Small
cap stocks making big moves on Tuesday, August 19, 2014 (as of 4 pm EST), as
reported by Sean Mason, SmallCapPower.com
Aeropostale, Inc. (NYSE: ARO)
shares surged 19% to $3.87 on volume of more than 29.3 million shares Tuesday
as the specialty casual apparel retailer boosted its second-quarter earnings
guidance and announced that Julian Geiger would be returning to the company as
its CEO.
As well,
shares of Elizabeth Arden, Inc. (NASDAQ: RDEN)
slid 23% to $15.05 on more than 8.7 million shares traded as the beauty
products company reported weaker-than-expected revenue and earnings for its
fiscal fourth quarter.
Skilled Healthcare Group, Inc. (NYSE: SKH),
meanwhile, said it has signed a definitive agreement to merger with Genesis
HealthCare, one of the largest providers of post cute care services in the
United States, in an all-stock transaction. Under the terms of the agreement,
Skilled Healthcare shareholders will collectively own 25.75% of the vote and
value of the fully-diluted equity of the combined company, with Genesis
HealthCare holding the remainder. Skilled Healthcare stock popped 20% to $7.37 following
the announcement.
Finally,
American Woodmark Corporation (NASDAQ: AMWD) shares
shot up 18% to $36.88 after the manufacturer of kitchen cabinets and vanities
announced better-than-expected revenue and earnings for its first quarter.
