I've said it many, many times: every day there is an opportunity to make big returns in the market on a percentage basis. This is the lure of investing in stocks generally, and in small caps specifically. Buy the right stock and you might make 20%, 50% or 100% in just a couple of days.
I'll gloss over the reality that this is extremely hard to do on a repeat
basis and instead go straight to the results from yesterday's trading
session. These are the stocks that made some people extremely happy on
Monday - the top performing small caps in the Russell 2000 and S&P
600 Small Cap Indices:
Ticker |
Company Name |
Closing Price | %Change (1 Day) |
NYSE: PRM | PRIMEDIA | $7.02 | 60.3% |
Nasdaq:VITA | Orthovita | $3.83 | 40.3% |
Nasdaq:ENOC | EnerNOC | $20.42 | 19.8% |
Nasdaq:DVOX | Dynavox | $8.99 | 13.7% |
Nasdaq:SPMD | SuperMedia | $4.28 | 11.5% |
PRIMEDIA PRM: The consumer directories publisher's stock rallied
60.3% on news that private equity group TPG Capital would take it over
for $7.10 per share.
Orthovita VITA: The $300 million market cap company, which makes products to fuse human bones, and other biosurgery products, soared 40.3% on news that Stryker Corp. SYK struck a deal to buy it for around $316 million.
EnerNOC ENOC: Credit Suisse upgraded the stock with a $23 price target. The company provides energy efficiency services. Read more at Forbes.
Dynavox DVOX: The company makes speech and language related
software. Shares popped 13.7% when it announced earnings per share of
$0.07, a penny above the consensus analyst estimate.
SuperMedia SPMD: The media advertising company publishes the
Yellow Pages Directories. Its stock jumped 11.5% on what I interpret as
spillover from traders bidding up publishing stock PRIMEDIA. The stock is
still languishing - it hit a 52-week low on May 13th at $3.31.
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