Small
cap stocks making big moves on Friday, April 25, 2014 (as of 4 pm EST)
Prestige Brands Holdings, Inc. (NYSE: PBH)
shares jumped 18% to $32.26 on Friday after the health-care products
distributer said it will spend about $750 million to buy home pregnancy test
and feminine products maker Insight Pharmaceuticals.
As well,
shares of Cytokinetics, Incorporated
(NASDAQ: CYTK)
plunged 65% to $4.59 on volume of more than 12.9 million shares as the clinical-stage
biopharmaceutical firm reported that its experimental treatment for Lou
Gehrig’s disease failed to slow the fatal condition’s progression more than a
placebo in a clinical trial.
Echo Global Logistics, Inc. (NASDAQ: ECHO),
meanwhile, announced better-than-expected first quarter revenue and earnings
and provided fiscal 2014 revenue guidance that was above the Wall Street
consensus estimate. Echo Global stock moved up 9% to $19.66.
Finally,
shares of VASCO Data Security
International, Inc. (NASDAQ: VDSI)
continued to move higher Friday, up 19% to $11.17. On Thursday, its stock price
gained 11% to $9.25 after the supplier of authentication and e-signature
solutions for Internet Security applications and transactions reported a 10%
increase in its first-quarter revenue to $38.8 million, while net income
for the period surged 46% to $3.5 million, or $0.09 per fully diluted share.
