gatehouse Media

(GHS)

was down 14.56%, or 25 cents, to $1.33 as John Janedis from Wachovia Capital Markets stated that the media industry's outlook is continuing to deteriorate. Lehman Brothers analyst Craig Huber also lists the newspaper sector as underweight. GHS is a Fairport, NY publisher of locally based print and online media in the U.S.

This article was written by a staff member of TheStreet.com.