Small
cap stocks making big moves on Tuesday, May 6, 2014 (as of 4 pm EST)
Dex Media, Inc. (NASDAQ: DXM)
shares climbed 23% to $9.40 on volume of more than 2.8 million shares Tuesday
after the provider of social, local, and mobile marketing solutions reported
first-quarter revenue that surged 58.3% to $456 million, while its loss for the
period narrowed to $4.74 per share from $5.84 per share.
As well,
shares of Advanced Energy Industries,
Inc. (NASDAQ:
AEIS) slid 21% to $16.87 on more than 2.7 million shares traded as the
provider of power and control technologies for thin-film manufacturing and
solar-power generation announced first-quarter EPS that missed the analyst
consensus estimate by a penny and provided second-quarter EPS and revenue
guidance that was below that Wall Street forecast.
Forest Oil
Corporation (NYSE: FST),
meanwhile, said it would merge with Sabine Oil & Gas LLC in an all-stock
transaction that would create one of the largest oil companies in east Texas.
Sabine unit holders will own approximately 73.5% of the new combined entity
with Forest shareholders owning approximately 26.5%. Forest Oil stock moved up 13%
to $2.03 following the announcement.
Finally,
shares of SP Bancorp, Inc. (NASDAQ: SPBC)
powered 39% higher to $28.56 after the financial services company agreed to be
acquired by Green Bancorp, Inc. for $46.2 million in cash, or $29.55 per share.
